#25320 - 01/05/10 07:51 PM
Re: Saddleback Rakes It In
[Re: tsunamitsurfer]
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Pooh-Bah
Registered: 12/03/08
Posts: 1950
Loc: Xalapa, Veracruz Mexico
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I was beginning to wonder if anyone would get it. So, thanks.
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Strive for the ideal, but deal with what's real.
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#25376 - 01/06/10 08:21 PM
Re: Saddleback Rakes It In
[Re: Turnow]
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Carpal Tunnel
Registered: 04/08/09
Posts: 3654
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I hope you were able to sleep much more contentedly last night after receiving that affirmation. Btw, I didn't say anything about her posture and gait that wasn't true. Especially since she suffers from asthma, her parents should see to it that she gets some type of physical therapy to correct it.
Back to the inital post of this thread: I'm no fan of Rick Warren, but no one slams the Salvation Army for bell-ringing at the end of the year to feed, clothe, and shelter the less fortunate. He made his plea to Saddleback members, not to the general public. What possible difference does it make to the general public, or anyone not affiliated with Saddleback or receiving its charity, how much money was given/received? It does not affect either you or Funky in the least.
While I do believe that all Christian church books should be "open"...it is common knowledge that Warren hasn't taken any salary from Saddleback for several years, and has repaid everything he received before that, along with 90% of his other earning from books, etc..
I don't keep financial and charitable tabs on his church, but I can't remember anyone making fun of the almost 2 million dollars he immediately raised from his parishioners for Katrina victims.
A much more interesting post would have been about Warren's condemnation of the Ugandan Anti-Homosexuality Bill 2009, and the ire his condemnation has raised among Ugandan church leaders.
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"The true engine of economic growth will always be companies like Solyndra"...B.O.
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#25382 - 01/06/10 09:33 PM
Re: Saddleback Rakes It In
[Re: ikayak]
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Carpal Tunnel
Registered: 07/08/08
Posts: 3816
Loc: Heaven. Yeah, cool.
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Len Burman, tax expert for the Brookings Institution, thinks the 90 percent thing is a lie, and notes that we'll never really know for sure, thanks to a Republican congress actually changing tax laws in 2002 so Rick Warren could get out of being audited.
I’m wondering how that works. Current charitable deductions are limited to 50% of AGI. Anything beyond that can be carried over to future years, but that wouldn’t help Warren if he gives 90% every year. If he actually donated 90% every year, he’d still pay tax on half of his income. If he earns $10 million and pays an average of 30% in tax, he’d have to pay 30% of $5 million, or $1.5 million in tax. Given that he only keeps $1 million, he’d come up $500,000 short every year. (It could be worse than that. The top individual income tax rate is 35% and he also has to pay California state income taxes, assuming his residence is near his church. And income-related phaseouts of itemized deductions and other provisions could further raise his effective tax rate.) Maybe he pays the shortfall out of his savings, although that seems unlikely. Maybe he includes the taxes he pays in the 90%, although in that case, he’s way overstating how much he’s giving to the church. It’s likely 75% of his income or less. Maybe he gives 90% of his after tax income. (Law professor Ellen Aprill pointed out to me that there is a lively debate about whether tithing refers to pre-tax or after-tax income. See, e.g., this theological discussion. My favorite bit of guidance on whether to tithe out of gross or net income is: "just decide if you want net blessings or gross blessings.")
Maybe Warren channels a portion of his book royalties directly to the church, although it’s not clear that this would be kosher. Ellen discussed the tax consequences of Obama’s doing this with his Nobel Prize on the taxprof blog. In Obama’s case, a special rule would allow redirecting Nobels and Pulitzers, but that wouldn't apply to book royalties.
Alternatively, Warren might have donated all or a share of his book copyrights to his church. First Lady Hillary Clinton donated her book royalties to charity, but Tax Notes pundit Lee Sheppard suggested she should have donated the copyright and claimed an up-front charitable deduction without ever taking the royalties as income. Law professor Calvin Johnson pointed out that she couldn’t claim a deduction because the copyright is not a capital asset. (The same rules apply to artists who donate artworks to museums. It’s the right answer from a tax perspective, but is extremely unpopular with wealthy artists and museums.)
Rev. Warren’s had trouble with the IRS in the past over his $80,000 a year parsonage allowance, which the IRS argued was excessive because it exceeded the fair market rental value of his home. Warren argued the allowance should be entirely tax-free on the grounds that it’s an important aid to struggling clergy. Although courts ultimately ruled in Warren’s favor, the Congress later changed the rule in line with the IRS’s interpretation.
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#25408 - 01/07/10 05:28 PM
Re: Saddleback Rakes It In
[Re: Beavis H. Christ]
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Carpal Tunnel
Registered: 04/08/09
Posts: 3654
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"we'll never really know for sure"
"maybe" "maybe" "maybe" maybe" etc.
"might"
"courts ultimately ruled in Warren’s favor"
_________________________
"The true engine of economic growth will always be companies like Solyndra"...B.O.
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#25416 - 01/07/10 05:53 PM
Re: Saddleback Rakes It In
[Re: ikayak]
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Carpal Tunnel
Registered: 07/08/08
Posts: 3816
Loc: Heaven. Yeah, cool.
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"we'll never really know for sure"
"maybe" "maybe" "maybe" maybe" etc.
"might"
"courts ultimately ruled in Warren’s favor"
I wonder why poor Pastor Warren, who is penniless thanks to donating 90 percent of his money to the church, would care about being audited in the first place? After all, he doesn't have any money, right?
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#25417 - 01/07/10 06:01 PM
Re: Saddleback Rakes It In
[Re: Beavis H. Christ]
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Carpal Tunnel
Registered: 04/08/09
Posts: 3654
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lol. I don't care how much he makes or how much of it that he keeps. If you want to wonder and speculate, knock yourself out.
_________________________
"The true engine of economic growth will always be companies like Solyndra"...B.O.
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#25424 - 01/07/10 06:12 PM
Re: Saddleback Rakes It In
[Re: ikayak]
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Carpal Tunnel
Registered: 07/08/08
Posts: 3816
Loc: Heaven. Yeah, cool.
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lol. I don't care how much he makes or how much of it that he keeps. If you want to wonder and speculate, knock yourself out.
Me neither. I just think it's funny that Christians hold up a lying homophobic tax dodger as a hero.
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#25426 - 01/07/10 06:24 PM
Re: Saddleback Rakes It In
[Re: Beavis H. Christ]
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Carpal Tunnel
Registered: 04/08/09
Posts: 3654
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And I think it's funny that Obama named Geithner Treasury Secretary.
_________________________
"The true engine of economic growth will always be companies like Solyndra"...B.O.
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#25437 - 01/07/10 09:24 PM
Re: Saddleback Rakes It In
[Re: ikayak]
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Carpal Tunnel
Registered: 07/08/08
Posts: 3816
Loc: Heaven. Yeah, cool.
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And I think it's funny that Obama named Geithner Treasury Secretary.
AAAAAnnnd here we go again with Obama outta nowhere! BLAAAACK BLACK BLACKITTY BLAAAACK
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#25458 - 01/08/10 09:38 AM
Re: Saddleback Rakes It In
[Re: Beavis H. Christ]
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Carpal Tunnel
Registered: 04/08/09
Posts: 3654
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You brought up lying tax dodgers. Geithner's name came right to mind. [whisper]btw, he's not black. sssssshhhhhhhh.[/whisper]
_________________________
"The true engine of economic growth will always be companies like Solyndra"...B.O.
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