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    Mitt's tithe tax fax-Many Millions to the Mormons

    By jollyroger on Sun, 01/22/2012 - 6:47pm |

    We are left with only a few hours within which to exercise unrestrained speculation as to "the (tax) horror which dare not speak its name".

     

    Level of income, of course, has been bruited as cause for embarassment.

     

    Obvious high roller lifestyle deductions will cause the odd blush.

     

    But, quaere:

    Might the annual act of self-denial represented by parting with many millions of dollars be regarded as so extreme as to make you potentially seen to be a cult-addled and superstition-ridden nutjob?

     

    For extra credit, will it piss us off that the nutjob tithe, being deductible from taxable income, is exempt from even the token 15% (or so) that Mitt kicks back for the overhead of a functioning society?

    Comments

    Does anyone know if any part of the tithes is used for their business properties?

    I do not know the structure of how it works when a Church owns so many commercial businesses and buildings.

    I read somewhere that he doesn't tithe on his gross income, only net - and it doesn't include funds in off shore accounts.  Of course, I didn't bookmark the report, so can't attest to its' validity.


    by Aunt Sam on Sun, 01/22/2012 - 6:59pm

    I think that once the money is tithed, it is within the discretion of the tax exempt insitution to do as it wishes.

    Whether he tithes on gross or net, it's bound to be a shitload of money (to use the technical term of art...)


    by jollyroger on Sun, 01/22/2012 - 7:30pm

    Your reference to the many commercial enterprises of the Mormon Church makes somewhat piquant the distinction between a Muslim who also must pay 10%, but to charitable ends in general and a Mormon who must pay into the church itself.


    by jollyroger on Mon, 01/23/2012 - 7:14pm

    All righty then!

    But I aint no queare!

    I mean I like women and all!

    On the other hand I do use Cayman seasoning sometimes.

     


    by Richard Day on Sun, 01/22/2012 - 7:08pm

    I picked that up offa Ellen One-Eye.

    She just blew me away one day with the casual Latin...


    by jollyroger on Sun, 01/22/2012 - 7:31pm

    How is Ellen, anyway? I miss her dense postings and impatient jibes. 

    My current crowd doesn't mention LIBOR very often, unless someone types "I am a LIBORal" by mistake.


    by erica20 on Sun, 01/22/2012 - 10:12pm

    Yeah, someone referenced an old post, and there was Ellen's piercing stare coming at me. Something of a more concise Dijamo, not someone to cross.


    by PeraclesPlease (not verified) on Mon, 01/23/2012 - 1:04am

    She was my go-to source for monetary theory, on the rizzle.

    I had momentarily thought that she was actually Ellen Brown, who has the chops, but Bwak convinced me that the tone is not quite right, altho' I'm still not sure.

    Here's some pure Ellen...


    by jollyroger on Mon, 01/23/2012 - 6:28pm

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