Posted by:
whywait
(
)
Date: July 27, 2015 04:56PM
I read on here often that if a Mormon stops tithing, he or she gets a 10 percent raise.
That just doesn't work out with real math.
Let's say Jim makes $100,000 yearly and is a regular full tithe payer. He pays $10,000 in tithing. He retains $90,000.
He stops tithing, getting a $10,000 raise. 10K is 11.1 percent of 90K, not 10 percent.
Of course if Jim is deducting his tithes on his taxes, the raise may be more or less than 11.1 percent, depending on his marginal and overall tax rates.
Point being, that oft-cited 10 percent number will only rarely, if ever, be accurate.