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Tithing - The Internet Version
February 28, 2000
Tithing on Paychecks
- Tithing on your gross income is recommended. It’s nice, clean numbers and,
as the preacher says, "Do you want to be blessed by the gross or by the
net? The choice is yours."
Stocks/Mutual Funds
- Tithe on the difference between the buying price and the selling price.
- Tithe on dividends and interest. This is possible because they appear on
individual tax returns each year.
401(k) and Retirement
- Tithe on the difference between the deposited money (from every paycheck)
and the money withdrawn from the account. Most 401(k) statements will show
your contributions to the plan since inception.
- If your company makes all of the contributions, then tithe on everything
withdrawn.
Gifts
- Tithing on financial gifts is a gray area. Some say to tithe on any increase—whether
through gifts or not. Others say to tithe only on increases that are due to
some effort on your part (such as earnings and investments).
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