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There is a myth that clergy pay a lower tax rate, when in fact in total tax (SE tax + income tax) often they pay far higher taxes than the typical W2 wage earner. How is this so? Because they are considered "self-employed" by the IRS and thus pay a whopping 15.3% off their gross income (before adjustments and exemptions) AND regular income tax. Effectively this means they pay more in total tax.
The regular wage earner pays half (or in 2011 less than half) of Social Security (the equivalent of "self-employment tax") and the employer pays the rest.
Obviously this is a bad situation, so much so that Congress began to allow clergy to exclude the lower of fair market value of their home or actual expenses for housing from regular income tax (but not self-employment tax, that still comes off the top).
So a minister earning $50,000 pays $6141 in SE tax (13.3%, down from 15.3 last tax year) on that income PLUS any regular income tax. If a minister spent $15,000 total on housing, he would still pay regular income tax on $35,000 at the going rate. That would be about an additional $2871, for a total of $9012, or an effective total tax rate of 18% tax on just $50,000 income. That's a dead heat with a regular income earner ($9081).
What else can I help you with?
What were the chief features of colonial society and cultural?
Well, if a colonial society was formed then the population (expantion of people) would increase at a fast rate.
What was the unemployment percentage during the Great Depression according to class of society?
The unemployment rate was 25% during the Great Depression.
Are Aboriginals accepted in the Australian Society?
mostly, they are. although there are places where aborigionals are very poor, and their average life rate is lower then that of the European australians. some of them have drug problems, smoke, or abuse alcohol. aborigionals that are with the other citizens of Australia are accepted.
Did the federal government assume great power over the national economy following entry into World War 2?
the government took control of the prices and gave it a sold rate so that it could not go up or down.
What is CRR rate by RBI of India?
the Repo rate, Reserve repo rate and CRR as of 03 January 2009 are as follows: Repo Rate: 5.6% CRR: 5% Reverse Repo rate: 4.1% Source: RBI
What did the clergy do for society that might justify their low tax rate?
They were responsible for providing Social Services such as poor houses, orphanages and public assistance.
What are some influences that determine a society's rate of movement into agriculture?
Determining a society's rate is a smashing idea
What is the divorce rate among church clergy?
The divorce rate among church clergy varies by denomination and other factors, but studies suggest it generally ranges from 20% to 30%, which is comparable to or slightly lower than the national average for the general population. Factors such as the demands of ministry, community expectations, and personal stress can contribute to these rates. However, many clergy members also report strong support systems within their congregations that may help mitigate these challenges.
What was one achievements of the great Society?
the Infant Mortality Rate declined
What is the difference between the required rate of return and the expected rate of return in investment analysis?
The required rate of return is the minimum return an investor needs to justify the risk of an investment, while the expected rate of return is the return that an investor anticipates receiving based on their analysis of the investment's potential performance.
What bank offers the lowest fixed rate mortgages?
Chelsea Building Society currently offer the cheapest fixed rate at 1.64% till Oct 2015, followed by Yorkshire Building Society with a fixed rate at 1.69% till Sep 2015.
Factors influencing birth rate and fertility rate?
Birth Rate: The birth rate of a society refers to the number of births per 1,000 people in that society. This figure is expressed as the crude birth rate (CBR) and is calculated without consideration of the sex or age of the population. Death Rate: The death rate of a society is figured in the same manner but with regard to deaths rather than births and is expressed as the crude death rate (CDR). Fertility Rate: The fertility rate of a society is the average number of children which would be born by a woman during her "childbearing" years. Replacement fertility is the fertility level at which women on the average are birthing just enough children to "replace" themselves and their partners in the population. Notes taken from my anatomy and physiology study guide. Hope it helps!
Was one achievement of the great society?
the Infant Mortality Rate declined
Is murder rate a good indicator to the extent of crime in the society?
Overall, murder rate is not a good indicator of the extent of crime in a society, because murders account for only a tiny percentage of all crimes committed. Most of the crimes perpetrated in any given society are property crimes such as theft. This being the case, a better indicator of the crime level in a society would be a per capita rate of total theft.
Can you justify that Turbidity is not dangerous to the health?
Yes, it is not dangerous to our health. The Governement have made sure there is a very low turbidity rate in drinking water, so it won't affect you.
How does society use computers government?
to note the name of people and rate of people
What was the literacy rate before the Renaissance?
Before the Renaissance, the literacy rate in Europe was generally low, with estimates suggesting that only about 5-10% of the population was literate. The ability to read and write was mostly limited to the clergy, nobility, and some wealthy merchants.
