For your own home, pay tithes before mortgage, just like you would if you harvested crops, paid a tenth, then paid for rent on your home. When you sell your home, pay tithing only on the profits from the sale, which means after paying off the home and paying all other selling related expenses, including the realtor and any taxes.
For a business, pay tithes on profits, just like you would if you harvested crops, paid your overhead and expenses, paid your people, then paid yourself. Pay tithes only on what you paid to yourself. Otherwise, there's no way to compete with the Walmarts of our world who have razor thin < 1% profit margins. I'm pretty sure God wants His people to create Walmarts too, not just others.
If you have a rental property, treat it like a business. Pay tithes only on the money after paying mortgage. So if the rent is $2000 and the mortgage is $1800 and the property manager is $100, you owe tithing on the $100 remaining after paying expenses, not the $2000 rental income. If you pay $5000 that year on property maintenance or upgrades, that's a business expense that should not have been tithed. If it came from an untithed business income account, that's fine. It's a business expense. It stays untithed. If it comes from your personal, already-paid-tithing account, however, you should not have paid tithing on this $5000. So, your pre-tithe income to get $5000 was 5000/.9 = $5555.56. That income would be 10% tithing = $555.56, and 90% personal = $5000. That means you overpaid tithing by $555.56 because you should tithe on personal income the business pays you, NOT on business gross. So, subtract that $555.56 from the tithing you owe on your next tithing payment. You overpaid your tithing on the business. Fix it.
When you sell your rental property. Only pay tithing on the gains you pay yourself. So if the profits from selling after all expenses are $50000, but you put all of that right into a new rental property, you owe $0 tithing. You didn't pay yourself! But, if you give yourself that $50000 for a new $50000 personal sports car, sorry. That's not a true business expense. You just paid yourself $50000, so pay $5000 tithes on that personal income.
The point here is to learn to separate personal income (which you tithe) from business income (which you don't), so that faithful tithe payers can own their own businesses and become financially successful in business too. Paying tithes is a blessing, not a curse, and should be done prudently. You pay tithes on personal income, which includes money your own business pays you, but which does NOT include gross business income before business expenses. Business expenses come first, then you pay yourself. Tithing comes first on what you pay yourself.
ElectricRCAircraftGuy
commented
7 months ago
For your own home, pay tithes before mortgage, just like you would if you harvested crops, paid a tenth, then paid for rent on your home. When you sell your home, pay tithing only on the profits from the sale, which means after paying off the home and paying all other selling related expenses, including the realtor and any taxes.
For a business, pay tithes on profits, just like you would if you harvested crops, paid your overhead and expenses, paid your people, then paid yourself. Pay tithes only on what you paid to yourself. Otherwise, there's no way to compete with the Walmarts of our world who have razor thin < 1% profit margins. I'm pretty sure God wants His people to create Walmarts too, not just others.
If you have a rental property, treat it like a business. Pay tithes only on the money after paying mortgage. So if the rent is $2000 and the mortgage is $1800 and the property manager is $100, you owe tithing on the $100 remaining after paying expenses, not the $2000 rental income. If you pay $5000 that year on property maintenance or upgrades, that's a business expense that should not have been tithed. If it came from an untithed business income account, that's fine. It's a business expense. It stays untithed. If it comes from your personal, already-paid-tithing account, however, you should not have paid tithing on this $5000. So, your pre-tithe income to get $5000 was 5000/.9 = $5555.56. That income would be 10% tithing = $555.56, and 90% personal = $5000. That means you overpaid tithing by $555.56 because you should tithe on personal income the business pays you, NOT on business gross. So, subtract that $555.56 from the tithing you owe on your next tithing payment. You overpaid your tithing on the business. Fix it.
When you sell your rental property. Only pay tithing on the gains you pay yourself. So if the profits from selling after all expenses are $50000, but you put all of that right into a new rental property, you owe $0 tithing. You didn't pay yourself! But, if you give yourself that $50000 for a new $50000 personal sports car, sorry. That's not a true business expense. You just paid yourself $50000, so pay $5000 tithes on that personal income.
The point here is to learn to separate personal income (which you tithe) from business income (which you don't), so that faithful tithe payers can own their own businesses and become financially successful in business too. Paying tithes is a blessing, not a curse, and should be done prudently. You pay tithes on personal income, which includes money your own business pays you, but which does NOT include gross business income before business expenses. Business expenses come first, then you pay yourself. Tithing comes first on what you pay yourself.