I always thought most church pastors make next to nothing.
I don’t know if the guy I’m about to mention is an exception or run-of-the-mill, but maybe I need to rethink that…
Check out this story from a tax preparer as he explains work he did for a local minister…
The minister gets paid from his church, from which he received cash of $105,000 in 2009. He received a W-2 with wages of $40,000 and a “housing allowance” of $65,000. First, ministers, along with other state workers, are allowed to elect out of social security and Medicare. By electing out, they don’t have to pay into the programs and they don’t ever get to draw from the programs either.
There’s a lot more where that came from… but if numbers make your head hurt, here is the result in chart form:
I wonder how many pastors work the system like this.
By the way, if you’re not completely pissed off already, read the last paragraph of the post and you’ll be in full rage mode.
There was a day last year when I calculated how much I make for coaching Speech Team/Forensics outside of my regular teaching duties. It came out somewhere between $2 and $3 per hour. I think I need another Masters degree + 298312 years of service before I hit six figures for my regular teaching salary.
Should’ve gone to seminary school. That’s where all the cash is at.