General Authority salaries

[All-American]

Sorry, I should have clarified. I'd view most money held by teh church to be fungible, so phsyically there's very little difference where that money comes from whether its the tithing account or the business account. But I think if the church made a statement that GAs would draw their living allowance directly from tithing monies donated, it would have a significant effect on how they viewed what they received. Clear as mud?

So YOU don't see a difference, but OTHERS would? And therefore, pay from tithing?

[All-American]

It's probably a big tax write off - as a donation to a charitable organization.

At least I'm sure that's what the angry ex-mo's would say.

I remember being told once that it was structured as a kind of compensation for sitting on various boards of church-owned businesses. That strikes me as not possibly true, but on the other hand, it would not be the most egregious example ever of paying someone tons of money just to have them be a board member.

[HuskyFreeNorthwest]

I remember being told once that it was structured as a kind of compensation for sitting on various boards of church-owned businesses. That strikes me as not possibly true, but on the other hand, it would not be the most egregious example ever of paying someone tons of money just to have them be a board member.

More egregious than what? That's how a lot of boards work.

[Moliere]

For those who care, it's likely the pay is called a living allowance because part of it would be a parsonage, which is reimbursement for housing if a minister/pastor, which amount is not subject to income taxes. I think the old pay stubs that mormonleaks found had a parsonage amount and a normal amount.


Sent from my iPhone using Tapatalk

[Jeff Lebowski]

A true believing Christian would never ever drive a $100K car -- that's all I'm saying.

I know expensive cars are not that big a deal compared to the other conspicuous consumption but it blows my mind the way a lot of my local Church leaders drive ridiculous cars --just such a stereotypical status symbol and depreciating asset. How could you really believe in a literal Jesus and waste that money?

Louis CK is right in with his Killing People with my Car thing and I think about that standup bit every time I see an extremely nice car in the Church parking lot.

What are your thoughts on $150K earrings?

http://www.espn.com/nfl/story/_/id/20163116/julio-jones-atlanta-falcons-loses-150k-earring-lake

[Moliere]

What are your thoughts on $150K earrings?

http://www.espn.com/nfl/story/_/id/2...k-earring-lake

As long as they are only wearing one pair, it's fine. Modesty and all that.

[CJF]

What are your thoughts on $150K earrings?

http://www.espn.com/nfl/story/_/id/2...k-earring-lake

First thing that came to mind when I saw that was that Cardiac was not going to be happy.

[Green Monstah]

First thing that came to mind when I saw that was that Cardiac was not going to be happy.

At the earring has a shot at appreciating in value.

[Jeff Lebowski]

At the earring has a shot at appreciating in value.

Not at the bottom of the lake!

[Green Monstah]

Not at the bottom of the lake!

Hopefully it was insured.

[falafel]

Hopefully it was insured.

Apparently it wasn't, since he was willing to employ a team of divers to search for it. Unless the insurance company paid for that.

[Green Monstah]

Apparently it wasn't, since he was willing to employ a team of divers to search for it. Unless the insurance company paid for that.

Good info. Thanks.

[falafel]

Good info. Thanks.

I sorta feel like you don't think its good info and you aren't really thankful for it.

[Green Monstah]

I sorta feel like you don't think its good info and you aren't really thankful for it.

Super mean post.

[CardiacCoug]

I think I'll read Quinn's new book -- sounds like something I would like.

http://www.sltrib.com/religion/local/2017/10/14/historian-digs-into-the-hidden-world-of-mormon-finances-shows-how-church-went-from-losing-money-to-making-money-lots-of-it/

Quinn estimates — and estimating is about the best even a top-notch researcher can do — the church took in about $33 billion in tithing in 2010, based on a model of projected growth rates that followed a consistent pattern starting in the 1950s. It earns another $15 billion annually, he says, in returns on its profit-making investments. (The Bloomberg Businessweek piece from five years ago cited an investigation pegging the LDS Church’s worth at $40 billion.)
No matter the precise bottom line, these figures represent an astonishing accomplishment, Quinn says.
“It is an American success story without parallel,” the longtime historian says in an interview. “No institution, no church, no business, no nonprofit organization in America has had this kind of history.”
Yet LDS general authorities — from the most senior apostle to the lowest-ranking Seventy — all receive the same yearly “living allowance”: $120,000. Though the church has enormous wealth, he says, none of the leaders is getting rich off it.