By the time one gets passed housing payments, student loan payments, utility payments, retirement savings, taxes (federal, state, and/or local), real estate taxes (included in rents), etc., is there really 10% left these days?
To do simple math, let’s look at $100,000.00/year (the much aggrandized 6-figure salary). Max deferred comp is ~$18,000.00, so that’s down to $82,000.00. Toss in say ~$20,000.00 per year in mortgage payments and you’re down to $62,000.00. Take federal/state/local taxes out at about $15,000.00, and you’re down to $47,000.00. Toss in student loan payments at about say $10,000.00 per year and combined utilities at about $5,000.00 per year, and you’re down to $32,000.00. Out of that you have food, fuel, medical care, life’s little “Oh expletive” moments, and stuff like that.
Is tithing supposed to include income that is simply reinvested more-or-less in perpetuity? If so, then, people with decent 410K accounts, Roth IRA’s, and regular IRA’s have the nastier position of having more “income” per year that can’t really be touched, but supposedly being expected to tithe a portion of their income.