Comment by graemep
10 months ago
Two things:
1. Does the Pope have significant personal income? 2. Does, which what I think you are getting at, the law apply to a head of state?
10 months ago
Two things:
1. Does the Pope have significant personal income? 2. Does, which what I think you are getting at, the law apply to a head of state?
> Does the Pope have significant personal income?
Monthly income for pope US$32,000 equivalent.
> Does, which what I think you are getting at, the law apply to a head of state?
I don’t know if he will exempt as head of state, but as ordinary US citizen he will be paying taxes to US as his income exceeds FEIE exemption threshold.
I am not sure that is correct. Different sources show very different amounts.
The $32k seems suspiciously close to the monthly €2,500 reported by other sources multiplied by 12.
There also seems to be some confusion between the assets and income of the pope and the papacy.