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Pope Leo Could Face Big Tax Bill

Fortune: “As an American citizen, Pope Leo XIV could be required to file a tax return with the U.S. government, and his tax liability may reach six figures. Because the U.S. taxes its citizens on their worldwide income, Leo will need to file a return, with some additional details based on the bank accounts he controls as head of the Vatican, unless the U.

S. makes an exception for him or he renounces his citizenship, experts said.”

“As pope, Leo XIV is entitled to a salary of 30,000 euros, or about $33,000 per month, which puts his annual earnings at about $396,000 per year. Unless given an exception, the first American pontiff may have an estimated tax liability of $135,287, which includes both federal and self-employment tax, based on his salary.”

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