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Mac Hammond: "I would almost welcome an IRS audit"
Pastor Mac Hammond acknowledged Sunday that he is well-compensated by Living Word Christian Center, and affirmed many of the charges against him, but justified his financial dealings with the church, saying "If I don't understand the principles that govern increase, I can't preach them."

Rhetorically, he asked, "Is this a self-serving message? Not at all."

In a detailed and often defiant hour-long sermon, Hammond claimed that his dealings with the church have been directed by scripture and by God, and that God's "Holy Ghost siphon" was directing money from sinners to his church, and to him.

Hammond took pains to note that he "[chose] not to believe the media is abusing its authority," adding that "They're going to have a hard time figuring out what kind of church we are." However, he was harshly critical of the idea that "spirituality and materialism don't go together."

"It takes wealth, folks, to establish God's covenant on Earth," he said. "It takes money to buy airtime. It takes money to be influential. If you have no money, you can't even love, because love is about giving and not being a burden."...

...Hammond characterized $1.9 million in personal loans as "simply vehicles of compensation used by the board," and said he had paid all loans back by 2005.

He also defended his purchase and subsequent lease-back of airplanes to the church, saying the demands on his time from other churches meant that "The only way we could [visit other churches nationwide] was to have our own airplane."

Hammond acknowledged that he was leasing the plane back to the church for more than he was paying monthly for the plane, but said the lease had been established at "fair market value," and allowed him to take advantage of tax breaks for depreciation on the airplane. He also said that the money he made on the deal was simply part of his compensation.

Hammond also chided the media for claims that the church had purchased him two condos in Florida. "I don't own two condos in Florida. That is an inaccuracy. Better than that, I own two houses, Amen!"

Hammond said he had made the purchases as "investments," and claimed that the property value had doubled. He made similar claims about a hangar purchased by the church.

Hammond defended himself against charges that he was being greedy, noting that he was "the largest contributor in the history of this church." He claimed that since 2001, he and his wife have donated $2 million to the church.

But Hammond was unapologetic for earning a significant salary from the church.

"I am very, very well compensated. God has provided for me in a way that is super-abundant," he said.

Hammond closed with a carefully calibrated shot at the media.

"I believe the media wants to tell the truth. But the media has such a power over public opinion that it can be a real temptation to manipulate the truth just enough to serve an agenda."

Hammond closed his sermon to a standing ovation, and the passing of the collection basket....