Ben carson proposed a tax plan based on the bible

Assignment Help Taxation
Reference no: EM13995097

1. for this article I post the link, can you write a short summary of what the article is about. It can be up to 4 to 5 sentences. Just to explain to students what the article is about and they can respond.

https://www.dailyfinance.com/2015/03/09/if-you-dont-pay-taxes/

2. This article I'm posting below was posted by a fellow student, I just need a substantive response to this article(it can be as long as 4 to 5 sentence).

I found an interesting article that discusses Ben Carson's proposed tax plan in more detail.

https://www.slate.com/articles/business/moneybox/2015/10/ben_carson_s_tax_plan_is_based_on_the_bible_good_lord.html

Ben Carson's proposed tax plan is based on the principle of tithing which is discussed many times in the Bible. Carson seems to be pointing to God's notion of fairness as a means of determining who should pay taxes and how much they should pay.

The basic idea is that people should play a flat percentage of their income, and that today's deductions and loopholes should be eliminated. He sites that such a plan would be inherently fair and simple.

His simplistic tax plan poses a lot of questions. Should we be taking him literally and looking towards the Bible in terms of attaining tax fairness?

The fact is that biblical taxes were established for the specific religious purposes at the time, and it was never intended to give us insight on our modern, secular tax system. This article discusses many of the issues with Carson's plan and how taxes discussed in the Bible are not really applicable to today's society.

All religious beliefs set aside, do you think that taxes should be based on fairness, and if so, does Carson's flat tax tithing plan make sense for us today? And is it fair?

I think that one of the issues that we have today is determining what should be considered income. Part of the reason we have this complicated system is that we have to account for the many ways that people earn and spend money.   In addition, I think we have learned that we need to have complex tax provisions that promote the social policies we deem necessary for our country.

Okay, let's assume we did move to a flat tax/tithe systems where everyone pays 15% tax on their income...

What about the individuals that are in economic strife? The Bible says that such persons in economic strife should be relieved of their burden to pay. So, how do we determine who those people are?

I am kind of surprised that Ben Carson thinks this a good plan for our US tax system.  Carson appears to be a very detailed and pragmatic type of person, but this flat tax plan doesn't seem to be very detailed or well thought out.  I'm sure many of us would be happy to change the tax system, and maybe many of us want it to be more simplistic or have a higher degree of "fairness", but really?

Let me know what you think. If you agree with Ben Carson's plan in some ways please let me know why. What could we do to solve of the potential issues?

Chodorow, A. (2015, October 30). Ben Carson Proposed a Tax Plan Based on the Bible. Good Lord. Retrieved November 9, 2015. 

Reference no: EM13995097

Questions Cloud

Prepare the appropriate journal entries for the deposits : Determine the liability for refundable deposits to be reported on the December 31, 2011, balance sheet.
Recent tax fraud case : Write a 2 page paper on a recent tax fraud case. Try to find a case involving an individual verses a corporation or other business entity.  Explain how the taxpayers were cheating, how they got caught, and what punishment was imposed on the citizen. ..
The following selected transactions relate to liabilities : On December 15, received $7,500 from Bradley Farms toward the purchase of a $98,000 tractor to be delivered on January 6, 2012.
Prepare an income statement for the year ended december 31 : Prepare an income statement for the year ended December 31. Prepare a retained earnings statement for the year ended December 31. Prepare a balance sheet as of December 31. Based upon the end-of-period spreadsheet, journalize the closing entries. Pre..
Ben carson proposed a tax plan based on the bible : 1. for this article I post the link, can you write a short summary of what the article is about. It can be up to 4 to 5 sentences. Just to explain to students what the article is about and they can respond.
How much revenue will circuit town recognize : What liability for unearned revenue associated with gift card sales would Circuit Town show as of December 31, 2011?
What is firms total revenue and what is the firms total cost : With current technology, suppose a firm is producing 800 loaves of banana bread daily. Also assume that the least-cost combination of resources in producing those loaves is 5 units of labor, 5 units of land, 4 units of capital, and 1 unit of entrepre..
All individual tax returns are based on a calendar year : 1. DISCUSSION - In the US, all individual tax returns are based on a calendar year.  (Individuals can elect a non-calendar year - but it is rare).  Tax returns are due April 15th of the following year.  For ease of processing, should the IRS move to ..
Shifts demand and lowers the equilibrium price : An increase in supply produced, all other things remaining the same: A. Shifts demand and lowers the equilibrium price B. Increases supply and lowers the equilibrium price C. Lowers the equilibrium price only D. The effects on demand and supply are i..

Reviews

Write a Review

Taxation Questions & Answers

  Taxable income

Determine taxable income before considering expense.

  Prepare a tax research memo

Prepare a tax research memo to the file that addresses the issues you feel are most relevant to Mimi's various issures.

  Income by ordinary concepts

Explain what is meant by income by ordinary concepts

  Identify the tax issues

Identify the tax issues that are raised and the relevant sections of the legislation. Identify any cases and other sources of law or information that apply.

  Calculate carolines taxable income

Calculate Carolines taxable income

  Taxation – law and practice

Show the tax issues that are raised and the relevant sections of the legislation.

  Payment to the taxpayer

Brief statement in your own words of the facts of the cases.

  Prepare regular corporation tax return

Prepare the C Regular Corporation Tax Return for the Lawson And Norman Enterprise

  Taxation law

Advise the participants in the ‘barter' system of the income tax implications, if any, of participating in the system.

  A tax on cigarettes is a good way of raising tax revenue

Discuss- A tax on cigarettes is a good way of raising tax revenue for the government

  Prepare the required journal entry

Prepare the required journal entry to record the tax expense

  Calculate barbs taxable income

Calculate Barb's taxable income? What nonrefundable credit is Barb eligible for based on the information you have?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd