Ben Carson, a candidate for the Republican nomination for President, has changed his ideas about the annual income tax.
He now states he favors a Flat Tax. What else is new for a rhetorical Republican? But, he now states his Flat Tax would be 15 percent with all deductions and loop holes removed. He originally stated 10 percent with closing of loop holes and removal of deductions.
That means as a young person coming out of an Associate Program as a nurse, would have at approximately $30,000 or more per year. The federal income tax under Ben Carson's 15 percent would be $4500 per year. That is a lot of money. Add to that state income tax, state unemployment and/or temporary disability tax, add on SSI and Medicare and what is left from an the salary of an ambitious student?
Ben Carson also states, even with the 15 percent federal income tax that leave the current government funding short by $800 billion. That is the difference between an expected federal budget of $3.5 Trillion and the amount the Carson Flat Tax would bring in. That doesn't even touch the national debt.
Now, let's say President Obama's plan for Community Colleges removes tuition, there is still a debt for loans to pay all the other costs. So, a newly graduated and newly employed American will have student loans to pay along with their tax burden.
One of the reasons student loans are under attack is because students don't have a chance to save part of their income in order to purchase a home. So, in contrast to Donald Trump's tax plan, Dr. Carson has no empathy for the low income and working poor. Donald Trump wants to provide a zero federal income tax up to and including $50,000.
The difference between the Carson Flat Tax and that of Donald Trump is a lot of money for the lower income American. In the case of $50,000 income that is an increase to their take home pay of $7500 annually. That is a new car payment and a savings account for the purchase of a home.
There is no doubt the working American would prefer not to be taxed until they break into a strong salary over $50,000. The Trump tax plan provides a breather for the poor and lower middle class. It will provide a better quality of life for Americans, including toys for the kids if they have or start a family.
He now states he favors a Flat Tax. What else is new for a rhetorical Republican? But, he now states his Flat Tax would be 15 percent with all deductions and loop holes removed. He originally stated 10 percent with closing of loop holes and removal of deductions.
That means as a young person coming out of an Associate Program as a nurse, would have at approximately $30,000 or more per year. The federal income tax under Ben Carson's 15 percent would be $4500 per year. That is a lot of money. Add to that state income tax, state unemployment and/or temporary disability tax, add on SSI and Medicare and what is left from an the salary of an ambitious student?
Ben Carson also states, even with the 15 percent federal income tax that leave the current government funding short by $800 billion. That is the difference between an expected federal budget of $3.5 Trillion and the amount the Carson Flat Tax would bring in. That doesn't even touch the national debt.
Now, let's say President Obama's plan for Community Colleges removes tuition, there is still a debt for loans to pay all the other costs. So, a newly graduated and newly employed American will have student loans to pay along with their tax burden.
One of the reasons student loans are under attack is because students don't have a chance to save part of their income in order to purchase a home. So, in contrast to Donald Trump's tax plan, Dr. Carson has no empathy for the low income and working poor. Donald Trump wants to provide a zero federal income tax up to and including $50,000.
The difference between the Carson Flat Tax and that of Donald Trump is a lot of money for the lower income American. In the case of $50,000 income that is an increase to their take home pay of $7500 annually. That is a new car payment and a savings account for the purchase of a home.
There is no doubt the working American would prefer not to be taxed until they break into a strong salary over $50,000. The Trump tax plan provides a breather for the poor and lower middle class. It will provide a better quality of life for Americans, including toys for the kids if they have or start a family.
One of the criticisms by Pope Francis at the World Meeting of Families of the American financial pressure on young people, is that they postpone marriage and the start of a family because of the amount of money they have to save for the wedding. When is that going to change so young people don't just live together, but, actually get married for a perfect match they have found? Living together is not a relationship recognized by the Catholic Church. At the best there is a decision of Palimony by the American legal system if they split up.
We have to ask ourselves what pressures are Americans under that prevents them to live honestly within their religious practices. The government, society and private enterprise should not be working against them. Today they are and that has to change.
While on the subject of the oppression of the poor and low income Americans, there is this:
The political right wing wants to end abortions. Really?
The FACTS to end abortions lies in the ability of a woman to secure contraception. Poor and low income women often can't afford contraception.
The highest numbers of abortions are among the poor and low income women. Now, who was it exactly that wants to end abortions?
Unintended pregnancy (click here) rates have increased among poor women while they have declined among higher-income women.
Source: Finer LB and Zolna MR, Unintended pregnancy in the United States: incidence and disparities, 2006, Contraception, 2011, 84(5):478–485.
While on the subject of the oppression of the poor and low income Americans, there is this:
The FACTS to end abortions lies in the ability of a woman to secure contraception. Poor and low income women often can't afford contraception.
The highest numbers of abortions are among the poor and low income women. Now, who was it exactly that wants to end abortions?
Unintended pregnancy (click here) rates have increased among poor women while they have declined among higher-income women.
Source: Finer LB and Zolna MR, Unintended pregnancy in the United States: incidence and disparities, 2006, Contraception, 2011, 84(5):478–485.
