Manipulating Accounting Entries to Save on Taxes
Posted inChristian Stewardship Ethics Executive Insights

Manipulating Accounting Entries to Save on Taxes

This post is part of the Bible and Business series on Christian ethics for Christian Business Owners.  This ethical situation is created when the owner commingles business and personal expenses. As a result, expenses that would normally be personal expenses, such as leasing an automobile, become business expenses that reduce taxable income because the owner owns a business through which the owner can create tax write-offs. Description...
October 3, 2023Posted inChristian Stewardship, Ethics, Executive InsightsTags: , ,
How our Tax System Works
Posted inExecutive Insights

How our Tax System Works

I found this post on the Wall Street Journal site in response to the House Bill Health Care Reform story. Rather instructive, I might add. Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men (the poorest)...
December 18, 2020Posted inExecutive InsightsTags: , ,
Posted inExecutive Insights

The Price of Taxing the Rich Too Much

Probably one of the most insightful articles on why governments have such a hard time during recessions - they tax the rich so much that when the rich's income varies, so does the revenue of the government. The summary is that they have relied too much on the rich to provide too much of their revenue base. Since the rich have the most volatile incomes of anyone in the nation,...
August 8, 2020Posted inExecutive InsightsTags: , , , , ,