Tag Archives: taxes
As a financial professional I work with people newly retired, nearing retirement, or hoping to one day retire accumulate assets, preserve assets, and protect assets. It’s a job involving comprehensive financial planning, asset management, and budgeting. All of the parts have to work together to make sure someone doesn’t outlive their money, among other things. But all this planning can be brought to a screeching halt for one reason:
I live in the “wealth creation” world. Part of my objective is to help people create and maintain assets that will allow them to live life the way they desire. It’s what all of us in the financial services industry seek for our clients on a continual basis.
One notable difference for me is that, as a Christian, I am constantly seeking to integrate my faith into my work and be “light and salt” to those I interact with. Many believe that wealth and religion are segregated. The thought persists that our finances and our faith have nothing to do with one another. Nothing could be farther from the truth.
In recent years more Christians have begun to understand the just how intertwined their faith and their finances really are.
The question that arose in conversation is whether taxes are appropriate or whether they are theft. Some subsequent conversation is whether Christians should stand against taxes and oppose any form of taxation or dutifully pay our taxes.
There’s one perspective that says: the Bible says theft is sin, taxes are theft, and therefore taxes are sinful.
Though this is a simplification of the position, it is a good summary and starting point for the discussion. This position says that God never ordains taxes and never gives the government authority to impose taxes. Because all authority is derived from God and God never gives explicit authority to impose taxes, taxation is theft. And since theft is a violation of God’s moral law (10 Commandments), any government imposition of taxes is theft and should be opposed.
It’s not surprising to me that at the top of the list of ways to ruin your retirement is to have too much debt. And, unfortunately, I see this a lot. Debt is a burden that will suck the life out of retirement. It will prohibit you from doing the things you really want and keep you awake at night. And, debt will keep you working far longer than you would like.
Other retirement killers include…
While answering questions before the legislature last week, West Virginia Attorney General Patrick Morrisey reiterated that West Virginia currently allows abortion for any reason up to the moment of birth. Controversy erupted last summer when Morrisey, in response to a lawsuit filed against the largest abortion clinic in the state, announced that his office would conduct an investigation into current abortion laws in the state.
The results of that investigation is that Morrisey has concluded that West Virginia does indeed allow abortions for any reason up to the moment of birth. In other words, West Virginia currently does not regulate the abortion industry operating within its borders. In fact, tattoo studios and hair salons are subject to more regulation than abortion clinics.
Morrisey told the legislature:
A recent article explains: “If you live in a state that did not vote for Barack Obama for president, chances are your rates are going up more than if you reside in one that did vote for him. According to pricing analysis by the Heritage Foundation, premiums for 27-year-olds rose an average of 78 percent on Obamacare exchanges in Republican states. But premiums for those same young adults in states that voted Democrat rose by only 50 percent.”
Experts say this could be due to the fact that lightly regulated states – red states – will now be under heavy regulation, causing prices to rise more than already regulated states. But however you look at it, the fact is, prices are rising, coverage is shrinking, and no, you can’t keep your plan or your doctor. And if you oppose abortion you will still have to pay for it unless your state blocks that part of Obamacare.
For those of us in West Virginia, our state makes us pay for abortion with our taxes through medicare and will do the same through ObamaCare. While most of our elected officials claim to be pro-life they continue to force us to support the abortion industry in our state. Click here for original article.