Ben Carson took a different path than his fellow GOP candidate when it comes to federal tax code.
According to washingtontimes.com, Carson is "advocating for an overhaul of the federal tax code that includes eliminating every tax deductions on the books - including for mortgage interest payments and charitable givings."
Carson is still not presenting a detailed document of his proposal but he said that he supports "flat tax on individual income of somewhere between 10 percent and 15 percent" which has the same principle in some Christian churches "where parishioners are encourage to contribute 10 percent of their income."
Carson's rivals including Trump, Rubio, and Cruz have different proposal as they meant to preserve the deductions in mortgage interest payments as well as for charitable giving. Also, Bush, Christie and Paul have the same proposal of keeping the deductions on the federal tax code.
Carson said in a statement "They will have so much more money in their pocket, they'll be easily able to pay their mortgage. What they don't realize is that there were lots of churches in America before 1913 when the federal income tax went into place and as people have more money in their pocket, they will actually put more money in the plate when the tithe comes by - not less. It is not going to be a problem."
In a report by forbes.com, Tim Worstall, a contributor to the site, said that Carson's taxation plan must be "lauded" as it can help a lot of people in saving money. He said "He [Carson] said explicitly that he would eliminate the mortgage-interest deduction and the tax break for charitable contributions, which, combined, will save Americans over $100 billion this year. Those are among the most sacred of the sacred cows of the tax code, and most other candidates aren't daring to touch them."
He said that Carson's vision on the new federal tax code must be applauded as mortgage interest deduction is "the third rail of the American tax system but it still needs to go because it's a horrendous distortion in that tax system."
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