Why do we pay tax? Should we? How much? The Bible instructs about tax? Welcome to the Tax Episode you have been waiting for and it's finally arrived. Applause.

Key Takeaways:


Taxes are the financial backbone which support essential government services such as schools, hospitals, and infrastructure.


The Australian tax system is progressive – higher-income earners pay proportionally more. This allocation of resources from those who can afford to contribute more can be viewed as a fair system.


Optimising tax payments through eligible deductions and exemptions is encouraged.


The distinction between high earners and rich individuals is crucial, particularly in discussions about tax equity and avoidance.


From a Christian perspective, paying taxes is viewed as a civic duty aligned with scriptural teachings which emphasise honesty and respect for governing authorities.

Notable Quotes:


"Taxes are the price we need to pay to live in the kind of world that we want." - Pete Burrows


"A fair amount is what's correct... calculated within the laws." - Pete Burrows


"I think tax is a privilege." - Pete Burrows


"The Bible strongly indicates that paying taxes is necessary, 'giving to Caesar what is Caesar's'." - Ben McEachen

Join the Money: Faith and Finance Group on Facebook here!

We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode. 

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Why do we pay tax? Should we? How much? The Bible instructs about tax? Welcome to the Tax Episode you have been waiting for and it's finally arrived. Applause.
Key Takeaways:
<ul>
<li>
Taxes are the financial backbone which support essential government services such as schools, hospitals, and infrastructure.
</li>
<li>
The Australian tax system is progressive – higher-income earners pay proportionally more. This allocation of resources from those who can afford to contribute more can be viewed as a fair system.
</li>
<li>
Optimising tax payments through eligible deductions and exemptions is encouraged.
</li>
<li>
The distinction between high earners and rich individuals is crucial, particularly in discussions about tax equity and avoidance.
</li>
<li>
From a Christian perspective, paying taxes is viewed as a civic duty aligned with scriptural teachings which emphasise honesty and respect for governing authorities.
</li>
</ul>
Notable Quotes:
<ol>
<li>
"Taxes are the price we need to pay to live in the kind of world that we want." - Pete Burrows
</li>
<li>
"A fair amount is what's correct... calculated within the laws." - Pete Burrows
</li>
<li>
"I think tax is a privilege." - Pete Burrows
</li>
<li>
"The Bible strongly indicates that paying taxes is necessary, 'giving to Caesar what is Caesar's'." - Ben McEachen
</li>
</ol>
Join the <a href="https://www.facebook.com/groups/moneyfaithandfinance">Money: Faith and Finance Group on Facebook here!</a> We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in a future episode. 
Pete Burrows is an accountant for small business and individuals with <a href="https://www.lrf.com.au/">Lower Russell and Farr</a> in Penrith, Western Sydney, Australia. Ben McEachen hosts <a href="https://hope1032.com.au/programs/hope-mornings/">Hope Mornings on Hope 103.2FM</a> in Sydney, Australia.

Money: Faith & Finance explores the profound and practical of everyday finances. In every episode, we explore the real-life impact of everything from superannuation to stewardship, the World Bank to your wallet – and what does God have to say about money?

Welcome to the profit, loss and real balance sheet of wherever money intersects with you.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Money: Faith &amp; Finance explores the profound and practical of everyday finances. In every episode, we explore the real-life impact of everything from superannuation to stewardship, the World Bank to your wallet – and what does God have to say about money? Welcome to the profit, loss and real balance sheet of wherever money intersects with you.
Pete Burrows is an accountant for small business and individuals with <a href="https://www.lrf.com.au/">Lower Russell and Farr</a> in Penrith, Western Sydney, Australia. Ben McEachen hosts <a href="https://hope1032.com.au/programs/hope-mornings/">Hope Mornings on Hope 103.2FM</a> in Sydney, Australia.

Money: Faith & Finance

Listen to more from our Hope Podcasts collection at hopepodcasts.com.au. And send the team a message via Hope 103.2’s app, Facebook or Instagram.

This podcast is not offering financial or investment advice. It's always best to do your own research and to consult a professional financial or investment advisor before making any financial or investment decisions.

Listen to more from our Hope Podcasts collection at <a href="http://www.hopepodcasts.com.au/">hopepodcasts.com.au</a>. And send the team a message via <a href="https://hope1032.com.au/listen/#apps">Hope 103.2’s app</a>, <a href="https://www.facebook.com/Hope103.2">Facebook</a> or <a href="https://www.instagram.com/sydneyshope1032/">Instagram</a>. This podcast is not offering financial or investment advice. It's always best to do your own research and to consult a professional financial or investment advisor before making any financial or investment decisions.

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