Friday, April 20, 2012

Tax-FREE Retirement?


Will you be paying more tax in retirement?

Your Social Security is taxed—Up to 85% of your benefits are taxed. If you will have over $34,000 ($44,000 joint) in income from 401ks, pensions, annuities and IRAs, your benefits are going to be taxed. You may end up in a higher tax bracket in the future.  Now may be the time to increase tax-FREE income while you still can.

Use our Tax-FREE Retirement NOW so you can spend less on Medicare, which is priced on your income. Only $12.95 at Amazon: https://www.createspace.com/3852782 by our Insider Law Steeple.



Obama paid 20.5% tax on his income.            What did you pay?

Romney paid under 14%. If the capital gains tax is 15%, how did he do that? How does Buffett pay just 17%?


You can use the rules like they do. Build Tax-FREE wealth:  http://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236



Do you want to save?

79% of people say they would rather have $500 dollars to spend five years from now than $50 to spend today, according to a survey. But that requires an investment earning 50% a year—NOT POSSIBLE legally. Members expect $100 to be worth $10,000 in the future using a tax-FREE financial system with low-cost mutual funds earning 10-12% a year. Building wealth takes patience. http://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466/



MT health insurance rates spike

Federal health officials have labeled as "unreasonable" a 15 percent rate increase this year by one of the larger health insurers in Montana's small-group and individual market.

Yet the company said Friday it disagrees with the determination, and is going ahead with the increases, Assurant Health of Milwaukee said. Federal and state officials have no authority to stop the increase. All you can do is fire them like Romney but that assumes there are cheaper alternatives. Where is the public option?



GOP out of control?                Signals to the crazies to take action?

Santorum donor asks, Are Obama's 'Teleprompters Are Bulletproof'?

Is this the call to arms for the gun-toting vigilantes in Texas and Florida?



MI allows bikers to go helmetless      Live free or die?

GOP reverses safety law of over 50 years. Insurers and hospitals gear up for more business.



Where do special interests stand on ObmaCare?

Drug companies do not appear to be looking forward to having to go back to the drawing board on health-care reform if the landmark legislation is somehow struck down by an upcoming Supreme Court decision.

Doctors And AMA Split Over ObamaCare. Physicians treating Medicare beneficiaries receive 81% of the rate private insurers pay. For Medicaid patients, reimbursements are even lower — just 56% of the private rate. In 2009, underpayments to hospitals amounted to $36.5 billion.



Romney’s plan

"I'm going to probably eliminate for high-income people the second-home mortgage deduction," Romney said, adding that he would also likely eliminate deductions for state income and property taxes as well, according to NBC's Garrett Haake.

“I will send a lot of what happens in Washingtonback to the states."

Eliminate the Department of Housing and Urban Development, downsize the Department of Education. Romney’s plans are hidden away—not fodder for Dems to use against him.



Do you need a prepaid credit card?

Pay no monthly fee and no reload fee or no ATM fees. Your choice for emergency or your student book buys or safety (no cash carry)?




SCAMS

Wealthy have already figured out how to avoid new taxes!

The highest-earning U.S. households have ways to escape President Barack Obama's Buffett rule or other measure with tax-planning techniques that would limit their liability. Those affected taxpayers could take advantage of tax-free investments such as municipal bonds to escape the Buffett rule's bite. Their tax rate—the one they actually pay—fell from almost 30 percent in 1995 to just over 18 percent in 2008, according to the Internal Revenue Service.

Wealthy also use complicated borrowings that never get repaid, netting the beneficiaries hundreds of millions in tax-free cash. Frank McCourt paid no income taxes for years. Executives with company shares borrow against them, invest, pay tax later with gains.

RE partner wants out: he has firm borrow cash he needs, invest or hides from taxes.

Leave future stock earnings to the kids and escape the estate tax with a GRAT.

“Freezing” the value of an estate, so taxes don’t eat up its future appreciation.

Stock options allow executives to calibrate the taxes on their compensation much later.

Using, but not unloading, underwater stock shares to adjust your tax bill when you want.

An investor can sell property without actually selling—or incurring taxes using partner.

PUA cash value life insurance loans provide tax-avoiding benefits.

Converting traditional IRAs to Roth IRAs. Future accumulations tax FREE.

Executive’s deferred-compensation plan can mean decades of tax-free growth. http://www.businessweek.com/articles/2012-04-17/how-to-pay-no-taxes-10-strategies-used-by-the-rich?campaign_id=yhoo



Here we go again?                  Too Big To Fail bankers use us as backstop to save them

Credit default swap (CDS) spread movement and liquidity for Goldman Sachs, Morgan Stanley and Bank of America is showing elevated pricing risk, according to Fitch Solutions in its latest earnings commentary.



If Washington could just stop the bleeding

Fraud, waste and abuse cost the Medicare program $48 billion in 2010. The health care industry has begun incorporating the latest technology from the banking industry to catch fraud, waste and abuse earlier. “Have you ever gone on a spending spree only to get a call from your credit card company that same day to make sure your card wasn’t stolen?” Stubbers asked. “In the same way, health plans have begun detecting claims that might be out of the ordinary to stop fraud before it happens.”

Fed takes the 5th after scandal of wasting our tax money

We paid for an October 2010 Las Vegas conference that cost $823,000. The regional executive who hosted the Western Regions Conference, Jeffrey Neely, invoked his Fifth Amendment rights and his chair remained empty the rest of the House Oversight and Government Reform hearing. He could face a criminal investigation. He got a $9,000 bonus for it too. His boss resigned and fired another without getting money back.



Who owns your account now?

Edelman Financial to Lee Equity Partners

Old Mutual mutual funds to Touchstone Investments



IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014





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