Who does NOT pay taxes?
44% of Americans
don’t pay income taxes. The best way is to be really rich: take all your income
from tax-FREE muni bonds, Roth IRAs, South Dakota income
trusts and other tax evasion tricks only the rich can afford to set up.
Many rich and over 2/3
of corporations have enough tricks to pay less tax than working-class
Americans—under 15%--like Apple, Warren Buffett, Mit Romney, John Kerry and
many members of Congress.
You don’t think they
got to be millionaires and billionaires by paying the legal IRS rate of 39.5%,
did you?
The only people who
pay the rich people’s rate are average workers like Warren Buffett’s secretary.
Her tax rate was 36%
not counting her pension dues. http://abcnews.go.com/blogs/business/2012/01/warren-buffett-and-his-secretary-talk-taxes/
The poor don’t pay
tax. Their wages are so low that the Earned Income Tax Credit (welfare) and
child-related tax breaks offset what they owe. Another way is that your wages
are so low that you are under the minimum society says you need to survive: in
2013, the minimum are $10,000 for single individuals, $12,850 for heads of
household and $20,000 for married couples filing a joint return. Many seniors,
especially women, receive less than this from Social Security and savings.
You can avoid taxes
legally at low cost: http://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466/
1st class
postage went up 4.7% in 50 years—how is your savings?
In 1964, postage was
5 cents. In 2014 it is now 49 cents. Postage went up in price like everything
else. Are your savings keeping up with inflation? Did your bank savings grow at
4.7% over this period? If not, you lose purchasing power and can’t afford a
stamp. If you were investing $100 a month in the stock market during that time,
you would have about $4 million today. It is TIME that makes money grow. Start
now: http://www.amazon.com/Best-Long-term-Investment-its-tax-FREE/dp/1492117455
Insurer now offers
‘sign up by text’
New quick enrollment from the Principal Financial enables
individuals to sign up to save for retirement in minutes with a text message.
"One of the easiest ways to save for retirement is through an
employer-sponsored retirement plan, yet the biggest hurdle is simply getting
individuals to sign up," said Jerry Patterson. "We know people have
good intentions, but while many eligible employees say they are going to take
action, many of those same employees don't. By making the process quick and
convenient, we're able to battle inertia and get individuals to start saving
right away." Typically, insurers provide the highest cost mutual funds in
employer plans—ING, HSBC, Principal and Prudential are noted: http://www.fundsupermart.co.in/main/fundinfo/worst_Funds.svdo
Most funds don’t beat their low-cost index equivalent
Morningstar reported
that 79% of large-cap mutual funds lost out to the S&P 500 Index. Low-cost index funds have the largest amount of
investor funds and show consistent 10% plus returns long-term. Vanguard’s 500
Index costs 0.05% and has provided 11% average annual return since 1976. With
modern investing, the best costs the least: http://www.amazon.com/Internet-Money-Smarts-More-Less/dp/1493643223
Youngest woman
billionaire
Sheryl Sandberg’s fortune surpassed $1 billion today after Facebook’s stock
closed at a record high, making her one of the youngest billionaires in the
U.S.
Small cars are dangerous—one is ‘acceptable’
The smallest cars on the road carry the biggest injury risk
in a common and deadly type of crash, a report released Wednesday reveals. Only
one of 11 small city and minicars passed the Insurance Institute for Highway
Safety's small front overlap crash test in which a car hits a barrier with the
front driver's side corner at 40 miles per hour. Chevrolet Spark is the only
car with ‘acceptable’ rating. The worst
performer was the Honda Fit, which earned a "poor" rating in the test
along with five other models and all but one of the rest were
"marginal." Thus, Spark is the only one in the group to earn
the IIHS
Top Safety Pick designation. However, there are safer cars for the money.
Supremes may kill union memberships
Home-health workers want the court to hold that permitting
the unions to collect fees for representing non-members—the so-called “agency
fee”—violates the First Amendment.
At least four members of the Court seemed ready to reach
that “radical” result. The fate of public employee unionism in the nation
seemed, by the end of the argument, to lie in the hands of Justice Antonin
Scalia. Ouch. Unions negotiate benefits for non-paying and paying members.
Non-payers will get free ride until unions fold. Membership is already falling
and losing political power. Is this the end?
Employees reduced to part-time to avoid ObamaCare
Target said it will end health insurance for part-time
employees, joining Trader Joe’s, Home Depot and other retailers that have
scaled back benefits in response to changes from Obamacare.
Shopping ObamaCare plans important to reduce premiums
A recent survey of plans demonstrated a wide range of deductibles
and out-of-pocket cost caps called “stop-loss” amounts for similar plans.
In order to demonstrate the range of cost-sharing within
each health plan tier, HealthPocket examined the lowest to highest deductibles
and out-of-pocket caps for the new Affordable Care Act health plans
in 34 states. In three of the four health plan tiers (bronze, silver, and gold)
HealthPocket saw deductible ranges spanning thousands of dollars among
insurance policies belonging to the same category. The largest range was within
silver plans where the lowest deductible recorded was $0 and the highest
was $6,250. The smallest range was among platinum plans where the lowest
deductible was $0 and the highest was $1,000. Buy only what you
need: http://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083/
SCAMS Why are
we still paying $700 Billion a year
for WWII deployments?
We are paying for 164,253 of our active-duty armed personnel
to be in 150 countries around the world. We have about 50,000 in Japan
and 50,000 in Germany .
Are we preparing for WWII again? There are 1,208,083[1] personnel
in the United States .
Our taxes pay for about HALF of the WORLD’s military expenditures
every year.
No unemployment insurance for the uninsured
Congress maintained their lobbyists’ favorite pipelines
after Christmas but not for those laid off by the outsourcers and “job
creators.” House Republicans counter that they have approved legislation they
say would spur job growth—cut tax and regulation on toxic spills and raise the
deficit.
"You see a mentality among the Republicans and their
leadership that basically says when people are down and out and need a helping
hand, we're not going to give it to them because they're lazy, and the only way to get them up off the couch and
away from the television and off to work is to stop sending unemployment
checks," said Senate Majority Whip Richard Durbin, D-Ill.
Congress put itself back on the couch and took a week
off after 1 week back. Great jobs!!
Can Congress stop taking paychecks for no work and pay for
unemployment benefits?
Here is the money to pay for unemployment benefits!!
The IRS still held an estimated $917 million in unclaimed federal tax
refunds for 1 million workers who didn’t file taxes in 2009.
Boss gives himself a raise despite bad behavior
Despite the legal troubles that JPMorgan Chases faced in
2013, which amounted to more than $20 billion in fines, Jamie Dimon, the bank’s
chairman and chief executive, is getting a raise.
Most of the unemployed could do that job! Get $20 billion
fine and ask for more pay.
Taking responsibility by NOT
Freedom Industries, responsible for the chemical leak that
left portions of West Virginia
without water for days, filed for Chapter 11 bankruptcy. So much for taking
responsibility by “Freedom” industry execs. “Freedom” owes more than $2.4
million in unpaid taxes and roughly $4,000 in unpaid unemployment
compensation insurance. It appears that the officers have been FREE from
responsibility many times in the past. http://online.wsj.com/news/articles/SB10001424052702303819704579316951855899732
How do criminals get lines of credit for this operation?
IAN
41 Watchung Plaza, B242
973.746.2014
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