Friday, July 17, 2015

Wall Street trick deal cost US $560 million in taxes

Wall Street trick deal cost US $560 million in taxes
Accordia Life (Goldman Sachs) has avoided $560 million in taxes that we will have to pick up from just one deal in buying annuities of Athene née AvivaUSA (fmly UK’s Commercial Union). Some people bought annuities which are supposed to be backed by real bonds/securities but are now backed only by promissory notes from one subsidiary shell back to another. Aviva, Goldman and others have taken out billions of real cash leaving $1.7 billion to cover for the $7 billion required by insurance law. They use empty shells (captives) and tax havens and smiling state “regulators” to evade taxes. There are probably thousands of deals like this which cost US over $1 Trillion—adding to deficit.  
Don’t pay the insurance companies’ taxes: http://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441


Compounded Cash: Save 40% with your self-funded “bank”
How do the wealthy double their funds every 10 years?
How do they buy airplanes and villas for 40% less?
The wealthy know something you don't know—compounded cash. They put their money to work so they don't have to work. They invest in growing companies selling everything from oil to watches. Each of their $100 investment checks turns into $1,500 over time. They pay $24,000 for their $55,000 vehicle; $2.2 million for their $4 million mansion. Learn how to pay less: http://www.amazon.com/Compounded-Cash-Save-your-Self-Funded/dp/1515066096/


Do you use the Buffett investment strategy or your broker’s? 
Average investors earned just 3.79% using a paid “advisor” while investors holding low-cost index funds (0.05%) earned 11% since 1983. Dalbar.com QAIB
Buffett wrote: “We continue to make more money when snoring than when active.” Berkshirehathaway.com/
"My wealth has come from a combination of living in America, some lucky genes, and compound interest."
“The stock market has a very efficient way of transferring wealth from the impatient to the patient.”
Our Impatience: That’s how Wall Street gets the big bucks (from us):

Are you contributing enough to your pension to live to age 85?
Know your numbers—don’t rely on brokers/advisors that get paid to sell. Use the Buffett strategy to reach your goal: Maximize your pension. The 2nd video shows you how much you will have in the future given the amount you add monthly, the number of years, and the average return on your investments. You estimate your Social Security benefits and add your current accumulation at work or IRA. The answer is translated into the inflation-adjusted amount you can receive in retirement. Interactive so you can change your future income now! https://youtu.be/8UoyLwlatN4


New cars buyers are most satisfied with these cars?
Kia, Hyundai, Lexus, VW, Corvette, Honda, Dodge made the list this year. Some are even affordable.
Qualify for discounts when you shop for new vehicle insurance: http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634


DEM crazies
Bernie says “Jeb’s wealthy donors have contributed over one hundred million dollars to his Super PAC. This is not a democracy. This is oligarchy.” A few wealthy people run the country for their “life, liberty and pursuit of their happiness.” Not ours. Billionaire benefactors have bought up the private sector and in 2016 they may buy a presidential election. It happened in 2000, it can happen again. Supremes could throw election again
Bernie thinks he can win just because people showed up for his rallies and more people (NOT corporations) have contributed to his campaign than to any other candidate running for president, Democrat or Republican. Crazy!

College tuition assistance bill
America’s College Promise Act of 2015 proposes $3 worth of federal aid for every $1 invested by a state in order to waive community college tuition and fees for eligible students before other financial aid is applied. 
GOP will never approve of kids going to college for FREE like they, the Congress people did. Most got full “scholarships” to Ivy League via “connections.”

Will GOP let Obama try peace with Iran?
“Trust but Verify” R Reagan said.
"Every path to a nuclear weapon has been cut off," President Obama declared in Washington. Addressing critics in Congress and Israel who say Iran can't be trusted to honor the agreement, Obama said the deal is not just built on trust but "on verification."
GOP wants to bomb Iraq, Iran, Syria, etc etc.
Should we give peace a chance? We can always go back to sanctions and bombing.

GOP crazies
Trump has “debate” slot but Donald doesn’t debate--Trump is a shouter/boss. “You’re fired!” He threatened drug lord El Chapo and got a threat back.
Can you see him as commander of the millions of nuclear weapons?

GOP and Obama agree—both speechless—deficit down 14%
Our budget deficit shrank by $52 billion, or 14 percent, during the first nine months of the 2015--tax receipts grew faster than spending, the CBO said. GOP stopped hitting Obama on economy.

Jeb is right?—we already work longer hours FOR LESS MONEY
Working 70 hours vs 60 (1969). http://www.bls.gov/opub/working/data/chart17.txt The $4.03-an-hour rate recorded in January 1973 has the same purchasing power as $22.41 would today. http://www.pewresearch.org/fact-tank/2014/10/09/for-most-workers-real-wages-have-barely-budged-for-decades/

OK GOP calls food stamp recipients animals
Defying the gospel message of “I was hungry and you gave me food”, OK Republicans posted to Facebook their message: help people and you make them animals.

TX Gov asks Guard to still monitor invasion/takeover by US Army
McCarthy-style fear factor gives GOP power to keep money flowing to defeat Obama (“Hitler”) and their own ‘government’ threat: Army to “launch psychological operations to infiltrate society. Others maintained tunnels would be built to move troops and arms for surprise attacks on civilians.”
Hard to believe that people believe this stuff. Just like in the 50’s when GOP McCarthy used the label “communist” to stir fear among Americans. He called Lee J Cobb, Aaron Copland, Zero Mostel, Henry Morgan and Edward G Robinson ‘commies.’  

Is a Zero percent auto loan right for you?
Sounds too good to be true. You think you can get a great new car and NO finance charge too. The catch: no more than 10 percent of people qualify. The point is to get you sold—at any price. You have high payments because you get 3 years not 6 to pay. Dealer will make up the interest cost with add-ons and extras you might have received free before. If you have great credit, you might receive more in the cash back with your credit union loan. Get a bank loan approval first so you have leverage with the car you really want. Actually, the best deal may be getting your loan on a higher value car that has already proved defect-free—used luxury. Save up to 40% on a 3-year old model luxury hybrid version. Value = quality at the right price: http://www.amazon.com/Buy-Value-financial-services-groceries/dp/1489513078


Buy Value and smile all the way to your new home
You could pay $500 a month for your vehicle but over 6 years that could grow to $50,000—a home down payment. Here are the Cheap COOL Rides: Toyota MR2, Alfa Romeo Spider, Mazda Miata, Mercedes CL500, Dodge D150 truck, Mercedes ML430, Toyota Tacoma, Mercedes 300SD.

Government program may offer better mortgage rates
Unlike conventional mortgages, you don’t have to have great credit or a long credit history to qualify. In most cases, you can even get a USDA home loan with a small down payment – or no down payment at all — as long as you don’t have considerable assets to your name. And unlike most low- or no-down-payment mortgage programs, you don’t need to be a first-time home buyer to take advantage of USDA loans. Not for city lots: http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

FREE phone plan?
Sprint offers to connect you with your old smartphone or new one with $0 cost in return for you watching adverts when you get a call. Might be right for you if you need car emergency phone only. There are some reviews of the service at http://frugalcaller.com/ringplus-review/
Try it for FREE:  https://ringplus.net/

ObamaCare is a hit with insurance salespeople
The Centers for Medicare and Medicaid Services estimates that more than 77,000 brokers and agents assisted with enrollments on the federally-facilitated marketplace in year two open enrollment, up 46% from the year prior. About 6.6 million U.S. taxpayers paid a penalty imposed for the first time this year for not having health insurance, about 10% more than the Obama administration had estimated – though a portion didn’t need to.


SCAMS           Can we afford to keep paying $700 Billion a year for WWII deployments? That is 27 cents of each dollar in taxes—the largest part of our money—and we aren’t even at war. We could pay off our debts and fix our schools, roads and bridges! 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.
We are spending $8 million per HOUR on our wars in Iraq/Afgan

The War on Terror requires special forces attacks on top terrorists at their homes like Obama’s al-Amr May14 Abu killIraq proved converting a nation to Western-style republic doesn’t work. The troops we trained ran away, left our stuff. Training and more stuff for what? Former Saddam army now ISIS. We are wasting $4 billion a year on Afgan tribal rivalries; paying ransom to Al Qaeda; supporting corruption with our money.

We are building another military base for Japan at Henoko. Air Force Gen. Ronald Fogelman admitted that the Marines “serve no military function there. They don’t need to be in Okinawa to meet any time line in any war plan.”

Are we preparing for WWII again? There are 1,208,083[1] armed personnel in the United States. Our taxes pay for about HALF of the WORLD’s military expenditures every year. We have wasted $398.6 billion so far on the F-35 program—they can’t fly safely.
We just can’t afford to pay for everyone else’s defenses anymore.
Japan, Germany and S. Korea can pay to defend themselves.

GM murdered 114 people but not even indicted
The official death toll from faulty ignition switches they knew about in General Motors small cars has risen to 114. GM has made “compensation” offers to 245 other victims’ families. NO ONE is going to jail despite the cover up!

Honda Finance caught charging you more
Honda’s past practices resulted in thousands of African-American, Hispanic, and Asian and Pacific Islander borrowers paying higher interest rates than white borrowers for their auto loans, without regard to their creditworthiness. As part of today’s order, Honda will change its pricing and compensation system to substantially reduce dealer discretion and minimize the risks of discrimination, and will pay $24 million in restitution to affected borrowers. 

IAN
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MontclairNJ 07042
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