Welfare for the rich
Six programs cost us $133
billion in government benefits plus tax breaks for wealthy like 2nd
home in Switzerland
and reduced
tax for hedge fund owners. Total is $355 billion—far greater
than the cost of food stamps ($74
billion) for poor. And the immigrants Trump will deport will cost us $100
Billion in Social Security funds—They can’t claim. Add in the loss of funds
because anyone making more than $118,500 pays
no more SS taxes but gets the benefits. : “ and the pursuit of happiness.. . by
and for the rich”
Get your tax breaks: http://www.amazon.com/Tax-Free-Living-2012-strategies-build/dp/1477452702
Another wealthy tax evasion scheme we pay for—Family
foundations
Consider: You pay
yourself $225,000 a year with expense account to fly
all over the world. Your job: give money away. And the nice part is your
business pays
NO tax on income and you live the high life. Officially called ‘philanthropy,’
this business’s income goes untaxed so the rest of us must pay to support it
and its employees. 86,192 foundations held $715 billion in assets and
distributed a record $52 billion in 2012. On average, the 2014 assets increased
11 percent over 2013 levels.
Live on your own tax-FREE trust income: http://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441
50,000 wealthy Americans given amnesty for tax evasion—NO
JAIL
Gov uses “sting” ops to try to catch evasion schemers but
thousands use fake
“complete corporate structures and merchant accounts to individuals and
businesses to conduct their financial affairs in a private, secure, reliable,
and tax-free environment.” They get credit card from offshore bank to spend
their $2.2
million laundered cash.
You can use a legal IRS trust: http://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236
Insurance and mutual fund costs have fallen—Save
$3,000 every year
In the last 15 years, the average costs of most financial
products have declined but many of us don’t shop so we don’t benefit.
Unfortunately, our agents and advisors rely on us overpaying on stuff they sell,
so they don’t tell us. Big ticket
items like mutual funds are the worst offenders. I used to pay Fidelity over
$4,000 (1.2%) a year. Now I pay $698 (0.2%) a year. I have found that my retirement
funds are $500,000 greater because of
that one change. I can get my rep on the phone quicker now too.
Is paying an advisor to stop you from making mistakes really
worth it?
Every advisor and Wall Street employee will swear that the
reason to pay an advisor to help manage your money is so that when a crisis
comes, you are saved from disaster. New research by J.
Ping shows that this is not true. He compared accounts of clients with and
without advisors and found the opposite. You
are better off leaving your money with low-cost fiduciaries like Vanguard. Morningstar
and DALBAR
research proved this maxim again in 2014 with 30 year annual return of 3.79% a year for advisors vs. 11.06% for
non-advised index funds (1983-2014 QAIB).
Buffett says buy and hold, period: http://www.amazon.com/The-Warren-Buffett-Millionaire-snoring/dp/1508887381
Is a state run 401k plan right for you?
Make your own plan for free: http://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976
Our next president? Jeb
still leading in the race (for dollars)
Fiorina is "not prepared" to talk about “reforming”
Social Security or Medicare NOW!
Huckabee thinks there's a law that 'black people aren't
fully human'—Send
history books
Trump thinks we pick prez as Entertainer-in-Chief by
“facial” beauty—Send
him mirror
If he
deports immigrants, we
lose $100 Billion they pay to Social Security but can’t claim.
Jeb wants to put Margaret Thatcher, the former
British prime minister on the $10
bill???
Jeb has Wall
Street’s Goldman at his back: top 1
percent get 10 times his plan benefits!
Tax plans of the rich and famous FOR the
rich and we pay—We end up paying more! Christie feeling
sorry for himself—“stop reading newspapers” Nobody proved nothin’
Autism
is NOT caused by vaccine in its present schedule despite GOP fear-mongering
Perry quits—but still
under indictment
Need medical procedure—check cost first
Costs of upper back MRI can cost $400 or $1200 in NYC. Get
three estimates: http://clearhealthcosts.com/
College with the highest graduation rate, salaries, lowest
cost?
A new site, www.collegescorecard.ed.gov, focuses on affordability and
supporting all students who enroll. It highlights groups of schools that do
particularly well in metrics like graduation rates, cost to low-income
students, and salaries of graduates.
GM gets away with 124 murders—no jail time for anyone
Everyone claims it was not their responsibility. At least
124 deaths were directly linked to ignition switch that cost $0.57
to replace. But not one employee had the B___s to say “we have to do the
right thing and fix it.” Stockholders—that is, us, via our mutual funds—pay for
the fine. GM got off cheap compared to Toyota .
“You shouldn’t get probation when hundreds of people have been killed or
injured,” said Laura Christian, mother
of 16-year-old Amber Rose, who was killed in a July 2005 crash in Maryland .
For GM, it’s just the cost of doing business. No one takes responsibility. Others
pay the price.
Can your car be hacked?
Most cars with computers/network connected can be hacked according to recent research. "It takes a lot of resources, money, and you have to be an expert. I am not concerned that someone will take over my car,” according to one.
Most cars with computers/network connected can be hacked according to recent research. "It takes a lot of resources, money, and you have to be an expert. I am not concerned that someone will take over my car,” according to one.
Gov. Jerry Brown says "there is more to come." The number of fires in
the state this year tops 6,000 — up 1,500 from last year, officials say. 10,000
people evacuated.
Snowpack getting low—more snow please
The Sierra Nevada snowpack is at its lowest
level in more than 500 years. "We were expecting that 2015 would be
extreme, but not like this," Valerie Trouet, paleoclimatologist, University
of Arizona
Why? Tax deductions?
Ringo selling John’s
1964 Rose-Morris Rickenbacker ?
Janis Joplin’s 1965
Porsche 356c 1600 Cabriolet is expected to fetch more than $400,000
SCAMS
We are still wasting $8 million per HOUR we
don’t have in Iraq/Afghan/Ukraine.
Rebuild America
We
trained and equipped ISIS leadership—US arms fighters on all sides for profit
Residents of Okinawa object to tens
of thousands of U.S. troops and military sitting there
Pope complains people “friend” him aggressively—welcome to
The New World
"I have felt used by people who presented themselves as
my friends and whom I hadn't seen more than once or twice in my life. They
have used that to their own benefit.”
You can thank Mark Z.
Greedy men put our safety at risk?
Option-laden executives have been found to make unwise food
and drug product safety decisions. The study, “Throwing Caution to the Wind: The Effect
of C.E.O. Stock Option Pay on the Incidence of Product Safety Problems,”
concluded that “C.E.O. option pay was associated with both a higher likelihood
of experiencing a recall as well as a higher number of recalls.” “Options
could be making C.E.O.s ignore the downside potential of some of their
actions.”
Auto industry too: GM killed 124 people and lied about
ignition switch. No jail time.
White collar crime pays -- No Jail Time
Paul Ricky Mata, David Kayatta and Mario Pincheira as Secured
Capital Investments, Logos Wealth Advisors, Lifetime Enterprises and Logos Real
Estate Holdings, and formerly advisors for Ameriprise
stole money from investors after promising them ‘indestructible wealth’ as part
of a religion-based, $14 million real estate scheme. They had been previously
sanctioned by a state regulator for making guarantees. Mata has an “extensive
disciplinary history.” In 2014, California
suspended his license. No indictment, no jail though.
World Law Group stole $67 million from 21,000 for an alleged
debt
relief scheme.
Jason Mogler Investment Roadshow of Scottsdale is
charged with stealing
$17 million.
Jaspen Capital Partners CEO Andriy Supranonok Ukraine
hacked news service press releases and using the information
to make millions have agreed to pay $30 million.
Jeffrey B. Rubin, Pro Sports Financial, defrauded clients in
a casino project. No jail.
IAN
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973.746.2014
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