Friday, March 11, 2016

How Trump avoids taxes we can't

Trump’s real estate business helps him avoid taxes you can’t avoid
When we see his tax returns, it will reflect one to the greatest tax evasion schemes on earth: depreciation. Depreciation on Trump’s buildings let him tell the IRS that his 1978 income was negative by $406,379. The next year, it was negative $3.4 million, according to documents found by Pulitzer-winner David Cay Johnston in casino regulatory files. Trump even gets the NY property tax subsidy. When you are wealthy with your dad’s assets, you can buy a building with little down, (Chinese finance it and get immigrant VISA) and then deduct the interest, maintenance, plus part of its price every year you own it. This can mean you owe no income taxes and you may get a refund. You may even have a property tax subsidy. His Chinese investors get free US visa/residency and access to money laundering. 

Cayman Island financial firm admits it helped wealthy evade taxes
Cayman National Securities Ltd and Cayman National Trust Co Ltd each pleaded guilty in federal court in Manhattan to conspiring with U.S. taxpayer clients to hide $130 million in offshore accounts and evade paying taxes from 2001 to 2011.
In court, Cayman National CEO Stuart Dack said the subsidiaries "engaged in this conduct knowingly and willingly and were aware this conduct was wrong."


The best investments for you
Consider what your investments need to do for a successful future. You may want to earn $100,000 for your kids’ college or start your own business or have enough for your retirement. What is the best investment for you?  Do you trust a broker to pick investments or use your own judgment or get a little help when you need it? This decision is crucial to your success. Best situation would be high earnings without loss at a reasonable cost. Your choices are paying 2% every year for a broker/advisor to pick investments that MAY NOT earn above average returns or paying 0.20% for market average returns of 11%. Studies show the average brokerage account earns just 3.79% while the low-cost market match earns you 11.06%. Take 11% inside Tax-FREE account.

Obama supports gun sales—up 25% at S&W—GOP is wrong about Obama?
Gun maker Smith & Wesson reported revenues rose 61% year-over-year to $211 million, boosted by a 25.3% jump in handgun sales. The FBI’s National Instant Criminal Background Check System (NICS), which is a proxy for demand, surged by more than 25% over the last year, “validating our belief in the long-term growth prospects for the firearms market,” CEO James Debney said. Mass shootings are up: Once a day becomes American habit. Houston robbers get automatic weapons. Chevy trucks help break in. Guns are growth business under Obama—up 600% in 5 years! GOP thrilled!
We are back before Tombstone gun control law forced gunfight over gun control law. Wyatt Earp and Doc Holliday were charged with murder, at first.

Wall Street traders’ jobs gone as automation runs the markets
Algorithms and computer modeling are now used to trade stocks, exchange-traded funds, commodities, currencies, futures and other products. There used to be dozens of specialist firms, as designated market makers were once known, at the NYSE floor. But profits from trading U.S. stocks dwindled, making it difficult to serve as market makers without automation. Although GTS, Virtu, IMC and KCG employ human traders at the floor, their businesses are driven by some of the industry’s most sophisticated computer systems. Floor managers oversee computers. There are no banks serving as market makers at the NYSE floor, completing a shift spurred by the automation of trading over the past couple decades. Trillions of bits and bytes replace people and paper.

GOP of MI decline to help Flint further
After trying to save money by poisoning the water GOP legislature says no more aide to Flint until budget fixed in Oct. GOP are waiting for American tax payers to fix GOP mess for $300 Billion. GOP Snyder blames EPA for Flint poisonings.  

GOP of KS, LA, MI, OK destroyed budget; gave subsidies/loopholes; made deficits
Bobby Jindal, who reduced revenue by giving tax breaks to wealthy, and created new subsidies that didn’t deliver growth replaced by DEM to fix economy. New taxes on poor (sales tax up 25%) will stem deficits—Rich escape increase in income taxes.
Repeat of KS? GOP offered subsidies to business and society suffers. In recent years, Michigan and several other states have also cut business taxes, lowering revenue to the states’ coffers. Jobs didn’t develop. GOP cuts social programs for those who can’t fight back. Some subsidies are taken and business moves anyway: Carrier got $5 million and then moved to Mexico. Some, like GM, just give CEO a bonus.

GOP of KY promised repeal ObamaCare but people like health care
KY is keeping Medicaid expansion of 300,000 insureds and use of HealthCare.gov exchange to buy insurance from carriers. As in IN, GOP added window dressing to ObamaCare to keep citizens well. Gov Bevin seems to have learned firsthand that it was impossible to snap his fingers and make all that go away without upsetting a lot of people. In other words, when Republicans have had chances to put their repeal talk into action, they haven't. People need health care and GOP has no plan.
GOP will keep ObamaCare—it’s really GOP idea


RIP Antonin Scalia—Supremes DO CARE about environment after all!
At Scalia death, Supreme Chief Roberts refused to block an EPA limits on mercury and other pollutants from coal-fired power plants. Last month, Scalia and Roberts had blocked Obama’s climate legislation. Is the tide turning? Obama has interviewed 5 judges to replace Scalia as per Constitution.
GOP wants Trump to name Scalia successor;  but it could be Judge Judy.


GOP religion becomes law in MO
You can now discriminate against anyone you don’t like just by saying the magic words, I have "a sincere religious belief." Your right to break civil law is now in the MO constitution despite the ruling of America’s “highest” court. Our “equal under law” system and the Supremes have been demoted in MO. There is no law for all in America anymore. "Rewriting our state's constitution to condone discrimination would be contrary to our values and harmful to our economy," Gov Nixon said. Logically, GOP religionists will create a state where only their religious beliefs will be allowed. This is called a theocracy, and many people in other countries live under the threat of death for their behavior. MO has taken the first step. Trump says we can’t let Muslims in because they hate us. He wants Mexicans deported. Which group will be next?
In the 1940s, Pastor Niemöller said: “they came first for the Communists, And I didn't speak up because I wasn't a Communist; And then they came for the trade unionists, And I didn't speak up because I wasn't a trade unionist; And then they came for the Jews, And I didn't speak up because I wasn't a Jew; And then . . . they came for me . . .”

Does our President need to be smart and truthful? Do they even care about truth?

FL 2016                       Berlin 1935


Trump: Individual allegiance (swear) to the Leader, not GOP, in FL rally =1935   
            “I think Islam hates us.” We can’t let people who hate us in. Muslims this time!
            “Just watch me build the Wall”—but don’t they use tunnels these days?
            GOP donors: ‘Dictators arose because people did not stand up and say, ‘It’s             wrong to scapegoat minorities.’ … This threatens the fabric of our country.’ 
            3nd reporter thrown to ground/ejected by Trump “brown shirts”
            Protestors beaten: “I will pay for the legal fees if you knock the crap out of 'em.”

Cruz: I won ME so I can take FL away from Rubio.
Kasich: Arnold thinks I am “action hero.” OK Where is Arnold now?

Rubio: “You can’t blame GOP for Flint water poisoning just because GOP in charge.”
            I regret my “penis” attack only because "My kids were embarrassed by it."
            I have not paid my taxes on time for 6 years—poor money management.

            Americans like “socialism” by another name—SS, Medicare, Medicaid, etc
Sanders: American Revolution comes from voters voting out the millionaire Congress.
            KS and NE are conservative states that voted for me: don’t like big wasteful gov.   
            MI independents voted their hearts.
Clinton:  “you sided with the Koch brothers" in NOT supporting EX-IM subsidy but             Clinton’s PAC took $3.25 million from Koch’s “fossil fuel firms.”


Regulators are the only protection we have since we can’t sue anymore
            “It is nearly impossible for one individual to take on a corporation with vast resources.” (GOP bill requires impossible: every person in class action suffer “same type and scope of injury”)
               Supremes stop us from suing—State courts no longer available to sue corporations!

Ford F150: brakes fail 420,000 pickups with 3.5-Liter, 2013-4, says NHTSA.
Michael Oppenheim, JPMorgan, got 5 years stole $20 million; promised to invest it.
4-year old shoots mom with mom’s own gun—guns kill people not people

We need regulation—GOP wrong—companies/cities wouldn’t fix bad products on own

How our government wastes our money
GOP $300 million Flint mess blamed on EPA; MI GOP Snyder likes BIG gov NOW.


SCAMS
Company check—see complaints BEFORE you use a vendor for any financial help.             https://data.consumerfinance.gov/dataset/Consumer-Complaints/s6ew-h6mp
New phishing email scheme from your company executives—don’t respond, call HR.
Snowden: FBI claims that only Apple can unlock Farook’s phone is not true.

Who owns your account now?
Brokers with MetLife Premier Client Group were sold to Massachusetts Mutual Life

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