Friday, April 22, 2016

Go to the games and avoid taxes

Another way wealthy avoid fair tax share: go to the games
The wealthy are watching their favorite sports team as owners. They avoid paying their fair share of taxes. With a $1 million paper loss at a sports team, they might shield from taxes a real $1 million in profit from their regular business. They could own many rental properties and a car dealer. After they have spent years writing off their real profits with paper losses, they can sell their interest and use the profits to buy another paper “loser.” Since they are not an employee, they avoid the payroll taxes that the average citizen must pay up to 33% of income. They live on capital gains and loans from their portfolios and end up paying under 18% like Buffett, Romney and Kerry. You may even avoid taxes altogether like Trump did in 1978-79 due to depreciation on properties.


GOP voted our taxes for Trump convention riot gear and Flint water disaster
We pay $50 million for riot gear so GOP can have a Trump convention in Cleveland. Our tax dollars will pay $300 Billion to fix GOP mistakes in Flint. GOP will NOT pay to protect all of us from Zika infestation and vaccine. Ryan had said he wanted to get ahead of the crisis but changed GOP priorities. GOP wants no regulations yet tax payers have to clean up the mess they make. Inciting hate and lead in water are manmade crises.
KY and KS will close schools and highways before reinstate tax on wealthy. NJ and KS will default on employee pension obligations before reinstate wealth tax. Wealthy avoid paying their share of society costs so they have more in the future.

GOP votes to end Fiduciary Rule in first month
The House has taken the first step to eliminating Obama’s mandate that retirement plan advisors always put their clients’ financial interests above their own. They have also prepared to file documents in support of industry lawsuits in the federal courts. This move comes as the industry has already watered down the original Rules and delayed full implementation. Currently, advisors can provide products/advice that meet a lower standard (suitability) and may be very costly to clients. The industry does not want to give up the lucrative “transfer of 401k assets” business to the not-for-profits like TIAA, USAA and Vanguard.
Use the most cost effective alternative for your money: http://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275



Are hedge funds right for you … even for your pension?
NY just told its hedge fund managers to sell their country homes and jets. NY joined CA pension funds in dropping these expensive Wall Street tricks after some lost 18% in two years. Any long-term investment must rely on real dividends and gains not on complicated hedging strategies that gain from gambling on quick return tricks. The fact that a hedge manager may make a brilliant move one year or two does not predict future brilliance. Rather it shows that luck may be the real source of outsize returns. Long-term returns are created by buying and holding solid companies at the right price. Warren Buffett has earned 19.7% on average since 1965 by doing just that.
Since you can’t know the future, use unbiased advice: http://www.amazon.com/Buffett-Bogle-Holy-Bible-Investment/dp/1523693045

Are Vanguard mutual funds right for you?
Vanguard took in more deposits than all others COMBINED in March. Is Vanguard, which is owned by its depositors, right for you? Like most shoppers, Vanguard knows that costs matter. Forbes proved it. If I pay TEN times the cost of investments for nearly the same result, I am going to lose eventually. For instance, my broker manages all my money in one account. The actual investment vehicle also has its own charges. My total charges are 2% per year. I don’t mind when the return is 20%. However, when I earn only 6%, the 2% cost really hurts. That 2% over my whole life of investing can lower my total by 63%. That means I give up HALF my retirement money to my broker!
The Vanguard Top Ten earned 11.5% NET to us over time: http://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X


60 Minutes reveals life insurers may keep your benefits—cash it in now?
April 17 program shows how they may legally pay your money to themselves and drain your life policy of cash value. Regulators have not been able to close or change some insurers because loopholes in law. Even when insurers know beneficiaries are due the benefits, they keep the money. Kemper says your money belongs to them legally. You may have a benefit waiting and you won’t be notified. Insurers don’t have to tell you and so will keep your benefits. If you wish to leave a legacy, life insurance may NOT be the best way to do that. You can leave money to our family a safer way. When you leave securities in an account, they inherit tax FREE just like life insurance.

GOP Religionists make TN next “genitals” inspection state and RCC immune
TN GOP delays a bill that would require students in public school grades K-12 and higher education institutions to use the restroom that corresponds with their sex at birth. GOP said corporate threats and competing protestors had nothing to do with the delay action. GOP will push schools to carry out monitor programs on their own. One gay student said the legislation would “legalize bullying” and “stigmatize and humiliate” transgender students.
Meanwhile, GOP states have blocked sex abuse victims from suing priests and the bishops that hid crimes. Not a single bishop has been called to account by the tribunal, which itself remains more notional than real. Despite Francis pledging accountability, nothing has happened.
Religionists have protected their powerful supporters and are growing the 2nd largest religious group—the nones.

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

Don: New advisors to GOP “Trump just playing a “part”: new mask vs Hill
            The election rules must be wrong since I don’t understand them.
            McCain, Romney and many GOP elites will skip convention.
            Drug lords skip Don’s wall and go under it
            My advisors are the best influencers in the business. Thank god for lobbyists.

            It’s a "significant sacrifice" for me to run for Prez (the pain will be over soon)
            “I am a Christian—NOT American—first.” False profit or theocracy?

Paul Ryan: I emailed you to ask what you think [and keep me in mind for the future]

John: You can avoid rape by not going to parties (alcohol is at every party). Stay home!
            I promise GOP will be defeated if Cruz or Trump stand for Prez.

Hill: I don’t have to ask Bern to drop out—he has no chance now since Indies can’t vote.


50 people pay for HALF the election money spent—we don’t know if they are Americans

Teas everywhere! London mayor cut Obama for his father’s anti-colonialism of GB.

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!

.FL bans medical bills from surprise non network docs/procedures added later.
.Pentagon lied to Congress on sexual abuse cases. Prosecutions stall.
.Schools are buying assault rifles despite chance of missing single shooter.
.Dmitry Fomichev, Davit Gasparyan, T3Leads, caught making bad deals with lenders.
.Wall Street execs forced to give back bonus when their schemes go bad later on. 
.VW agrees to buy back tricked-out diesels. Suits abound in future.
.2 year old shoots self with mom’s gun: but “guns don’t kill, people do”


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


How our government wastes our money
FBI wasted over $1.4 million for hacker to open Farook’s phone—hacker says nothing!
1/3 of Army and Air facilities are eating up tax dollars not to mention bad defenses. Our             “reps” get election dollars to keep wasting taxes despite Pentagon’s plan to save.

SCAMS
Secure devices don’t exist: In this 60 Minutes story, hackers are able to exploit SS7             system to get into your phone, listen in, and use your camera to watch your acts.  
All cloud data can be tapped without your knowledge—no legal review needed.
Trucker pension contract promises may be voided by Congress and Obama


Who owns your account now?
J.D. Power, the rating firm, to XIO Group, Chinese investors.

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