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.
Pay your fair share: http://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236
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.
Make sure you have enough in the future: http://www.amazon.com/Are-you-ready-retirement-worst/dp/1491002662
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.
UT GOP says some pictures
they don’t like are “a public health hazard.”
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.
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.
Ted: Ted
tells Navy Admiral climate chief why his chart is wrong and Navy disagrees.
It’s a "significant
sacrifice" for me to run for Prez (the pain will be over soon)
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.
. Steven Cohen opens
hedge fund after guilty of failure to supervise insider trader.
.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.
We prop up regimes of hundreds
(184) of countries. Our
total spending.
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.
IAN
41 Watchung Plaza, B242
973.746.2014
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