Apple gets bill for back taxes from Europe
not US
European Commission ruled against Ireland 's
tax dealings with Apple and Dublin will
recoup back taxes. Apple and other corporations have been playing the “move
legal address” game to avoid taxes in the US
and other countries. The EU demanded $14.5 billion and said that a special
scheme to route profits through Ireland was illegal state aid. "Ireland
granted illegal tax benefits to Apple, which enabled it to pay substantially
less tax than other businesses over many years," EU said. As of June,
Apple reported it had left $214.9 billion in foreign subsidiaries so it pays
only 10% to US. Many like Amazon, McDonalds and others hold cash
oversees to avoid taxes which we must make up for. IRS dead. Thanks to budget
cuts, audit rates have
plummeted, especially for the biggest corporations, with armies of savvy tax accountants. Criminal tax prosecutions have
nose-dived, too. No one fears tax man except working people. “Only little
people pay taxes.”
Avoid paying their taxes: https://www.amazon.com/Americas-Socialism-for-Rich-little-people-pay/dp/1535218584
Is investing a fixed dollar amount each month right for you?
You can buy 100 or 1000 shares when your broker calls or you
can set up an automatic fixed amount to invest every month. Which is better
for you (not your broker) over time? If you are on salary, you need to
fix your monthly expenses so you don’t overdraft when you spend. This chart
from BlackRock shows you how to pay the least amount for a security
or mutual fund share over time. Clearly you end up with more shares in a
volatile market when you use “dollar cost averaging.” BlackRock also shows you
why market timing is a Wall Street myth: you miss 5 days—you lose. Tell your
broker to take a hike.
Think of all the commissions and fees you will NOT pay. Give
yourself a bonus:
Are you considering Target Date Funds?
When you decide to invest, the easiest decision is to buy Target Date funds from a large discount
seller like Schwab or Vanguard. But which one? There are many choices of mutual
funds so it is hard. This analysis by Mr Ping makes it easier. http://www.mymoneyblog.com/schwab-target-date-index-funds-review.html
He has laid out the options and costs. You pick a retirement
date closest to your retirement target and you put all your contributions on
automatic. You are done. There is no worry: No market-timing, rotation, or tax
loss harvesting. It is all done for you.
And you can even make it Tax-FREE: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957
Are Vanguard’s low-cost investments right for you?
Vanguard has saved
investors $1 Trillion in fees and charges according to Bloomberg. That
includes forcing the industry to reduce costs for all kinds of investments.
Vanguard’s structure has made it possible to offer the Best
for Less. The investors own Vanguard—there is no for-profit management
company to pay. For instance, the head of Fidelity, Abigail Johnson takes home
$ millions every year no matter how much she makes for you. She is now #16 on Forbes list with
$15 billions. Her daddy "Ned" Johnson III did not do badly
either from your fees. And her grandfather before either. Since cost
is the best predictor of success in investing (not manager longevity), you
may find their offers of index and managed funds, ETFs, and Target Date funds
best overall. Plus, there are no commissions: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
Did your loved one leave you a life insurance benefit?
Like most people, you probably don’t know if there was one
or not. It may be worth your time to find out. Even if it is 5 years old, you
may still be able to claim the benefits. You need to find any records like
check register or checks to an insurer or just their name and DOB and state.
Use the Insurance Commissioners site to learn how to find it. http://www.naic.org/documents/consumer_alert_locate_lost_life_insurance_benefit.htm
The Commissioners are trying to make it easier, especially
given the scandal 60
minutes created when they told us that insurers were pocketing many benefits themselves.
In case you want to know if you still need one: https://www.amazon.com/Life-Insurance-Need-Save-right/dp/1480002178
Vanguard reports the average retirement account toped
$100,000
The average workplace retirement plan balance topped
$100,000, having nearly doubled
from 2008. However, because this includes some really fat accounts that
push the average up, the more likely situation, the median balance, is
just $31,396. This situation is also a result of the stage of the Vanguard
participants. If most are just starting careers, the median reflects this. Many
savers will have time to improve their situation if they use low-cost
stock funds at Vanguard. Studies have shown that allowing their balance to
compound without trading can double it every 7-9 years. Earning 11% in
an index fund not 3.79% in a managed account can create a comfortable
retirement egg and income.
It’s your money—Keep it: https://www.amazon.com/Win-Investment-War-Earn-11%/dp/1522916369
Kelly Blue Book picks best
SUV under $25,000.
Full
List is below. Remember, the 3-year-old version may be a better buy
since they have usually worked out the recalls/wrinkles and 40% off discount
with mileage under 50K. I just got a loaded 2013 Subaru Outback for under
$21,000 (w/ tax title docs) with 54K miles and one owner. It has 100K-7 year
warranty too.
- 2016 Honda CR-V
- 2016 Mazda CX-5
- 2016 Hyundai Tucson
- 2016 Kia Sorento
- 2016 Subaru Forester
- 2016 Honda HR-V
- 2016 Toyota RAV4
- 2016 Nissan Rogue
- 2016 Jeep Renegade
- 2016 Jeep Wrangler
Don’t forget to add the cost of insuring a NEW car: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
What will you do when Social Security runs out in 2034—17
years from now!
The Trustees project that the combined trust funds will be depleted in 2034,
and we can’t count on GOP Congress to fix it. Many seniors will need to go back
to work or ask their GOP-run state reps for a hand out. GOP does not like tax
increases even
to fight diseases like Zika—(they went on vacation). High income people do not pay SS taxes on
pay over $118,500. Some intellectuals want to raise
the retirement age to 76 so fewer collect. They advocate high-cost
annuities to replace SS spousal benefits. So how can we prepare? We can save
and invest for a rainy day, tax-FREE, like the rest of mankind. If you are
near retirement, maybe you should reconsider. If you are going to take it SS now,
check your options first.
Maximize your SS benefit: https://www.amazon.com/Maximize-Social-Security-Benefits-Retirement/dp/1495439224
Supremes ready to exclude black voters in NC—a racist court?
Because Roberts, Kennedy,
Thomas and Alito were willing to overturn NC court’s voiding of voter
suppression measures to exclude blacks from voting, Scalia is being missed by
GOP leaders today. Scalia would have sealed black voter suppression in NC and
perhaps other states. Supremes would overturn a
unanimous panel of the 4th Circuit on July 29 who agreed with allegations
from the Justice Department and civil rights groups that North Carolina ’s bill selectively chose voter-ID
requirements, reduced the number of early-voting days and changed registration
procedures in ways meant to harm
blacks." The Richmond U.S. Court of Appeals found the NC law
unconstitutional. “Upon
receipt of the race data, the General Assembly enacted legislation that
restricted voting and registration in five different ways, all of which
disproportionately affected African Americans.” NC changed vote law after
the Supremes
decided a Voting Rights Act void.
The Supremes (with
Scalia) would have found
discrimination constitutional.
Don’s Apology?: “Sometimes in the heat of debate, and
speaking on a multitude of issues, you
don't choose the right words or you say
the wrong thing. I have done that."
Hill’s Apology?: “I just
followed advice of Colin
and other Sec. State before me.”
Don: Citibank says
if I win it will “cause
global recession”—we need bank shakeup!
My
doctor wrote exactly what I needed him to write—I will be greatest prez
ever
I asked the
Hannity
mob whether “criminal” immigrants get deported. What?
I told you
it’s fixed: foreign
hackers have broken into two state election databases
That 1973 discrimination
suit was a long time ago and I
admit nothing in consent!
Joe Scarborough gets no interviews since
using this tweet: #AmnestyDon
I met with Mexico
to get the Wall started—they pay so they build on their side?
Mexican
pres has compared Trump's "strident rhetoric" to Hitler
and Mussolini's.
I don’t want
to be president, just “listen
to my meaning.” I just used $55,000
in campaign donations to buy copies of my book at full retail price. Boost
my book ratings.
Mike: Don has been
"absolutely
consistent" on how he'd treat undocumented immigrants
Yes, Don’s
plan means even
a Texas high school valedictorian would be deported
Hill: Don is moving
toward “path to citizenship” no
wall, no deportation, no plan.
I only used a few
tax dollars to pay for my server and foundation—no big deal!
Don hired attack
dog Bossie to come after me again—more mud slinging!
Tim: Don has 120 foreign deals going—how
can he deal China if he owes them?
Don may be
house rich, cash poor: we
don’t know his real creditors/obligations.
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!
Investment firms caught making false claims on AlphaSector
ETF—Never
beat Index
TX judge: 3
professors can NOT ban guns from their classes--but more guns=more death
GM
switched to Takata air bags to save money and killed 14 knowing less stable
inflator
Both United
pilots drunk caught after crew alerted police before takeoff—Scots law too!
Caldwell International Securities TX caught letting brokers churn
customer accounts
SC
killed millions of honey bees as part of a spraying program to kill Zika:
who’s boss?
We need regulation—GOP wrong—companies/cities
wouldn’t fix bad products on own
Police want gun control.
When everyone has guns; your
chance of being killed goes up. Police don’t know who to
shoot if you and robber has gun. They Shot
a psych worker with his hands up while on ground. Police shot
black homeowner who reported car stolen in front of house. No “shout out” “police” since homeowner has
gun. They shoot first if black or deaf. Deaf man was fatally shot when he tried to explain in sign. An
Oklahoma mom was arrested after she shot
a man she found in her 16-year-old daughter`s bedroom. OK Police pepper
spray NOT shoot 84 year old mom who didn’t move fast enough in HER home. 11-year
old shoots
another 11-year old playing at home with adults’ gun. Smart
guns can only be used by owner but banned in states by NRA. Guns kill
people.
SCAMS
GM
knew Takata air bags were dangerous and still killed 14, injured 100s—GM
liable?
Don’s Wall is useless: Mexico
police found hidden tunnel from Sonora to Arizona
EpiPen now reformed and wants
$300 “in several weeks” instead of $600
Koch
pushing GOP to stop govt from staying open: another costly govt shut down
9/30?
Cinema where 12 were shot claims survivors
owe $700,000 because they sued Cinema?
Ignoramus Award: Weiner
with his son! in bed sending Xpictures public—needs cure?
How our government wastes our money
$400 billion F-35 fighter jet is the future it’s official testers
have many concerns.
$36 B: “it was clearly premature
to include so many unproven technologies" on carrier.
$18.3 million stolen
by Patent office workers: covered by management and no jail time!
SC
killed millions of honey bees as part of a spraying program to kill Zika:
who decided?
Where have all the jobs gone?
1,100 $16.10
jobs KY making electric motors to $1.75 Mexico —Trump
restores job?
Walmart automates: 7,000 back-office jobs in accounting and
invoicing positions to sales
IAN
41 Watchung Plaza, B242
973.746.2014
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