Friday, April 28, 2017

Bizz tax cut in half; use your tax shelter

Trump wants 35% to 15% tax rate for bizz; cut your rate too
Wealthy receive most of the benefits from this tax cut that will cost $5.5 Trillion over 10 years. Trump staff claim it will not raise the deficit. Bush II claimed same and deficit up 57%. Corporations are considered to have unlimited speech rights like humans and Trump wants to cut their taxes so they have more to spend on our elections. Your tax rate is closer to 35% all in, but you don’t have the Supremes citizen united decision in your favor. You can’t give unlimited dollars to make sure your policies are followed by your rep in Washington. How is that a fair playing field? If you were a Congress person and your next election was riding on how you treat your donors, who would you listen to?  You, average citizen earning $50,000, or big oil, big coal, big pharma, big agriculture, big banks, big investors? No contest; lobbyists win. Trump will solidify the corporate control of America as a banana republic where “the little people” pay the taxes and the wealthy and corporations take the benefits. Many corporations hide their earnings overseas in complicated tax shelters even the IRS does not understand.
We have only one option.

Don Trump could be a great president
Student loans could be refinanced at 2% instead of private companies charging us 4-8%
Some loans are at a fixed rate as high as 12.87%. Instead of firms and our gov making $ billions in profits on our loans, lower rates could help close the delinquency gap. Since our taxes guarantee profits to these private firms, why not use those funds to lower the rates making the payments less difficult. Trump’s legacy would be a whole generation of thankful students and parents. Many retirees are still paying their kids high rate loans after years; never refinanced to a bank HELOC rate of 2.99%. The future of America’s youth should not be left to the guaranteed profit of the federal government and a few privileged firms like Sallie Mae Bank with Return on average equity of 19.63%.


Wells Fargo created millions of fake accounts—How did regulators miss it?
Are we not surprised that year after year, this big bank could encourage front-line workers to commit fraud? We know why they did it—because “that is where the money is” as bank robber Willie Sutton said. What is a mystery is how did the regulators miss it? 1.5 million fake accounts is hard to hide. Unless senior management and regulators looked the other way on purpose. Actually, the city of Los Angeles sued in 2015 because a customer complained. Finally in September 2016 the new federal regulator CFPB, that Senator Warren championed, the Consumer Financial Protection Bureau stepped in. The bank regulator, Comptroller of the Currency (OCC), did nothing even with 700 whistle-blower complaints as of 2010. The bank’s board did not respond to complaints in 2005, 06, 07, etc. Without Obama’s CFPB, banks and other financial firms could get away with ‘murder’—robbing $5 million in fees for overdraft etc and ruining credit scores for HALF a million customers. Oh and 5,300 employees lost their jobs too.
When the banks control the regulators, called regulatory capture you know it is wrong.
Populist Trump wants to end Obama’s customer protection and leave regulation to the bankers themselves. He will let big banks continue to subvert Dodd-Frank regulations. Prepare for TrumpWorld: https://www.amazon.com/Your-Retirement-Income-Checklist-TrumpWorld/dp/1544703260

Once you have your nest egg, how do you make it last?
If you are nearing retirement and you have built your nest egg, how are you going to keep it growing? Few retirees sit with someone and answer the question, “How will you have enough for 30 or 40 years?” Once you hit 66, you or your spouse has a good chance of hitting age 90. When you spend 4-5% of your nest egg and your advisor has you in “never lose money” fixed investments of 2%, you can do the math—you end up with $0. In 20 years, your fixed annuity or pension amount will be guaranteed but the payments will be worth HALF their value. The IRS requires that you withdrawal a “Required Minimum Distribution” every year so you can pay taxes on your nest egg gains. You face huge penalties if you chose to conserve your nest egg and ignore the RMD. You can ignore your advisor’s choice and take the calculated risk all wealthy people do. They maintain a “balanced” portfolio during their whole time in retirement.
A low-cost (0.08%) balanced fund would have earned 8.77% in 2016 and cost you only $400 on a $½ million nest egg. A balanced account with 60% bonds 40% stocks would have averaged 6% a year even with the losses in 2008. Over the next 15 years, you not only could have maintained your eggs, you could have added some. In a low-cost balanced fund managed by a licensed advisor on salary and backed by the largest mutual fund company in the world, you could have doubled your eggs. You would have enough no matter what happened in the future on Wall Street.
   
Obama’s legacy—history will tell the story of Two Americas
Future generations will look back and discuss what went wrong at the beginning of health care in America using examples. Even now as Congress fights a civil war over the issue of health as a right or as a privilege of class, we can see history in the making. In one state, the premiums are doubling and there is only one provider. In another, premiums are steady and there are 4 providers. In a state like KY, the Dem government embraced the exchanges where thousands got to pick their own quality care for the first time ever. The GOP came to power in 2015 and reversed the progress in people’s health coverage. In other jurisdictions, conservative state politicians blocked care for the most needy from the beginning. Some states were just not going to give the new plan a chance. “I was never for Obamacare from the beginning,” John D. Doak, the Oklahoma insurance commissioner, said. A small business owner feels that the needy receive subsidies and he does not because his income is much greater. Some states ignore ideology and take steps to create the best market for their citizens. Some states control insurer’s rates and plan benefits and don’t let insurers sell junk plans. Now the president is using health care subsidies as a stick to force Dems to vote for his wall spending bill. Under the new GOP health bill, Congress keeps for itself the 10 Obama essential benefits. House Republicans quietly inserted a provision in the latest version of their health care overhaul plan that exempts members and their staffs from the GOP effort to repeal or shred most of the Obamacare regulations and protections, including those guaranteeing Americans a broad array of medical services and restrictions on premium hikes for older and sicker people.

Read this before you file for Social Security, especially if born before 1954
‘The life you save could be your own.’ If you are getting near your full retirement benefit age of 66, or if you are thinking of filing early, read this caution about filing yourself: https://www.benefitnews.com/news/avoid-a-real-mess-on-social-security. Even though you may be in a hurry and don’t want to wait, wait for an appointment with your local office. Why? There are ways for both of you to collect while one of you continues to increase their benefits. Yes, the difference is significant. If you file for ‘restricted’ spousal benefits only, your spouse can collect a spouse benefit and their own at the same time. If you file at age 62 because you are unemployable and she is over age 66 and still working you can make up for your ¼ cut by using her spousal benefit too. When she reaches age 70, she will receive the highest benefit possible. That may be $2,769 versus $1,485 a month. Working together with an SS clerk, you can maximize your benefits. Even if you are divorced, this can work in certain situations. Make an appointment 6 months before you expect to file or by age 62 to see if you qualify. 
 

Would you buy a car that would lose 38% of value in FIRST year?
The famous Jaguar XK costs about $85k. They lost 29.2 percent of their value in the last 12 months. Jag XK are like the 20 cars on this list of cars plummeting in value. Some are ordinary like Chevy Impala and some are rare like the Genesis. Some are losing 38% of value and some are losing the standard 20% in the first year. Style and customer preferences account for the most of the drops. For the value shopper, this makes this list a perfect starting point to deal for a 3 year old luxury ride. A $70,000 car for $20,000 is exactly how millionaires maintain their Working Millionaire status:





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TrumpWorld
We have entered the Twilight Zone:
"There is a fifth dimension beyond that which is known to man. It is a dimension as vast as space and timeless as infinity. It is the middle ground between light and shadowbetween science and superstition, and it lies between the pit of man's fears and the summit of his knowledge. It is an area which we call the Twilight Zone" where “alternative facts” and illusions of conspiracies are lived out. Lies are considered true. Incompetence is praised. Truth is what the loudest voice says it is over and over.  
Rod Serling

‘Trump’ brand is all he cares about—it is all he knows. Staff creates image not policy

Fox and Friends staff moves to State Dept – displaces experienced experts with Alt Facts


Why did The Don pick Exxon’s Tillerson for Sec State? Tillerson after many years of service received the medal of honor from Putin. Putin asked for him?
Exxon’s Tillerson is ending sanctions for invading Ukraine; Exxon wants largest oil field.
Why did Trump pick DeVos, Blackwater’s Prince’s sister after Prince meets with Putin’s man in remote Indian Ocean Island?
Why did Trump pick Flynn, Page, Manafort for his regime?—all are paid foreign spys with ties to Putin. Why would Putin put Flynn at his RT table except control? Why is Jill Stein at the same table? Which table is for Gary Johnson? Flynn paid by Russians.
What happens if the FBI finds evidence of Russian collusion/influence in US?
Trump is not just any old American businessman like Ross Perot. Blackmailed by Putin ?
Will Trump resign or be impeached by 2018?

Trump tax cut for corporations and wealthy class adds $5.5 Trillion debt
The Committee for a Responsible Federal Budget said the plan would probably lead to a loss in government revenue by roughly $5.5 trillion over 10 years.
KS tried cutting taxes to stimulate jobs and just went into deeper debt. Few new jobs created because corps don’t want bad schools, roads, public service, high sales taxes.

Trump GOP budget: GOP cuts programs of folks who have no power to oppose cuts. Cowardly. The Don does not like diplomacy, aid to poor, US environment or culture, finding cures for disease, transportation and education programs. Cuts only the poor.
19 Agencies you may use being cut from American society: The Don does not like Meals on Wheels, Sesame St. NPR radio, Arts, Miners retraining, Seniors volunteers for poor, Americorp youth help poor,  62 in all for $343 billion.
Trump’s budget man wants to cut Medicare and delay Social Security benefits to age 70.

What GOP does NOT cut:
No cuts to subsidies to Boeing, GE, Intel, Nike, Shell, Fiat, GM, Ford, hundreds more.
No cuts to United Airlines subsidy even after rip a paying customer from his seat.

Tax returns do matter for presidents that make deals with foreigners:
Trump and GOP are working to cut their own taxes which average 12% now. Yours?
Americans in 150 cities show up for The Don’s taxes to see how Russia helps him win.
Trump says he is under another new audit so can’t show taxes: continuous audit?
Trump may owe $ millions to Putin’s banks. Trump wanted permit to build in Russia. Trump’s foreign lenders will be bailed out FIRST in the next financial meltdown.



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More Americans say Trump doesn't keep promises: poll Apr 9  Promises broken.


The Don highlights ‘accomplishments’ amid destruction of his many promises.
The Don now says he won’t cancel NAFTA—he used to hate NAFTA

The Don pushing gov shutdown? It costs us $24 billion last time and did no good. The Great Wall of TrumpWorld teeters on private property which must be taken from owners.  
Experts say that drugs are actually shipped through the border on the underside of vehicles that have permits to cross the border in a special lane. Tunnels not necessary!

New report: our habits change the weather—real extreme effects from our climate change

EPA cut makes foul smell in Texas Anti-pollution programs ended; sewage care gone! 

Follow the money: Forget the promises.
Former campaign aides, fundraisers and others with ties to [Trump and Pence] have attracted dozens of new lobbying clients, raking in more than $2.2 million in lobbying fees in the first month of the administration. 

Flynn as paid secret agent while US official
Flynn, as part of the Trump campaign and named security advisor, had access to all US secrets and was secretly in the pay of Turkey and Russian spy handlers. Flynn at Putin’s RT party. He received $530,000. Isn’t this treason? By law a US officer cannot receive money from foreign governments. Like Ben Arnold, he was official of US government while being paid by foreign powers. Flynn is not alone. Other Trump operatives are also under investigation by the FBI for potentially illegal contact with senior Russian intelligence operatives. Donald Trump also has a longtime pattern of open admiration for gangsters and organized crime. FBI is following the Steele memo on Trump activities in Russia. FBI, NSA said Russia sought to influence the election. 35% GOP say didn’t.
Did Trump do a background on his hires? Or were Flynn, Page, Manafort plants under Putin control and leveraged by the Trump scandal hidden in Putin’s video player?
Civilians conspire with a hostile power to end Presidential sanctions against that hostile power we are fighting in Syria and Ukraine. Isn’t this treason?
Flynn was warned not to take money from foreigners when he left Pentagon. Trump refused to give Flynn docs to committee on Russia influence. Coverup? Treason?


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Regulators are the only protection against corporations since we can’t sue anymore

GM ignition suits can proceed. Supremes: Bankruptcy does NOT cancel 24 death claims
Voter ‘fraud’ proven by NC: prosecutors go after 1 ONE of 4.8 million voters. Maybe 1.
Security National Automotive Acceptance caught using illegal debt collection tactics
Supremes say “no” to Trump. Can’t cancel citizenship because I was speeding years ago.
Golden Valley Lending, Silver Cloud Financial, Mountain Summit Financial, Majestic Lake Financial, caught deceiving us
Toyota recalls 250,000 2016 and 2017 Tacoma -- oil leak causes crash.

We need regulation—GOP wrong—companies/cities wouldn’t fix bad products on own
GM killed 124 because ignition switch pin not replaced after knew it killed first in 2006.


Police want gun control.
When everyone has guns; your chance of being killed goes up. Police don’t know who to shoot. They assume everyone has one and shoot first. You and thief have guns. CO schools now allow teachers/administrators to carry guns in the classroom. Kid lesson! Since 2015, police have killed 86 people with realistic looking FAKE guns--suicide?



SCAMS:
One click on an email link and your computer files are closed forever:

Ignoramus Award:
Trump to give National Monuments to corporations for timber harvest, mining, oil and gas exploration.  
Here are perfect gifts for the Trump voters in your extended family

How our government wastes our money:

Where have all the jobs gone?
Why it is hard to change your type of job: $28/hour manual work hard to replace.

Which job board sites are best for your job search?

Cancel Robo calls with Mr NoMoRobo: https://www.nomorobo.com/


Miracle: Our National Parks
If you are 62 or older: Pay $10 for a senior pass and get free entry every day for life. Congress just passed a law raising the cost for seniors. Monuments may be closed soon.

IAN
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