Friday, September 8, 2017

Do you pay less than the 12.6% corporate tax rate?

Do you pay less than the 12.6% corporate tax rate?
Corporations don’t pay 35% tax rate: the subsidies reduce it to 12.6%
Average corp rate is 12.6% not 35% while most working people actually pay 33%. Plus many corporations receive subsidies they don’t need like oil and gas, agriculture, and mining. Drug makers sell our drugs around the world for 40-60% less. We pay full price! Corporations don’t make jobs with tax cuts. We make jobs when we spend more wages or tax cuts. But real wages have been flat since 1980s. Some states outlaw wage hikes.
Many corporations don’t pay tax at all. Some hide their money overseas which we can’t. Others like Trump avoid taxes with costly legal loopholes to save $16.7 billions. Corps used to contribute 33% to national revenue; now it is 10%. We make it up.
Ryan wants to end our deductions so we pay more taxes to cover the 1% tax breaks: mortgage interest and 401k retirement money deductions. Ryan will cut Social Security benefits. SS trust fund runs out in 2034. Where are our tax subsidies?


Which of these tax subsidies would you cut: http://www.goodjobsfirst.org/sites/default/files/docs/pdf/UncleSamsFavoriteCorporations.pdf. Here are the largest corporate welfare recipients: https://www.cheatsheet.com/business/high-on-the-hog-the-top-8-corporate-welfare-recipients.html/?a=viewall GOP wants to cut taxes for rich and increase the interest payments on debt to the Chinese? Congress needs to end the corporate loopholes and subsidies necessary to make the code fair? Why give profitable energy firms like Exxon subsidies they don’t need? Why did Trump fail to cut drug prices as he promised? GOP wants to revise tax code to hide the increases for us.

Buffett bet $1million the Vanguard index could beat 5 fancy hedge funds
In 2007 Mr Buffett ventured that the Vanguard S&P 500 index fund would beat five hedge funds selected by Protégé Partners, a specialized asset management firm focused on investing in established smaller hedge funds and select emerging managers, over the next 10 years. Protégé disagreed and the two sides entered into a bet for $1 million. The S&P 500, which is up around 73% since the wager was made, is one of the most popular index given that it invests in the largest of U.S.-listed stocks. Buffett has admitted that rich people don’t follow his advice because they think their managers can beat the index. They think they can do better than the average, maybe because they consider themselves smarter than average. However, as Buffett has said, compounding not stock-picking is the key to success and high costs defeat compounding. Many studies have shown that low-cost beat high cost investing every time.

You can still obtain ObamaCare with premium subsidy
Despite GOP and Trump talk, the law still requires you to have insurance for the year or pay $695 or $2,085 total unless you have an exemption. You may still qualify for the subsidy that can pay most of the premium. Our daughter did not receive health insurance from her job so she used https://www.healthcare.gov/ to find coverage she could afford. Instead of paying $454 per month she paid $134. She could still use her primary care and specialists doctors. Some states did not embrace coverage for all like KY, so your state’s Medicaid may be the only alternative. KY GOP reversed its program despite citizen need. Single payer like Medicare could be 2020 election winner for DEMs.

Is investing in gold right for you?
Panic over Korea, weather, economy, jobs, Russia, Trump, health insurance, and everything else Bannon can think of is driving speculators to bid up the price of gold in every form: bars, ETF, mutual funds, etc. The price of SPDR Gold Shares, the biggest bullion-backed ETF, is up more than 7 percent this quarter, 17% for the year while the stock market has only 10%. If you know what will happen in the future and can sell fast, you should have bought already. Of course, if you think hedge fund managers and rich people know something since they are pushing the price up, then just consider the fact that the market is up 71% in the last 5 years. GLD is down 24%. Long-term GLD may be a way to build some stability into your whole portfolio. Certainly the ETF is easier to own than real bullion. On the other hand, you can balance your portfolio by using low-cost mutual funds in every sector and earn 10-12% per year.

Is your car destined to be sold in the 1st year you own it?
Some cars have such poor quality/reliability/value that they are sold at a higher rate than normal cars. I was surprised by some like Benz and BMW owners but not by others like FiatChrysler. Some were sold at a big loss. Choose wisely by looking as JDPower study. Ten brands that JDPower survey of owners said to avoid with too many problems. Buy the vehicles that the wealthy buy—F150 starting at $25,000.


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TrumpWorld
Goal: Trump brand around the world


Smoking gun: “Our boy can become president of the USA and we can engineer it,” Sater wrote in an email to lawyer Cohen. “I will get all of Putins team to buy in on this.” 
Putin has captured Trump’s patriotism—Collusion with money-lending enemy?

Putin happy with Trump following Obama policy in Afghanistan: Taliban not in USSR
Trump promised to get out of wars: 5,000 sent for another 50-100 years. No way to win!

Trump’s group places mob ties above country; it’s about money POWER not US service.
Russian lobbyists guide Trump crew and GOP on business interests toward Russia.

Trump is still just a mafia contractor from Queens—Dad taught him to be The Don.
Like mob boss, he threatens Senators—his own Attorney General
The Don takes care of his buddies—personal loyalties over law: Sheriff Arpaio, Flynn.


Mobsters don’t call the FBI when Jr doing an illegal deal with fellow mobsters.
Bannon, white racist, US government official, calls KKK “bunch of clowns


Ministry of Truth1984 novel:
Donald Trump said he’d “do everything in my power to protect our LGBT citizens.” Then rescinded protections for trans students in schools and bar trans from the forces.
Trump called House health-care bill “mean,” then whipped votes for passage. ??
Trump told Hispanics “We’re going to show great heart,” then cancels DACA.
We’re dealing with DACA with heart “I love kids! I have kids and grandkids.” ??
Crazy GOP claims liberals fake bad weather so we use radio/media; buy batteries/water?


My Theory:
No one expected him to win so no harm getting Putin help. Don owes Vlad’s mob money so they sent mob gofer Manafort to run the campaign. ‘Colluding’ Putin style.
Why Trump owes Russia so much allegiance. Oval Office, party platform, etc.

TrumpWorld – using presidency to make money the old fashioned way: theft
Trump haul of gifts from Saudis, a stark reversal from his campaign rhetoric.

The whole family including 10 brothers, wives and grandkids get free world travel


Dictator talk time:
“When the president does it, that means it is not illegal,” Richard Nixon

The Don is moving us to a dictatorship where the only people who go to jail are his enemies and non whites he does not like. Racists and nationalists get pardons. If Flynn and Manafort get indicted by Mueller, The Don will just give them a “get out of jail free” card so they don’t rat him out.
Dictators use “back to law and order” to limit rights, fill jails, fund army, follow enemies.
The Don OK’d sale of armored vehicles, large-caliber weapons: KKK would love them!  
The Don’s AG: “crime rampant” creates fear; but “Crime is at historically low levels”  

“The American Union categorically refuses immigration of unhealthy elements, and simply excludes the immigration of certain races.” Hitler, before Jewish race laws.

The president can’t have a conflict of interest.” The Don is above the law?


Quid pro quo: "something for something."
The Don pledged Harvey victim relief: actually given to Christian right wing groups.
Trump is loved by insurers who pay even when no damage to his damage claim.



How many Americans would vote to bring back Obama? He did things we need done.


Regulation is necessary: We need protection. Saves $12 billion of our money!

Supremes will decide if GOP can gerrymander DEMs out of WI politics forever.
Trump just cancelled our right to class action against advisors: Us against 5-10 lawyers!  



Scott Newsholme, Farmingdale, NJ, bilked elderly of $1 million Ponzi-like scheme 
Dawn J. Bennett, Bennett Group, MD caught running $20 mil ponzi scheme  on elderly.
Cops lack respect even for nurse doing her job: no blood w/o permission—Trump effect!
2nd Amend: MI shopper pulls gun over notebook sale: can you kill over last notebook?
Cop shoots photographer setting up for traffic stop shot: need bulletproof vest like in Iraq
EPA killing good common sense programs for ideological no “climate change” words.


SCAMS:
Trump pledged $1 million to Harvey rescue; just like pledge to vets fizzled in campaign.
Autopay hidden charges with FREE sign up mislead us into buying month after month.
Rush claims forecasters media alike were overhyping the hurricane in a bid to juice sales.
Rush gets a rush in his ratings too. Jones has conspirators replacing god for everything.

Jobs:
Deporting 1 million immigrants paying taxes from jobs Americans don’t want.

Who owns your account now?

Miracle:

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