30% of middle class households
could see tax increase
Hey, someone has to
pay for corp tax rate drop. 30% of households with income between $150,000
and $300,000 would see a tax increase. That’s the analysis by
the nonpartisan Urban-Brookings Tax Policy Center
Avoid the new tax: https://www.amazon.com/Tax-Shelter-Americans/dp/1500426520
Did you get your
reward?
I signed up for a
credit card but thought I did not receive my reward of $200. Turned out it is
bunched together with my purchase rewards cash back. Now I don’t know if I can
use the $200 to pay my bill because the redemption threshold is $250. I will
have to charge more to earn enough to use the rewards. Other
cards have their ‘mouse type’ too so read carefully.
They got me card charging: https://www.nerdwallet.com/blog/credit-cards/cant-find-credit-card-rewards/
Lower your income
tax using Trump’s “pass-through” rate
GOP and Trump are
creating a new
tax rate category to reduce the taxes the very wealthy pay. Instead of the
39% or 35% individual rate, smart business people are taking their income
through a “pass-through” company
with a 25% rate. “Most hedge funds, private equity funds, law, consulting, and
accounting firms are partnerships,” they note; “these businesses can be large,
global enterprises.” About one-fourth of all pass-through (LLC) partnership
income is earned by finance, real estate and holding companies, and another 13%
by law firms. For instance, Chrysler is now Chrysler,
LLC. KS tried this trick in 2011 and then revenues plummeted, creating a
budget crisis. The state repealed the pass-through carve-out in June. Gov
Brownback left town. If you have a business, you may be able to deduct many of
the expenses that you currently have and reduce
your total tax liability just like Trump does. The GOP plan would cut
Medicare by $470 billion and Medicaid for the poor by $1 Trillion. People
will literally “die
in the street” and all so the
10 most
disappointing cars
Fiat Chrysler and
Nissan brands accounted for eight of the 10
most disappointing cars. Most of us are looking for a specific
benefit—reliable, eye-popping, cheap, quick, space, luxury, convenience, long-lasting.
Check if other
owners have been pleased with their purchase to get some idea how a model
gives us what we are looking for. Sometimes we don’t care about benefits car
marketers think is important. For instance, Jeep has poor reliability but who
cares if we impress our friends on a camping trip off road. For others, they
don’t mind overpaying for the name plate; hey, it’s just money. Marketing
pros know that we get tired of our rides pretty quickly and so it does not have
to be reliable for long—3 years is tops. If our payment plan is for 5 or 7
years, so what we will trade it in for whatever we get on the next model. On
the other hand, a reliable cheap mode will save us money over 5-7 years and we
can use the money for other things.
Ask for all your
discounts: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
GOP religionists now
control child and women’s health decisions
Trump is allowing
more employers to opt out of providing no-cost birth control to women by
claiming religious or moral objections. The new policy is part of religionists
wish to end Obama's Affordable Care Act provision. The vast majority of
companies have no qualms about offering birth control benefits through their
health plans. Human resource managers recognize that employers get an
economic benefit from helping workers space out their pregnancies, since
female workers are central to most enterprises. Religionists
wish to control behavior they don’t like. They think preventing pregnancy
with contraception is NOT a way to curtail abortion and unwanted children. Religionists
feel under attack but they are in control. Congress just cut CHIP—health
care for poor kids—and perhaps this too helps GOP religion control poor kids so
they cannot survive.
Use Fact-based
Investing not fantasy investing
You now have a
choice: buy profitable company stocks at
cost using the largest fund firm with licensed reps and FREE planning
tools OR trust your salesman to give you hot tips.
Fact-based investing not fake facts
from Wall Street marketing!
You pay no
commissions or fees so you keep more of your money. If you are a long-term
investor, you avoid giving up 63% of your potential accumulations because of
charges.
First fact: John Bogle, founder of Vanguard Group, the largest
mutual fund firm, found that over 50 years of the normal 2% fees on your
portfolio, you can actually end up with 63% less than you could have earned. It
is simple math: your money earns 7% but the advisor, firm and trading/timing
take 2%. Instead of $1.4 million at $250 a month you end up with only $670,000.
The average managed-account equity investor earned just 3.79% a year over 30
years ended 2014. Inflation was 2.7%. The market benchmark returned
11.06%. We can invest in a fund that tracks the benchmark at the low cost
of 0.04% and so earn 11% over time. We can eliminate any current or future
taxes on the growth of our
money as it compounds in a tax-advantaged retirement account. No advisor or
computer system has proven to beat the market returns over time. Use facts to
grow your account: https://www.amazon.com/Fact-based-Investing-first-million-hardest/dp/1977574270
How much retirement
income will you have?
Does your advisor calculate
how much retirement income you will have? How do they calculate the amount? Are
you comfortable with their assumptions? Your advisor may not be with you when
you retire so you need to have them explain it in writing (you can understand).
Given where you are in all your accounts and SS, how do they project your
totals at age 66, 70, 75? If you do achieve those results, which egg do you
crack first? How much inflation-proof
income will you receive based on their current projected plan? Are they selling
you an annuity? Which type and when purchased and annuitized? Make sure you
understand how
they achieve their projections. For instance, my projections show I have an
85% chance of receiving 6% for 20 years with 34% stock 66% bond portfolio like Vanguard
Wellesley Income. I have a good chance of growing my nest egg depending on
what the market does in 10-20 years. It is better that you and your spouse know
the situation now so you can do something about it. Check the advisor’s work.
Will you have enough? https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016
Doctor ratings don’t
match skill/competence levels
Using the five most
popular online platforms - Healthgrades, Vitals, Yelp, RateMDs and
UCompareHealth – researchers looked at consumer ratings for 78 medical and
surgical specialists. Next, they compared the consumer
ratings to the doctors’ specialty-specific performance scores, which were
based on how closely the doctors adhered to medical guidelines, certain
outcomes of their patients’ hospital stays, and the cost of the care they
provided. Patients’ ratings of individual doctors tended to be consistent
across all five platforms - but there was no significant association between
consumer ratings and objective measures of the quality and value of care
doctors provided. The study head, Daskivich writing in the JAMIA showed that “Those
ratings don’t tell the entire story of how good a doctor is.” “We are working
on an automatic classification tool that extracts the factors rated by each
text-based patient review.” ObamaCare
opens Nov 1. Someday, we might be able to make rational decisions based on patient
and peer ratings. Someday we might be able to buy coverage that is complete and
understandable. Trump has changed the regs so insurers can offer insurance
that fails on guarantee 10 essential benefits. Making good decisions on
health care is difficult as The Don found out.
Do your research: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083
Medicare premiums—up
and down
The Medicare enrollment period
begins on Oct. 15 and continues through Dec. 7. Drugs of Part D may cost more
or less depending on your plan and needs as every year. Look at the Advantage
plans again. There's a lot to like about MA plans, including a maximum
annual out-of-pocket expense for traditional Part A (hospital insurance) and
Part B (outpatient services) coverage, along with the ability
to roll dental, hearing, and vision coverage into your plan. Traditional
Medicare doesn't offer these coverage options, and there is no maximum annual
out-of-pocket expense. Part B surcharge: the change
happens once an individual hits $133,500 in income, or a couple hits $267,000.
If you find yourself eligible for Medicare and earning more than these amounts,
prepare to pay a potentially higher Part B surcharge in 2018. Part B for most
has no increase: $134/month for earners with less than $85,001 (single)/less
than $170,001 (married).
Shop wisely.
How are you going to spend your Trump $4,000 tax break?
Trump
promises each family $4,000 “pay raise” and roads without potholes. He did
not say that that
is the total over 8-10 years. He assumes our family and our descendants
will pay the $1/2 Trillion deficit this creates! If every family receives
$4,000 (125820000x$4000)
that costs $503,280,000,000. He wants to increase missiles by 10 times, cut
corporate taxes by 2/3rds and build The Wall. Conservative estimates put that
extra $10 Trillion on our kids and grandkids. If China
continues to buy our bonds, we will pay an extra $500 million on top of the $474.5
billion in interest in
each fiscal year. The current debt of $18 Trillion means each of us already
owes over $150,000 per person. GOP used to stand for conservative spending but
not lately. Both parties have raised the debt to WWII levels relative
to our GDP output.
Perhaps we should be raising taxes now for our kid’s sake.
We can save $3,000 a year: https://www.amazon.com/101-Financial-Plan-Save-3000/dp/1469990563
****************
TrumpWorld
Trump is still just a mafia contractor from Queens—Dad
taught him to be The Don.
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.” Manafort
tells Russian mob he will keep them informed about “our boy.”
Trump’s
group places mob ties above country; it’s about money POWER not US
service.
Mob
doesn’t call the FBI when Jr doing an illegal deal with fellow
mobsters. Receiving
stuff from ‘foreign power’ during campaign is illegal—even for idiots
and morons.
‘Ministry
of Truth’ 1984 novel: Government propaganda is ‘truth’ when they say it!
“Only one thing will work” “quiet
before storm” “you’ll find out” Firing Tillerson?
Pence
plays the offended patriot and tells the press to meet him in parking lot before.
Trump
claims his harassment of women is different than Weinstein’s. Don’s Groping
OK
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.
TrumpWorld –
using presidency to make money the old fashioned way: theft
Dictator talk time:
“When the president does it, that means it is not
illegal,” Richard Nixon
“Only one thing will work” “quiet
before storm” “you’ll find out” Thermonuclear war?
Lock
N. Korea Kim and Trump in a room and settle with fists—heavy weight TV fight!
46%
GOP want preemptive strike on North Korea today: 1 million S. Koreans dead!
Trump says he will take
away NBC broadcast license if they report the news he hates.
Rush: I
am uncomfortable with president dictating the behavior and power of anybody.
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 Page
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.
Gingrich: Trump
compared to Andrew
Jackson who also hated people of color.
“The
president can’t have a
conflict of interest.” The Don is above the law? Pardons?
Quid pro quo:
"something for something."
Obama clean air initiative dead; long
live the coal mine owners—miners dying from dirt.
Trump rewrites list of criminal
fugitives who can’t have gun so ½ MILLION more can!
Regulation is
necessary: We
need protection. Saves $12 billion of our money!
EPA ends Obama clean air—polluters open stacks, methane
holes, nuke radiation
Trump to allow us to buy
insurance in next state but who wants to fly to doctors?
FDAA “debt validation” caught
promising to eliminate consumers’ debts for fees.
Trump
has suspended our right to bring class action lawsuits against our
advisors.
‘MORONIC’ LIAR:
Trump says ObamaCare bad because premiums increase for Kissinger:
"Henry Kissinger does not want to pay a 116 percent
increase in his premiums," Trump said. "But that's what's happening,
and it actually getting worse. It's getting worse by the minute," Trump
said, after tapping a grinning Kissinger on the arm. But Kissinger is 94 and has
been on the single-payer system Medicare
for three decade. He doesn’t use Obamacare or have a 116 percent price
hike. Trump is a moron. We checked.
Trump says US has highest tax rate in the world but he
knows it is less than HALF
He himself paid $0 for many years after deducting $916
MILLION from his failed businesses. He was allowed to take that loss
forward for 18 years to wipe out taxes from his TV and other deals. Many
corporations pay NOTHING because the subsidies and loopholes we pay tax to
offset. The effective tax rate
for many is 12.6% not 39%. Moron .
How Govt wastes our
money:
Pence
wants to go to the moon—let’s send him there.
Treasury
Sec taking military jets costs us over $800,000 so FAR! $ million by Dec?
$584
million for 1 combat ship which is easily sunk, radar fails to detect,
stability issues.
SCAMS:
Even
scammers must pay tax on the scam unless they have smart
lawyers/accountants.
Credit bureaus profit
from our data but not interested in protecting it or us. We pay both.
Jobs:
Mrs Trump: “Who’s
going to vacuum and clean up after us? Americans don’t like that.”
Who owns your account
now?
Miracle:
Joe
Biden for prez? It would take a miracle. Dems would lose to Roy Moore if
Biden ran.
Ever hidden “dark
matter” comprising 80%
of universe we can’t see is fine gas
filaments.
IAN
41 Watchung Plaza, B242
973.746.2014
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