Saturday, November 25, 2017

GOP tax plan failed to END subsidies and loopholes to the special interests

GOP tax plan failed to END subsidies and loopholes to the special interests
GOP promise to ‘reform’ tax code in A Better Way. Speaker Ryan wrote:;;
“The tax code is littered with hundreds of preferences and subsidies that pick winners and losers and create complexity. Instead of free-market competition that rewards success, our tax code directs resources to politically favored interests, creating a drag on economic growth and job creation. In fact, Washington encourages individuals and businesses to make investment decisions based not on the most promising new technologies and innovations, but instead on the promise of tax savings. Many of these tax preferences, sometimes referred to as “tax expenditures,” are special-interest giveaways that are masked as tax breaks instead of direct grants. For fiscal year 2016, such “spending” through the tax code amounts to more than $1.4 trillion, or almost three-fourths of the amount of revenue raised by the entire Federal income tax. When Washington picks winners and losers with the tax code, the American people ultimately pay higher tax rates and keep less of their hard-earned money.”
Starve special interests by using the code for Tax-FREE retirement: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976


Congress tax ‘reform’ lowered tax rate but kept subsidies for profitable companies.
HALF of Americans will see taxes raised to pay for subsides and loopholes
GOP tax ‘reform’ means lowering the rate to 20% AND increasing their subsidy. We currently subsidize the oil industry by as much as $4.8 billion a year, with about half of that going to the big five oil companies—ExxonMobil, Shell, Chevron, BP, Conoco Phillips—which get an average tax break of $3.34 on every barrel of domestic crude they produce. But they are already profitable at $100 a barrel so why the subsidy. We taxpayers have been paying them a subsidy to drill since 1916. They don’t need the subsidy and depletion allowance anymore but our ‘reps’ depend on their money to get elected so the Congress does not repeal subsidies in the ‘reform’ bills.
Oil is not alone: gas, coal, cotton, Corn, Wheat, Soybeans, Rice, Beer, Milk, Beef, Peanut Butter, etc
Special interests won! NO subsidies/loopholes repealed! Tax shelters left open!
GOP repealed NONE of the 1,833 business subsidies. GOP repealed 32 deductions used by middle class. Apple and 500 corporations can leave their $2 TRILLION profits UN-taxed overseas. They also get to keep their subsidies and loopholes and foreign cash reserves we still pay for. They were NOT repealed. 1,833 large companies have received federal grants and/or tax credits worth $17.8 Trillion. Instead of giving our money to firms and people that are already making money, we could pay down the debt, which used to worry the GOP. Since our tax cuts are reversed in 2025, you need a shelter.


There is just one way left for us to avoid paying for corporate and wealthy tax breaks
The GOP has just one ‘corporate subsidy’ repeal in the ‘reform’ bill—“marginal oil and gas wells.” All significant corporate and tax shelters were left in tact. Trump’s mob, Commerce Sec Ross, State Dept. Tillerson, advisor Cohn, Treasury Mnuchin, Fed v-chair Quarles, and Ambassador Jon Huntsman hide their money in various shelters under fake firms/names. The new report says they hide their money in the Cayman Islands. Apple hides its money in the tiny island of Jersey. What can we do to avoid paying for these subsidies and business tax credits? You and I do NOT have to hide our money in a foreign country. We do NOT have to hire a lawyer to create fake firms and names. You and I have a legal tax shelter here with an IRS Sec. 408 Trust.
Avoid paying for their tax breaks with your legal tax shelter: https://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466


ONE THIRD of us will have higher taxes in 10 years to cover this ‘tax cut’
The Tax Policy Center ran the numbers. By 2027, 31% of middle-class filers would see tax hikes. Repealing the Alt. Minimum Tax created by GOP so the rich pay something means the burden will shift to those making between $48,600 and $86,100. GOP has rigged the tax ‘reform’ to trick us into giving them HUGE extra money for their tax shelters. GOP budget has big cuts in funding for Medicare and Medicaid in our future. Hidden in the budget they just passed are cuts of $4 Trillion in spending including nearly $500 billion in cuts to Medicare and $1 trillion to Medicaid. This means that in a few years, you and I will need to pay more for a relatives’ nursing home and our own health care. Plus our taxes go back up. Treasury Mnuchin says our tax cuts end while corporate cuts are permanent. You and I need a tax shelter like the Trump class.   

Younger singles go for Bronze ObamaCare for less
If your employer does not offer care, you may save by using ObamaCare, ACA, HealthCare.gov same. Employers usually require you to pay—some take over $6,000 from your pay for some plans. If you have no health issues but still need catastrophic care for an accident or illness, you may find exactly what you need at HealthCare.gov. Subsidies for the monthly premium are available to those with incomes of $45,000 and so the only expense may be the deductible. If you anticipate no health expenses, your annual outlay could be tiny. Open enrollment for 2018 ends this Dec. 15. 2.3 million have signed just in 18 days—more than when Obama was prez. Congress is unlikely to fix it by 2018, an election year. Get help: https://localhelp.healthcare.gov/#/


Most rich people would rather have better infrastructure than less tax
When you are already wealthy, you have fulfilled your desires and your relative position in the community hierarchy does not change when everyone gets a tax break. KS cut in taxes recently (and then a reversal) proved that cuts don’t produce growth. They just mean schools are worse, roads aren’t repaired, water pipes, power lines, other utilities are not fixed, and the quality of life falls. Granted that some tax money is wasted and governments are subject to corruption. However, rich people can’t live on special things alone. Their Rolls won’t last long on potholed streets. But not every American wants to live in a company town like Wichita with the Koch ‘blessings.’ In fact, most Americans think this tax cut is wrong at this time. The wealthy donors that keep our ‘reps’ in champagne like it. The rich have always had legal ways to cut taxes without the IRS. Corporations have thousands of ways to cut taxes now—shelters, fake subsidies, global addresses, tax lawyers, and lobbyists for Congress. Congress could do better for all working people. Corporations don’t even plan to expand the economy.


Overpaying for car insurance can cost $640,000 over time
65% of us overpay for coverage. If we save the average of $500 a year by purchasing the right policy and taking our discounts, we could have an extra $640,000 by the time we retire. Most people have coverage for at least 50 years. For 40 years, our $1000 savings could grow to $530,000. Investing that $500 a year in a low-cost stock index fund uses the Miracle of Compounding over time. It is just math: https://www.amazon.com/Miracle-Compounding-Turn-day-into/dp/1470176513. Make sure you shop to avoid high premiums: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634



Trump and GOP are promising higher wages from corporate tax cut
“The hourly wages of high-wage workers rose 41 percent in the 34-year period between 1979 and 2013; the hourly wages of middle-wage workers grew 6 percent in that time frame, and the wages of low-wage workers fell 5 percent” according to the Economic Policy Institute. We did NOT see a bump in wages when Bush II cut taxes. Why would a company use its added cash to pay us more when we have been taking less since the 70s? They don’t use their subsidies to pay more wages, why would they use cash? Wouldn’t you keep it in a shelter or pay your own executives and investors more if you were in charge? Since the firms have money why would they invest the cuts in new operations? They haven’t and won’t. Fed revenue from corporate taxes has fallen while our taxes for Social Security and Medicare have ballooned. Our taxes are low compared to the world.
NO Don, this is NOT a middle class tax cut: https://www.amazon.com/Only-little-people-pay-taxes/dp/1478222441

Where is the best place to save for your kids’ college tax-FREE?
Morningstar, the fund-rating service, has upgraded its rankings on six 529 college-savings plans and downgraded three others, the research firm announced Tuesday. 
Bright Start College Savings of Illinois received the gold ranking. The other gold programs—Invest529 of Virginia, the Vanguard 529 College Savings Plan of Nevada and the Utah Educational Savings Plan—remained unchanged from last year. Among the downgrades, Franklin Templeton 529 College Savings Plan of New Jersey sank the lowest, dropping from neutral to negative because of its uncompetitive fees and sudden declines in equity exposure that leave it open to market-timing risk, Morningstar said.




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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.”

Putin sent 60 money wires to US marked “to finance election campaign of 2016.”


Trump’s money launderer manager indicted on 12 counts: conspiracy against US.


Ministry of Truth1984 novel: Government propaganda is ‘truth’ when they say it!

Trump: Moore denied 8 women’s stories—child molester has special place in hell Ivanka
Trump and Moore blame the women: Hill hearing is why girls 14 don’t file public charge


FoxNews: “You’re the president. Why don’t you act like it?” Can Fox help impeach him?
Can 13 women be wrong: The Don’s ‘women are very special’ Groping genitals ‘special’

My Theory on Trump/Putin ‘love’:
Trump got Russian help/funding for business from business/mob ties to Putin. US banks not interested in more bankruptcies. 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. Trump always has a fall guy to blame when caught in lie. Sessions claims campaign execs all too inept and overwhelmed to collude on purpose.

TrumpWorld – using presidency to make money the old fashioned way: theft

The Don is losing cache of his name for NY visitors—NO Soho Trump
Trump selling his wine in national parks—you can’t sell your stuff though
We are paying $1 million for Trump’s thanksgiving at golf club—tax without represented

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



The president can’t have a conflict of interest.” The Don is above the law?
Fires FBI head because he was investigating The Don’s Russia mob ties.

Trump’s America looks like pre-civil war America: Trumpism is authoritarianism.

"The President would have left American students in a foreign jail because their families didn't lavish sufficient praise on him. How can someone in such a big office be so small?" 



1998 the House of Representatives approves two articles of impeachment against President Bill Clinton, charging him with lying under oath to a federal grand jury and obstructing justice.

2017 Nov. House of Representatives introduced articles of impeachment against President Don Trump, charging him with firing FBI Comey, violations of the Emoluments Clause, actions "undermining" the judiciary and freedom of the press.

2018 the House of Representatives approves two articles of impeachment against President Don Trump, charging him with lying under oath and obstructing justice.




Quid pro quo: "something for something."
Today child molester; tomorrow rapists? How GOP religionists justify support to Jesus

Flynn has gone over to the light side—Another enemy of the United States caught


We have given The Don time to act like president: Time to Impeach for obstructing FBI


Regulation is necessary: We need protection. Saves $12 billion of our money!
            (No one person can afford to sue a bank: class actions banned by GOP now.)

Gun play in church shoots man and wife – maybe not a good thing to play with guns!
Jay Costa Kelter, GA, caught misrepresented investment facts defraud clients
Honda Odyssey minivans recall faulty passenger seats that can come lose.
Will blind Uber see you in time to stop? You cannot see driver acknowledge you.
Citi caught failing student loan servicing that harmed borrowers. Fined $2.75 million.
Equifax hack costs us privacy for life—no regulation on credit bureaus to blame
Trump will determine which internet sites we get to watch—all equal use ends



National security adviser H.R. McMaster: Trump has intelligence of a “kindergartner”

How Govt wastes our money:

SCAMS:


Jobs:
Jobs Don?: 40.6 million people living in poverty in 2016, $24,000 for 4-Census
 Mexico, Greece, Israel, and Turkey are the only countries with higher child poverty rates

Who owns your account now?

Miracle:
Still wonderful people in the world—can you imagine if we all were like this all the time.

IAN
41 Watchung Plaza, B242
MontclairNJ 07042
973.746.2014
Alerts 

Friday, November 17, 2017

Just one way to avoid paying the corporate and wealthy tax cuts

There is just one way left for us to avoid paying for corporate and wealthy tax breaks
The GOP has just one ‘corporate subsidy’ repeal in the ‘reform’ bill—“marginal oil and gas wells.” All significant corporate and tax shelters were left in tact. Trump’s mob, Commerce Sec Ross, State Dept. Tillerson, advisor Cohn, Treasury Mnuchin, Fed v-chair Quarles, and Ambassador Jon Huntsman hide their money in various shelters under fake firms/names. The new report says they hide their money in the Cayman Islands. Apple hides its money in the tiny island of Jersey. What can we do to avoid paying for these subsidies and business tax credits? You and I do NOT have to hide our money in a foreign country. We do NOT have to hire a lawyer to create fake firms and names. You and I have a legal tax shelter here with an IRS Sec. 408 Trust.
Avoid paying for their tax breaks with your legal tax shelter: https://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466

“Do I still need my life insurance”?
Recently, a 50 year old friend asked if he needed to continue his and his wife coverage. Right now there is a sale on term life insurance for any age—at age 50, you can buy $½ million for about $1 a day. Term life is for set period for set amount with no savings portion. It is pure death insurance for those you want to protect. My friend was given term insurance as part of his work benefits but his wife was doing free lance. At this stage of their retirement accounts, they were more than covered by their savings/investments so that if something happened tomorrow each would NOT NEED life insurance. Pure life insurance is to protect your loved ones BEFORE you have the assets to live on. If you need coverage because you don’t have $½ million to live one for the rest of your life, avoid any policy with savings portion. There are less expensive alternatives for a ‘cash value’ account. He decided to drop the policies. Term gets expensive after age 50 so if you need it, buy a 10-year term by age 50 from a discount carrier.


Why does Trump’s wealthy class want to get rid of the estate tax?
You and I are not going to pay this tax since it starts at about $11 million. Most wealthy farmers have figured out how to pay the tax if they are soil rich and cash poor. The reason we have this tax is so America doesn’t end up like the aristocrats in medieval Europe. Can you see Ivanka, Jr and Eric with even more wealth? Why is the GOP giving 5,500 wealthy people’s heirs a huge tax break? Are these 5,500 the big GOP donors? Yes, like Trump’s kids, they are already wealthy and don’t need the money. Trump saves his own estate $564 million in tax—enough to cover his FL and NJ golf trips for 4 years if he had to pay for them instead of us. We need the money worse than they do.

Is your advisor’s ‘model portfolio’ right for you?
With the proliferation of ‘model portfolio’ platforms, investment management is increasingly automated, ubiquitous, and not at all your financial advisor’s job. At least 74 percent of advisors use models: either models created in-house by the advisor themselves or by an in-house investment team, or outsourced to asset managers and strategists, according to Cerulli Associates. So your ‘personal’ specially-designed ‘choice’ of securities could be a robo-advisor churned out by a third party you don’t even know about. And for this, you are paying an extra fee. Over time, very few advisors, human or electronic can outperform the index simply because of costs. But you pay the fees for quick answers, timely contacts, and good advice. You understand that no portfolio can beat the index most of the time. But wait, most investors don’t need a full-service broker or advisor. They need someone to affirm their decisions or answer questions quickly. For instance, Vanguard Personal Advisor Services costs only 0.30% of your assets—about a third of the industry's cost of 0.99%--you keep more and get only what you need.


GOP repealed NONE of the 1,833 business subsidies but 32 of our deductions
Subsidies and loopholes and foreign cash reserves we still pay for in the new tax code were NOT repealed. 1,833 large companies have received federal grants and/or tax credits worth $17.8 Trillion. Are these the same firms that pay for our 534 Congress’s elections and kids’ college educations? 268 are already millionaires. Why is the GOP giving 5,500 wealthy people’s heirs a huge tax break? Are these 5,500 the big GOP donors? Yes, like Trump’s kids, they are already wealthy and don’t need the money. Trump saves his own estate $564 million in tax—enough to cover his FL and NJ golf trips for 4 years we now pay for. We need the money worse than they do. Each missile Trump fired on Syria’s airport to scare them costs us $1 million. The extra cost of just 3 new destroyers is $450 million. Total is $12 Billion and counting since they are still trying to make them work. Instead of giving our money to firms and people that are already making money, we could pay down the debt, which used to worry GOP.


ONE THIRD of us will have higher taxes in 10 years to cover this ‘tax cut’
The Tax Policy Center ran the numbers. By 2027, 31% of middle-class filers would see tax hikes. Repealing the Alt. Minimum Tax created by GOP so the rich pay something means the burden will shift to those making between $48,600 and $86,100. GOP has rigged the tax ‘reform’ to trick us into giving them HUGE extra money for their tax shelters. GOP budget has big cuts in funding for Medicare and Medicaid in our future. Hidden in the budget they just passed are cuts of $4 Trillion in spending including nearly $500 billion in cuts to Medicare and $1 trillion to Medicaid. This means that in a few years, you and I will need to pay more for a relatives’ nursing home and our own health care. Plus our taxes go back up. You and I need a tax shelter like the Trump class.    

Best first car for reliable transport
When your teen needs a car to get around, what are the best choices? Where do they look? How much should they spend? $5000 can put them in a safe Honda Civic or Toyota Celica. $6000 can buy a truck like the Toyota Tacoma. Quality and later models cost a little more but may be worth it. We can still find a baby Lexus IS300. Chevy Equinox leads the list of SUV capacity carriers. Teens pay less using your insurance. Shop to avoid high premiums: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Wealthy have already got a way to beat the new tax law
Changes in the tax code will RAISE taxes for some middle-income families. Property tax and mortgage interest are no longer deductible, thus increasing their taxable income. However, as always the wealthy remain wealthy by avoiding taxes. They have found a “workaround for a tax-plan provision under consideration in Congress that would take away the mortgage-interest deduction.” They will turn their extra property into an investment property so that the expenses are deductible. The high property tax and interest will offset any income so they will pay no more in income taxes.

Where is the best place for your retirement money now?
If the tax cut bill does not pass this year, the market may drop. Where should your money be now so that you weather the fall and bounce back—gold, cash? Based on the experience of the decline in 2007-8, withdrawing retirement money from the market gave you a permanent loss. If you went to gold, you were up 47% but if you had left money in the market from 2007 to 2016 your money has doubled, earning 8.76% per annum. If you were out, you missed 27% and 32% jumps. That is the trouble with taking advice from ‘professionals’, they don’t know. Let it ride.

GOP favor insurers going back to “junk” insurance for us. Congress could negotiate lower drug and hospital costs but lobbyists won’t let them. Instead they fear losing their donors. Funny, they get to keep their full quality coverage. It’s ObamaCare.  

Self-dealing is OK with GOP
Trump's repeal of the Alternative Minimum Tax is the best part of his ‘reform’ because it once cost the president $31 million.  It accounted for most of the $38.5 million in taxes Trump paid that year. With the estate tax repealed, Trump's estate saves $564 million based on an estimated net worth of $3 billion. No wonder Ivanka is stumping for it. Billionaires don’t pay the top bracket of 39.6%. Billionaires like Trump who DO NOT live on their dividends and capital gains taxed @15% (avoiding Income tax) can use the new Trump business ‘pass-thru’ tax of 25%. Since Nixon’s Alternative Minimum Tax is to be repealed, this will be the tax of choice for many high income executives. Nixon, an old republican, thought that the rich should NOT avoid all taxes with deductions and tax credits. Wall-Street class’s will get a WindFall and NOT pay the 39.6% rate. Most of Trump’s class used to have to pay something because of the alt minimum tax. The AMT was one of few ways Trump had to pay $31 million in taxes one year. Many corporations don’t pay tax at all but they will continue to pay for our ‘reps’ to hide subsidies and loopholes that were NOT eliminated. Only 1 subsidy was repealed—small oil and gas wells. All the rest of the thousands of corporate ‘welfare’ payments or tax credits will be paid as usual. A Spanish firm got $2 billion of the $17.8 Trillion total. And guess who has money in the 1,833 ‘welfare’ recipients? Right, Congress’s donors.

Trump and GOP are promising higher wages from corporate tax cut
“The hourly wages of high-wage workers rose 41 percent in the 34-year period between 1979 and 2013; the hourly wages of middle-wage workers grew 6 percent in that time frame, and the wages of low-wage workers fell 5 percent” according to the Economic Policy Institute. We did NOT see a bump in wages when Bush II cut taxes. Why would a company use its added cash to pay us more when we have been taking less since the 70s? They don’t use their subsidies to pay more wages, why would they use cash? Wouldn’t you keep it in a shelter or pay your own executives and investors more if you were in charge? Since the firms have money why would they invest the cuts in new operations? They haven’t and won’t. Fed revenue from corporate taxes has fallen while our taxes for Social Security and Medicare have ballooned. Our taxes are low compared to the world.
NO Don, this is NOT a middle class tax cut: https://www.amazon.com/Only-little-people-pay-taxes/dp/1478222441


What made Fidelity investment accounts successful?
Fidelity found that account holders that did NOT 'manage' their accounts or died were the most successful. Think about that! You can earn more in your investment account by NOT touching your money. When you let someone 'manage' your money they tend to waste it and then charge you a fee to boot. It Just Takes Time shows us why ‘buy and hold’ stock funds win. Warren Buffett's teacher, Benjamin Graham, once said: “Buy stocks like you buy groceries not perfume.” Don't buy the stocks that the Wall Street media or your advisor tells you to buy. Buy those that are the most profitable firms worldwide. Just buy low-cost stock market index funds and keep buying. You don’t have to pick the right stock. And you don’t have to do a thing to get rich: It Just Takes Time.



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TrumpWorld
Trump’s money launderer manager indicted on 12 counts: conspiracy against US.
Trump’s RNC is paying for the legal costs—why?  Manafort has $18 mil from USSR


Trump campaign aide pleads guilty to lying to the FBI about Russia contacts


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.”
Jared deal with Evraz’s owner links to Russia steel pipe in KeystoneXL/Cheniere
Putin sent 60 money wires to US marked “to finance election campaign of 2016.”

Undisclosed $26 million loan from Russian to Trump campaign manager Paul Manafort.

Trump campaign asked Wiki to get Hillary emails from Putin hackers: smoking gun?

Putin using Twitter now with fake followers for Trump mob—how great impact?
Putin hired activists to stage demonstrations and promote divisive content. 


Ministry of Truth1984 novel: Government propaganda is ‘truth’ when they say it!
Trump Calls on the FBI to ‘Go After’ His Enemies (for Things That Aren’t Crimes)
“No Russia connection” but Jared and Ross in with Russian mob laundering biz
ObamaCare ‘collapsing’ but 600,000 more signed up in four days 2017: Mandate works!

Trump on tax: “The deal is so bad for rich people, I had to throw in the estate tax just to give them something.” But 80% of cuts go 1% and estate tax repeal only helps 5,500.
Wealthy do not create growth or wage hikes; money is sent to tax shelters/foreign corps.



My Theory on Trump/Putin ‘love’:
Trump got Russian help/funding for business from business/mob ties to Putin. US banks not interested in more bankruptcies. 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. Trump always has a fall guy to blame when caught in lie. Sessions claims campaign execs all too inept and overwhelmed to collude on purpose.


TrumpWorld – using presidency to make money the old fashioned way: theft


Tax reform saves the president $31 million.  It accounted for most of the $38.5 million in taxes Trump paid that year. With the estate tax repealed, Trump's estate saves $564 million based on an estimated net worth of $3 billion, as Bloomberg reported last year.

Trump hires only foreign workers  to save expenses despite “hire American” lecture


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




GOP lost moral way: 50 religionists say Moore is “defender of the sanctity of marriage.”


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. He is also paying their lawyers to keep quiet.


Avoid the Russian/Trump propaganda—quit Fox, Facebook and Twitter now

The president can’t have a conflict of interest.” The Don is above the law?
Fires FBI head because he was investigating The Don’s Russia mob ties.

1998 the House of Representatives approves two articles of impeachment against President Bill Clinton, charging him with lying under oath to a federal grand jury and obstructing justice.

2017 Nov. House of Representatives introduced articles of impeachment against President Don Trump, charging him with firing FBI Comey, violations of the Emoluments Clause, actions "undermining" the judiciary and freedom of the press.
2018 the House of Representatives approves two articles of impeachment against President Don Trump, charging him with lying under oath and obstructing justice.




Quid pro quo: "something for something."
50 religionists claim Moore is “defender of the sanctity of marriage” and religious liberty.

Trump puts tax-dodging attorney at IRS to give election donors a break on audits.


Why should a 14 year old be shooting defenseless animals? Useful in her life? Fun?


We have given The Don time to act like president: Time to Impeach for obstructing FBI investigation of our enemy disrupting our election process.


Regulation is necessary: We need protection. Saves $12 billion of our money!
            (No one person can afford to sue a bank: class actions banned by GOP now.)

Navnoor Kang caught taking bribes to steer NY pension money to gifting brokers.
Tax dodgers need never worry: Trump gives IRS to Tax-Dodging Expert
Importing trophies from elephant hunts in Africa are now OK; killings continue.
AL won’t investigate pedophile Moore since he is their Senator of choice
Hank Mark Werner, NY caught plundering elderly and blind with annuity and trading.
Your air bag recalled: another round of bad bags from TaKata


Trump says he believes Putin did NOT help him win 2016: Proving ‘moron’ again!

How Govt wastes our money:
Trump puts tax-dodging attorney at IRS to let friends and family avoid taxes

SCAMS:
PYRAMID SCHEME LAWSUIT AGAINST JEUNESSE SEEKS $1 BILLION


Jobs:
$20 hr call center agent: answer calls to AAA, Home Depot from home

Who owns your account now?
No penalty CD paying 1.55% at online only bank https://bankoncit.com/no-penalty-cd-17


Miracle:
Women intimidated years ago have courage to come out now and take abuse all over again from their community, state.

IAN
41 Watchung Plaza, B242
MontclairNJ 07042
973.746.2014
Alert

Friday, November 10, 2017

Wealthy invest their tax cuts in tax shelters not in jobs

This is a middle-class tax cut?
GOP borrows $1.7 Trillion from China to give to wealthy and let it ‘trickle down.’ Does any of Trump’s class pay the top tax rate 39.6%? Do any corporations pay 35%? Their effective rate is 28.5% and 12.6% respectively. Big firms pay NOTHING. All wealthy people know how to pay less tax or they wouldn’t get richer. They send the money to an offshore tax shelter not build factories. Trump’s mob has a lot of their money in shelters we learned about from the Paradise Papers. Trump, Cohn, Tillerson, Mnuchin, Ross, etc avoid the taxes we have to pay. Trump and many corporations like Apple keep their cash in shelters or foreign subsidiaries. They just don’t report it so it is not taxed. Like Romney, they claim they pay their fair share. So why do they keep it overseas? There has to be a benefit otherwise they would put it to work on infrastructure and creating jobs.
But they don’t make jobs. Most wealthy people invest in businesses that increase their dividends by buying up smaller firms or just buying back their own stock from investors. They don’t create jobs or pay higher wages with their extra cash as Trump and the GOP say. For the 12 months ending March 31, S&P analysts said that the top 500 companies spent a record total of $589.4 billion for buybacks. That is so much stock buying that it could rebuild America’s infrastructure. But that means the money does not go into dividends. The rich would need to wait for the improvements to pay off.

Final bill for the 1% tax breaks: $6.2 Trillion: your share of debt = $154,161 
Donald Trump’s tax plan would cost US taxpayers $6.2 trillion! That’s at least three times the cost of George W. Bush’s tax plan, a plan which did nothing to boost the economy or job-growth. In fact, the economic recovery following the Bush tax cuts was the slowest on record, even when artificially buoyed by an enormous housing bubble which eventually burst and caused the Great Recession. More wealthy people are leaving US so WE pay their taxes. GOP insists the tax break is for US but you need to read the details. Hedge fund managers get to keep their lower ‘carried interest’ rate that Trump vowed to end. Corporations get lower rate and keep subsidies and loopholes. DEMs tell the GOP they are wrong—deficits do matter, Mr Cheney!
Who will save US from this catastrophe again?

Is investing in real estate right for you?
Owning your own home is not investing in real estate. You can’t sell it and make a profit easily. If you tried being a landlord, you know how difficult it can be. If you have tried being a flipper of real estate, I hope you bought and sold at the right time. Like individual stocks, you can lose by bad timing. There is an easier way as I explained to my in-laws several times. What motivated them to look at this investment area was the idea that they could buy a property and get rich from the rents year in and year out. People have to live somewhere. Unless you have a lot of money and can afford to hire RE management companies to fill and maintain your property, you must do a lot yourself. Finding and keeping good tenants, fixing and improving the property, and taking your tax benefits are all challenges. I tried it with one 4 tenant brownstone in an up and coming neighborhood and gave up after a few years of work. An easier way is to buy and hold a low-cost RE index like Vanguard REIT. Your return has been over 10% since 1996. As an investment trust, you receive dividends and interest so it is better held in a Roth IRA. Owning a REIT in a Roth turns taxable income into "free" income. 

Small business gets a tax increase—250%
The GOP tax plan would raise tax rates paid by the smallest businesses from 10% to 25%. That's a 250% increase for many small employers. Some corporations like John Deer, General Dynamics, Clorox, Biogen, and Comcast will see their taxes cut by 44% to 20%. Big oil, gas, agribiz, pharma, telecoms, utilities will still receive subsidies and pay less than the average family. Exxon and GE actually got refunds even though they made $ billions and paid shareholders dividends. Some firms like Caterpillar use "goodwill" write-downs (overpaid for subsidiary) to show huge tax rates. The new Trump pass-thru tax at 25% was written to exclude service biz like lawyers and doctors but their accountants have already found ways to get around the complicated revenue limits. Many small businesses use delivery vehicles so the new gas tax will be another tax increase. The Tax Policy Center ran the numbers. By 2027, 31% of middle-class filers would see tax hikes. Repealing the Alt. Minimum Tax created for the rich in 1969 means the burden will shift to those making between $48,600 and $86,100.


Avoid cars that lose value—there is a reason
Leasing a car means you are always going to have a car payment and so deducting from your company revenue makes sense. But if you are not leasing, you are going to sell or trade that car sometime. For some cars from Fusion to Mercedes E, you need to take advantage of the lower prices on those coming OFF lease. I got a 3 year old Camry with local warranty for less than HALF price of new some years ago. Best deal I ever made other than getting a used Ford free when I was age 17. Unfortunately, I loaned it to a ‘friend’ and he gut the transmission. More recently, I was able to afford a used Lexus that I very much appreciated since its 7 air bags kept me from being injured in a crash.

Trump releases report: “global warming” caused by coal, oil, gas use
Trump has finally read the evidence and he agrees global warming is man-made in his new report. Coal owner’s contributions are uncertain now. Surprising, EPA and Energy major-domos agree with FL gov that the idea of man-made warming is not possible in their worlds. FL has banned the word and EPA has sent the scientists home with no pay. And yet, God told us to take care of the Earth. Trump has ended the tax credit for electric cars. He has cancelled the Paris accord (lower emissions) while Syria joined. EPA cancelled clean water clean air regs. Trump let Canada foul our aquifers and take oil from Alaska. Make America Great Again means going back to the 1950s pollution and destruction. The oil/gas owners can drill in your backyard and get our tax money to do it.


ObamaCare enrollment—maybe your last chance for quality care
GOP promise to end quality health care for us has begun. Trump has cut subsidies for the poor just when the addiction crisis demands more treatment not less. GOP budget for next year calls for adding $1.5 trillion to the deficit, cuts $4 trillion in spending including nearly $500 billion in cuts to Medicare and $1 trillion to Medicaid. Medicaid expansion was the means by which millions of working class people got health care plans for the first time. 600,000 signed Nov 4. GOP will leave it up the states to decide who will be covered in the future. ObamaCare plans with full coverage for the whole family may be the only way many will keep their coverage. Congress will keep their ObamaCare full coverage for themselves and have us pay for it while they favor insurers going back to “junk” insurance for the rest of us. Congress could negotiate lower drug and hospital costs but lobbyists won’t let them. Instead they are buying more war items. But terrorist do not fear more missiles.

Trump's repeal of the Alternative Minimum Tax is the best part of his ‘reform’ because it once cost the president $31 million.  It accounted for most of the $38.5 million in taxes Trump paid that year. With the estate tax repealed, Trump's estate saves $564 million based on an estimated net worth of $3 billion, as Bloomberg reported last year. Billionaires don’t use the top bracket of 39.6%. Billionaires like Buffett and Romney create their income from business income (capital gains@15%) to avoid EARNED income which is taxed. Billionaires like Buffett pay 17% or less. Buffett pays himself in stock—not taxed. It is not taxed until he sells it. He has said that holding stock is “a [deferred tax] liability [which] resembles an interest-free loan from the U.S. Treasury."
When the wealthy need cash, they borrow it with their stock as collateral and then deduct the interest as a business expense. Nixon’s Alternative Tax was the only way the rich had to pay tax because it disallowed all the tax-credit class’s deductions. WindFall!
NO Don, this is NOT a middle class tax cut: https://www.amazon.com/Only-little-people-pay-taxes/dp/1478222441

Families in high property tax states hit with 9 increases
CA, NJ, NY homeowners are paying for the Trump’s tax ‘cuts.’ We lose property tax, mortgage interest, state local tax, student loan, teacher supply, adoption expense, disaster loss and medical expense deductions. We lose credit for buying an electric vehicle. We add credit for more kids, non-child dependents, lower out of pocket student loan payments, and higher standard deduction. Net net, we pay more tax … unless we can take our incomes as a business like Trump. Trump lives in an office building so no personal property tax compared to average NY, NJ, CA home’s property tax at about $20,000. We could all move inland but that would drive up cost of your home. We don’t get to use the elimination of the alternative minimum tax or estate tax or the drop in corporate tax. There are only 5,000 families who are hit with the estate tax per year so their Trump donations were money well spent. Most of Trump’s class used to have to pay something because of the alt minimum tax. They are the political donors like Trump who avoids paying $31 million in taxes in Don’s case. Many corporations don’t pay tax but they will continue to pay for our ‘reps’ to hide subsidies and loopholes that were NOT eliminated

Most successful investment accounts were ….
Fidelity found that account holders that did NOT 'manage' their accounts or died were the most successful. Think about that! You can earn more in your investment account by NOT touching your money. When you let someone 'manage' your money they tend to waste it and then charge you a fee to boot. It Just Takes Time tells us to buy stock funds and wait. Warren Buffett's teacher, Benjamin Graham, once said: “Buy stocks like you buy groceries not perfume.” Don't buy the stocks that the Wall Street media or your advisor tells you to buy. Buy those that are the most profitable firms worldwide. Just buy low-cost stock market index funds and keep buying. You don’t have to pick the right stock. And you don’t have to do a thing to get rich: It Just Takes Time.


Why are our taxes STILL going to these profitable companies?
TX representative Brady wrote the new tax bill which gives Trump and the wealthy two big tax breaks: no alt minimum tax and no estate tax. Brady lowered taxes for some corporations but he did NOT eliminate the loopholes and subsidies to these:

AT&T ($38.1 billion) 
Wells Fargo ($31.4 billion) 
JPMorgan Chase ($22.2 billion) 
Verizon ($21.1 billion) 
IBM ($17.8 billion) 
General Electric ($15.4 billion) 
Exxon Mobil ($12.9 billion) 
Boeing ($11.9 billion) 
Procter & Gamble ($8.5 billion) 
Twenty-First Century Fox ($7.6 billion) 
Time Warner ($6.7 billion) 
Goldman Sachs ($5.5 billion)

Why ‘reform’ the tax code and leave in all these loopholes and subsidies? Brady and the GOP are running up the deficit when they could cut all this ‘pork.’ There are 23 lobbyists assigned to each of our ‘reps’ to help them give our money to their sponsors. Banks write the bank laws, oil/gas write energy laws, drug firms write drug laws, etc.
When you look at all of our credits that are repealed on pages 6-167 (Repeal of credit for adoption assistance, etc), you find GOP doubles the amount of cost recovery which lowers corporate taxes. The only repeal of subsidies to corporations is the “Repeal of credit for producing oil and gas from marginal wells” on page 4. Marginal wells account for very little of the credits. They have already provided their credits in years past. This is BS so GOP can say they cut corporate subsidies. This is NOT reform of corporate loopholes and subsidies. Someone is going to have to pay for these deficits.

These are the things we give up to pay for corporate and wealth tax breaks
These are the credits/deductions that are repealed by the GOP bill. There is just one corporate subsidy—“marginal oil and gas wells” they give up. We lose these:
Repeal of deduction for personal exemptions. We lost $4,000 per person deduction.
Repeal of nonrefundable credits.
Repeal of other provisions relating to education.
Sec. 1301. Repeal of overall limitation on itemized deductions.
Sec. 1302. Mortgage interest. Reduced deduction.
Sec. 1303. Repeal of deduction for certain taxes not paid or accrued in a trade or business. Property and state and local taxes were deductible.
Sec. 1304. Repeal of deduction for personal casualty losses.
Sec. 1305. Limitation on wagering losses.
Sec. 1306. Charitable contributions. Modifications
Sec. 1307. Repeal of deduction for tax preparation expenses.
Sec. 1308. Repeal of medical expense deduction.
Sec. 1309. Repeal of deduction for alimony payments.
Sec. 1310. Repeal of deduction for moving expenses.
Sec. 1311. Termination of deduction and exclusions for contributions to medical savings accounts.
Sec. 1312. Denial of deduction for expenses attributable to the trade or business of being an employee.
Sec. 1401. Limitation on exclusion for employer-provided housing.
Sec. 1402. Exclusion of gain from sale of a principal residence.
Sec. 1403. Repeal of exclusion, etc., for employee achievement awards.
Sec. 1404. Repeal of exclusion for dependent care assistance programs.
Sec. 1405. Repeal of exclusion for qualified moving expense reimbursement.
Sec. 1406. Repeal of exclusion for adoption assistance programs.

Sec. 1501. Repeal of special rule permitting recharacterization of Roth IRA contributions as traditional IRA contributions.
Sec. 1502. Reduction in minimum age for allowable in-service distributions.
Sec. 1503. Modification of rules governing hardship distributions.
Sec. 1504. Modification of rules relating to hardship withdrawals from cash or deferred arrangements.
Sec. 1505. Extended rollover period for the rollover of plan loan offset amounts in certain cases.
Sec. 1506. Modification of nondiscrimination rules to protect older, longer service participants.
Your employer has credits repealed that may help you if you have a child or disabled:
Sec. 3402. Repeal of employer-provided child care credit.
Sec. 3403. Repeal of rehabilitation credit.
Sec. 3404. Repeal of work opportunity tax credit.
Sec. 3405. Repeal of deduction for certain unused business credits.
Sec. 3406. Termination of new markets tax credit.
Sec. 3407. Repeal of credit for expenditures to provide access to disabled individuals. Sec. 3408. Modification of credit for portion of employer social security taxes paid with respect to employee tips.
Trump’s mob, Commerce Sec Ross, State Dept. Tillerson, advisor Cohn, Treasury Mnuchin, Fed v-chair Quarles, and ambassador Jon Huntsman hide their money in various shelters under fake firms/names. Do you have a tax shelter like the Queen? New report says she hides her money in the Cayman Islands. Apple hides its money in the tiny island of Jersey. Maybe we all need to get a real tax ‘reform’ with an IRS Sec. 408 Trust.

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TrumpWorld
Trump’s money launderer manager indicted on 12 counts: conspiracy against US.
Trump’s RNC is paying for the legal costs—why?  Manafort has $18 mil from USSR


Trump campaign aide pleads guilty to lying to the FBI about Russia contacts


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.”
Jared deal with Evraz’s owner links to Russia steel pipe in KeystoneXL/Cheniere

Undisclosed $26 million loan from Russian to Trump campaign manager Paul Manafort.

Trump campaign asked Wiki to get Hillary emails from Putin hackers: smoking gun?

Putin using Twitter now with fake followers for Trump mob—how great impact?
Putin hired activists to stage demonstrations and promote divisive content. 


Ministry of Truth1984 novel: Government propaganda is ‘truth’ when they say it!
Trump Calls on the FBI to ‘Go After’ His Enemies (for Things That Aren’t Crimes)
“No Russia connection” but Jared and Ross in with Russian mob laundering biz
ObamaCare ‘collapsing’ but 200,000 more signed up the first day 2017: Mandate works!
Trump on tax: “The deal is so bad for rich people, I had to throw in the estate tax just to give them something.” But 80% of cuts go 1% and estate tax repeal only helps 5,500.
Wealthy do not create growth or wage hikes; money is sent to tax shelters/foreign corps.



My Theory:
Trump got Russian help/funding for business from business/mob ties to Putin. US banks not interested in more bankruptcies. 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. Trump always has a fall guy to blame when caught in lie.


TrumpWorld – using presidency to make money the old fashioned way: theft

Ivanka gets $50 million for her causes from Japan
Trump hires only foreign workers  to save expenses despite “hire American” lecture
Jared uses Russian money for his projects and it buys Facebook Twitter media outlets

Tax reform saves the president $31 million.  It accounted for most of the $38.5 million in taxes Trump paid that year. With the estate tax repealed, Trump's estate saves $564 million based on an estimated net worth of $3 billion, as Bloomberg reported last year.

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 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. He is also paying their lawyers to keep quiet.


Avoid the Russian/Trump propaganda—quit Fox, facebook and twitter now
Health Care For All becoming rally cry

The president can’t have a conflict of interest.” The Don is above the law?
Fires FBI head because he was investing The Don’s Russia mob ties.

Quid pro quo: "something for something."
Trump cuts regs and soon we will need gas mask
This is a middle class tax cut to pay the wealthy to allow a “trickle down wage increase”


Pence: work Congress “to ensure that this never happens again.” Disarm TX; USA?


We have given The Don time to act like president: Time to Impeach for obstructing FBI investigation of our enemy disrupting our election process.


Regulation is necessary: We need protection. Saves $12 billion of our money!
            (No one person can afford to sue a bank: class actions banned by GOP now.)

Study shows Advil Tylenol combo relieved pain in ER as well as opioid pain pills.
AL official backs child molester by claiming Mary mother of God was child too. Sick!




How Govt wastes our money:
FEMA and your insurance should help you overcome your disaster: they’re the disaster.

SCAMS:

Jobs:
Unemployment 4% means jobs go unfilled without special training or degrees or manual

Who owns your account now?

Miracle:
GOP installs new tax ‘reform’ by Christmas ….. 2020.
Roy Moore sworn into Senate after molested 14 year old girl in 1979.

IAN
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