Friday, February 16, 2018

Trump Tax Shelter avoids future taxes

Trump promised to save Medicare for working Americans
As a candidate, Trump repeatedly said he would never cut Medicare, Medicaid or Social Security. Now he wants to cut Medicare by $554 billion and Medicaid by $250 billion. He will send Medicaid money to states to eliminate coverage for citizens they don’t like. He will cut the subsidies to millions who use the marketplace to buy insurance. His budget cuts funding for the National Dislocated Worker Grants – which provides support to those who lose their jobs because of factory closures or natural disasters and the Adult Employment and Training Activities initiative, which serves high school dropouts and veterans. Trump wants to cut $214 billion from the food stamp SNAP program in the next decade, a reduction of nearly 30%. He is reducing Section 8 federal housing subsidies by more than $1 billion, zeroing out community development block grants and eliminating a $1.9 billion fund to cover public housing capital repairs—no new boilers. 29 programs that aid poor children in education will be cut. Trump selling our airports, our lands.
There will be No cuts to subsidies for oil, gas, coal, agribusiness, drug firms, or arms manufacturers. War machine gets more than it asked for from Trump. Plus parades.

Trump’s attitude about both sides of the story
Trump suppresses the other side of the FBI story. Now he won’t release the other side’s view of the process of FBI surveillance of known Putin agent “advisor to the Kremlin” Carter Page. The irony is he wants sexual predators to receive ‘due process’—let’s hear the other side. However, he is not willing to let us read the Dems’ memo about the FBI.
The Don complains that wife beaters and sexual harassers like him do not get due process—we don’t hear why they beat and harass women since we don’t have assault trials. He favors hiring and praising wife beaters with tacit approval of the GOP religionists. He seems to believe that if a predator like Judge Moore claims an ‘absolute denial’ that that proves he was not a child molester. Does this not leave many Trump voters with more concerns about his ‘grabbing’ habits and paying prostitutes $137,000 for sex and twisting the ‘fake facts’ to his benefit? Lies about Tower wiretap.
Is there anything that gives ‘conservative’American’s pause? Not sexual assault, not prostitution, or not one-sided propaganda? Power corrupts absolutely.
Why can’t we hear from both sides for truth’s sake?  

GOP gives military-industrial complex $700 billion more
Americans vote for the conservatives because they promise to not spend lavishly. It seems the GOP has changed to the spending party. Senate leaders have reached a two-year deal that would set defense spending at $700 billion for 2018 and $716 billion for 2019. “I’d rather we didn’t have to do as much on non-defense, but this is an absolute necessity, that we’ve got these numbers,” said the Senate Armed Services Committee’s Jim Inhofe. Ryan has pushed for cuts in Medicare, Medicaid and Social Security in order to fund the increases but Dems resisted the cuts. Kentucky Republican Rand Paul cried about debt on Thursday after voting for the massive debt increases for his tax breaks earlier. GOP likes to borrow to pay their donors and then cut programs that benefit working Americans. The rich get permanent relief from future taxes while our tax rate reductions expire in 2026. GOP increases--not decreases--debt.


Best last minute tax saving move
Tax filing began Jan 29 even though all the forms are late in arriving. If you find you owe tax instead of hitting the refund button this year, you may still be able to claim your refund. You can reduce your 2017 income and receive a tax credit. Credits reduce your taxes dollar for dollar. In effect, Uncle Sam can help you reduce taxes AND save for retirement at the same time. On line 32, Form 1040 or line 17, Form 1040a, you can enter up to $5,500 ($6,500 over age 50) as IRA contribution to reduce your income. If you meet the qualification, a credit will show up on Line 51, Form 1040 or Line 34, 1040a. You subtract this credit from your tax. EG: Income $66,000: tax refund is $3,335, without IRA contribution. With the contribution, the refund is $4,392 or $5,553 if you both make the contribution. Credit against tax is $400. IRS checks to see you have IRA.

Trump giving investment advisors another break
Trump’s SEC will not fine or censure your advisor for hiding the 12b-1 fees that mutual funds charge every year to pay for marketing funds to other people. They should be disclosed before you buy. Trump has given advisors a pass if they ‘self-report’ by June 2018. Advisors need to tell you that the class of shares they sold you benefits their firm and themselves and that there are cheaper shares available. In the past several years, the SEC has brought cases against nine firms over failure to disclose conflicts around the receipt of 12b-1 fees. Trump is removing safeguards in every agency. Manipulation by WS firms is rampant. Since no one sees the disclosures in the prospectus, you may not know that your advisor fees can take up to 63% of your possible accumulations.


IRS free filing sites avoid $300+ cost of filing taxes
Commercial tax prep sites offer expensive loans as advances on your refund but you can keep your whole refund using the IRS free filing partners. Refunds can be in your account within 2-3 weeks. The average refund is over $3,000. Check your refund: https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp
You can create a tax-free retirement fund of $500,000 with that amount each year. If you need free tax preparer service for your 1040, use AARP Tax Aides near you. Bring last year’s return and ID: https://www.aarp.org/money/taxes/aarp_taxaide/
Use your refund to fund your tax-FREE IRS approved account: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

Why luxury cars are NOT selling
Why are sales of Mercedes, Porsche, Lexus, etc falling like a stone? Well-to-do buyers want something different. They want 707 horsepower, 10 speed luxury rides. What? Yes, if you can drop $80,000+ at a local lot, you want something to impress. BIG trucks are the thing. GM, Ford and Jeep are making more money. You can control 7 different road surfaces, use big chrome wheels, a power tailgate, cameras on four corners and an adaptive cruise control system like Audi’s. The seats are nice too.




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Make “The Don” Great Again

Trump Is 'Doing Putin's Job for Him' by Attacking our FBI: McCain

Our intel agencies: we’re under attack and Prez says no—aid and comfort to enemy?
Mueller indicts 13 more for illegally helping Trump win election

GOP House will never impeach their ‘Savior’

“I have absolute right to do what I want to do with the Justice Department,”

Bannon and I wish to “destroy the state”–our government: “I want to destroy
FBI doing its job following Kremlin advisor, Page, a suspected Putin spy



Trump can’t be a racist: he had a TV show”
“Why are we having all these people from ‘shithole’ countries come here?

‘I’m the only one that matters’ Mob Boss, Nov 3, 2017
The Don’s enforcers lie re: contacts to Putin and list longer: Why all the lies if innocent?

GOP suppresses vote: can voters make America normal again?

‘I was elected President.’ (to destroy ‘the state’)
Dictator’s great weapon is fear: Dems are evil (TV ad)



How Govt wastes our money:
FEMA spent $156 million for 30 million storm meals. Scamer T Brown delivered 50,000.

GOP votes to “ask” our ‘reps’ to repay us when we pay for their ‘sexual’ settlements.

Would your lawyer pay $130,000 for your prostitute out of his own pocket? We paid!S

SCAMS:
Trump VA: Cabinet on junket at our expense and conflicts of interest abound.
How many hunters need an AR-15 and 30 round mags to kill their prey?

Jobs:
Trump’s 2019 budget kills several agencies, grant programs, institutes. Many job loses. Cuts to opportunities in rural communities, locally-developed economic plans, before- and after-school programs, college preparation for low-income students and 25 more.

Another wife beater opening in Trump WH—“only the best” fact deniers need apply.

New nuclear cruise missile workers go to Orlando for 1800 jobs. War is planned.

Who owns your account now?
Something wrong with this picture of America: not ‘Make American Great Again’

Miracle:
Unless Americans use absentee ballots, Putin will change votes in elections again.

It would be a miracle if Congress could stop children killing other children. 17 more die so that some wealthy white men have freedom to kill with 30 rounds a minute. Madness!

IAN
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