Trump’s own Socialism:
he pays no taxes and gets all the elite perks
In 1997, Trump
paid no taxes on income of over $10 million by claiming he had losses of (deductions) of $1 Billion ($915,729,293).
He could carry the losses forward to avoid taxes over 18 years. He declared
that he is a hero
for not paying his fair share during the election debate. In 1978 he
claimed he
lost $406,379 in business so he paid no
taxes despite living the lifestyle of a millionaire. Now
he says he is against socialism. But he and the wealthy enjoy the advantages
of American socialism. He got
out of his debts by claiming bankruptcy 6
times. He
stiffed his workers on casino and building projects. His ties
to Russian organized crime and money laundering show a mob
boss pattern. He did not pay his taxes
on casino profits in New Jersey. He used money others contributed to his charity
to pay fees. If you or I did these things we would be in jail. Trump’s
Socialism creates a society where the rich live ABOVE the law and most of us
live under the law.
Is the Tax-refund Millionaire
plan right for you?
If you begin this
year, you could have a retirement nest egg of $1,000,000 by just investing your
refund.
Yes, it takes time and commitment but think of your future. Based on the historical
returns of a low-cost market index fund, you can reach that goal in 34
years. If you have 27 years, you need to invest more each month or settle for
$500,000. If you have 21
years, you could have $250,000. What you see here is the Miracle
of Compounding. You invest the same amount $250 a month. You double your
nest egg between 27 years and 34 years. You are investing the same amount
during that period but the previous years’ earnings are also growing at the
market rate. You can check out how money grows by using this calculator: moneychimp.com/features/market_cagr.htm.
If you had started in 1990, your stock investment would have grown at 10.79%.
In fact over any 10-year period, your
money would have grown more than any other asset—bank, bonds, real estate,
commodities, gold, silver, almost anything. All your future earnings are
tax-FREE too.
Use
your tax-FREE growth account. https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X
Amazon with $11
Billion profits given a $0 tax bill!
How is it possible
that the most profitable corporations—Amazon, Google, Apple, Facebook—pay no
taxes and we, making much less, pay
more? Congress writes the tax code—not Trump, not IRS, not Treasury, not
CIA. Your Congress person and mine. Congress gave in to their lobbyists who
wrote special credits and exclusions. Amazon used various unspecified
‘tax credits’ as well as a tax
break for executive stock options. This would be the second year in a row that the company has avoided paying
federal taxes, despite being valued at a whopping $1 trillion. The average
American pays $10,489 in "personal taxes," representing 14%
of the average household's total income. This includes federal and state
income taxes, as well as other taxes such as personal property taxes, vehicle
taxes, and certain other small taxes. $8,367 of this amount is federal income
taxes, $2,046 is state and local taxes, and $75 is other small taxes. It is no
wonder we have little saved for retirement.
Use your ‘tax
credits’ too: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO-tax/dp/1539462382
What do we invest in
during retirement?
Let’s say you have
$500,000 in your tax-deferred retirement accounts—traditional IRA, company
pension, 401k, 403b, etc. (rolled over to IRA). You reach age 70 and must begin
to pay tax on that money. The IRS tells
us how much we need to withdraw from our accounts so we can pay tax on it as
regular income. The amount is about
3-4% of the total balance of all our deferred accounts as of the end of the
previous year. Our example: $500K x.04 = $20,000. Tax may be $2,800 including
state tax because this amount (RMD) may cause our SS benefit to be taxed. Our
goal is to stay ahead of this Required
Minimum Distribution by earning more than the 4%. Banks can’t help us so we
must go to securities. Unless we are really lucky and have bonds and stocks
that produce high yields and dividends, we need a solid balanced (stocks and
bonds) fund. Preferably we don’t want to pay high fees and commissions for this
fund so we actually keep over 4%. Several firms offer low-cost funds. Vanguard
made its name on low-cost funds.
Many use Vanguard’s
Top Ten: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
Do you need a car
that goes 200,000 miles?
Consumer
Report says your best bet is Camry, Accord, Prius, CR-V, Sienna, Civic,
F-150, Suburban, Outback and Forester. Almost any car can make
it to 200,000 miles and beyond, if you spend enough money on it. But
that's not necessarily a good idea. It's better to buy a safe and reliable
model, and then properly maintain it. Make sure you follow the maintenance
schedule in your owner’s manual, and take care of minor problems as they arise.
If you need a reliable vehicle, remember that many new cars lose up to 40% of
their value in first 3 years. Most unbiased advisors will tell you to find the
bargain at the used car lot of a prominent dealer. I found my bargain at a Ford
dealer after looking at every offer listed in my price range $12,000 on cargurus.com,
truecar.com
and autotrader.com.
Mine had some minor flaws so I was able to know off $500. I also re-shopped my
car insurance since insurers change rates so often. Check usage-based rates.
Saved another $200: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
What can physics
tell us about a volatile market?
I am reading Breakfast with Einstein by Chad
Orzel. In his description of the how our objects can be solid if they are made
up of all those subatomic particles that constantly move, he explains their relative
positions can only be understood as ‘probabilities.’ The fact that steel is solid
in my lifetime does not mean it will be forever. It is an alloy of elements
such as manganese, chromium, nickel, tungsten, and so on. Basically, steel is
an iron-carbon alloy that does not undergo eutectic reaction. It
is mass produced using sophisticated processes that take advantage of how atoms
and particles act together. But all matter/energy changes over time and we use
the combos that have a high probability of stability for a while (unlike nitroglycerin
which can release a lot of energy quickly at a little jolt). Now I understand Zhou Wang’s Quantum Uncertainty in Investing: You can earn 3.69% or 11.11%.
The overall market is like the steel while following one stock is like the
electron particle that moves all the time. There are so many forces
acting on one particle (stock) that it can only be ‘followed’ with probability tables.
The total market probabilities are higher. Over time, the market grows by 10-12%
a year.
We invest in high
not low probabilities: https://www.amazon.com/Quantum-Uncertainty-Investing-3-69-11-11/dp/1502312557
Can our society
survive when the most fortunate never pay taxes?
2018 was a good year
for the wealthy. One
made $7.7 Billion in 2018 by charging other wealthy people 2% plus 20% of
the first total earnings. Most hedge funds earned over 8% while the broad
market lost 6.7%. But the owners are already wealthy and so they attract more
money despite the poor long-term track record. Buffett
recently beat some fund managers’ strategies with his bet on the broad market
returns (11%)
over time. My guess is many wealthy people stay invested in the broad market
stocks like Buffett does. Even when they have a down year, they still become
richer by holding on to their investments. Plus most of them have paid
specialists to use tax-avoidance techniques not available to us. How could they
NOT become richer? They earn more on their assets because they pay little or no
taxes. We
could become richer TOO if we paid ZERO taxes. Many like Trump’s friends
and family pay nothing so they add another 20% to their wealth every year. The
heads of our corporations now
earn 312 times a worker’s pay up from 30 to 1 in 1978. They avoid tax on
most of their pay while a worker pays 14% in 6 tax areas. They even obtain tax
breaks from our cities on each location. Wealth inequality will eventually
become untenable in America like it has in every society in history. When the
winners take all—90% of all our assets—bad things happen. More workers realize
the dream is closed to them.
We must act now to
survive: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977
**************
Truth isn’t truth, his
lawyer says
Two Americas
***********************
How Govt wastes our money: Congress spends $1.3 Trillion we don’t have!
AZ law
makers have immunity from arrest for their law breaking: how about us?
Trump lied: more troops STAY in
Syria—guerillas regroup to fight again.
SCAMS/SPINS:
Forget the B.S.:
Read the ‘Green
New Deal’ resolution for yourself—just 1 page.
Why Trump calls ‘media
the enemy of the people’: ‘Truth is not truth’ it is what I say.
Trump mob violates
disclosure like Jared but just says ‘sorry’: no
fine, no punishment.
21,000
give money to online ‘friend’: lost $143 million. Few caught, no refunds.
Bruce Worthington,
MA, caught stealing
$100,000 with fake returns, docs: fine no jail.
IRS
employee leaked Trump’s ‘fixer’s suspicious bank activity: Deep state or
hero?
Franklin Templeton
Funds overcharged
their own employees too: $14 million fine.
Cardinal Theo
McCarrick caught
child sex abuse, cover up, misled
us, lied: no jail time.
Catholic parents
question traditional function of church in child-raising. NO trust.
Survivors: You are “murderers of the
soul.” Priest “made me get 3 abortions-no condoms
Smollett
fakes attack because he is “dissatisfied with his salary!” Just ask for a
raise?
Who
can you trust? Top Merrill broker caught overcharging $2 million for years:
Jailed.
Old scam comes to
‘life’: Using ‘young’ person’s blood
does nothing about aging.
“I
didn't need to do this," on declaring the emergency. "But I'd
rather do it much faster."
“Scam
the stupidest people in his base,” according to Coulter on Emergency Border
$B.
How can we re-elect
this fellow? Polls
say yes. A challenger
might take some his 44%!
“Individual 1” could be a Russian “asset”: Why FBI
opened a file on The Mob Boss.
Trump
made chaos as Putin wants: EXIT NATO,
IRAN,
SYRIA,
INF
Treaty, AFGAN.
The Mob Boss can never go to jail: Trump
has Kava as Supreme so no indictment.
‘No man is above the
law’ … well up till now. Dictators
nullify courts first, then votes.
Supremes
protect Don’s ‘Orders’? – GOP: ‘Sure, pres
can change
Constitution anytime.’
----------------------------------
Jobs:
Women
are moving into creative-science (better paying) jobs.
How we can deal with
financial stress https://www.benefitnews.com/opinion/how-employers-can-help-employees-deal-with-financial-stress
Who owns your account now?
Your refund: https://www.irs.gov/refunds
Survivor help-group
provides support on financials: https://www.wingsforwidows.us/
Shopping
car insurance pays: 75% shop once over the past five years; 40% in the
year.
Miracle:
Priests
abuse & torment deaf kids: who is in charge? Pope
condones abuse? No jail time!
Hospital
guards ‘dance and sing’ with autistic man to relieve his pain. Teach others
too!
IAN
41 Watchung Plaza,
B242
973.746.2014
Alerts available
at http://dankeppel.blogspot.com/
No comments:
Post a Comment