Friday, May 8, 2015

Your taxes went to Chevron and then back to Boehner

Your taxes go to Chevron which gave $3.5 million to Boehner’s PAC
Chevron paid $3.5 million to Big Oil's preferred congressional candidates including Leader Boehner’s Congressional Leadership Fund. But Federal law prohibits government suppliers from making campaign contributions. Now the Federal Election Commission refused to enforce the law against Chevron. Chevron says the Chevron that accepts government money and the Chevron that engages in election spending are two different Chevrons. Chevron uses over 1,000 subsidiaries to provide $15 million to politicians. Foreign dictators can donate to PACs via subsidiaries too. If you don’t have $3.5 million to buy elections, keep your tax money out of politics.

Your taxes provide EXCELLENT bonuses to Donors—Are you a donor?
You have given huge tax refunds to GE, BankAmerica, Chevron, Boeing, Valero, Goldman, Citi while they are clearly making profits. They don’t pay taxes even though they can’t hide ALL their incomes overseas like many others. How do they do it? They just happen to be some of the largest DONORS to our “reps” in Washington. Is it surprising to learn some of our “reps” are multimillionaires? Are you shocked to learn they have “insider” information on the stock market? Former GOP leader Cantor deleted requirements from the Stop Trading on Congressional Knowledge Act in 2012 so now they can use insider info legally. Stop giving them refunds.


Are you glad you moved your money to low-cost index funds—60% vs. 20%?
Buffett has a 10-year running bet with the hedge fund managers at Protégé Partners about whether hedge funds can beat a low-cost S&P index fund, and the bet is now in its eighth year. Cumulatively the S&P 500 was up more than 63 percent, while the hedge funds gained only 19.6 percent.

GOP crazies
Three more are running—Neurosurgeon Ben Carson and former HP CEO Carly Fiorina—for president. Evangelist Huckabee makes three. Christie can make it a B dozen if Adelson believes he didn’t know his staff was in BridgeGate. Low odds given.

GOP candidate Carson says "You know Obamacare is really I think the worst thing that has happened in this nation since slavery." Former surgeon is thinking about his professional fees going down not about 11 million poor with coverage now.
GOP TX Gov has banned TX town from banning fracking in their town—talk about Big-government over-reach.

GOP candidate Graham thinks he can win by cutting Medicare
Sen. Lindsey Graham, SC says “I’m going to ask [people] to give up a little bit to make sure the system doesn’t fail.” “If we don’t, the baby boomers are going to wipe out Medicare and Social Security. We’ll become Greece.” This scare tactic won’t work since Americans know Congress gives benefits to corporations and rich that give them money. It is BS to say Americans will need to pay more taxes while more corporations and wealthy pay less. We already pay 30% of income on average while they pay 15% or less.  GOP needs to read “We the people …” again.

Christie creds in the toilet
In 2011, Christie promised to pay billions of dollars into the state's woefully underfunded pension system, while public sector unions agreed to cuts in benefits. "This is what catapulted him to the national arena. Now [that he reneged,] it's really hard to reclaim that mantle." Unions gave; but Christie did NOT. Spent $1 m for PR report about himself. Gave EXXON a $9 billion gift. Blames his secretary for Bridge scandal.

TX hates Obama so much they think he has sends Army to invade Texas
Gov calls out State Guard to protect TX from Special Forces. Many are ready to fight with real guns. Defense officials Monday dismissed as “wild speculation” an Internet-fueled claim that a massive summertime exercise called Jade Helm 15 for special operations commandos is a covert operation by President Barack Obama to take over Texas. Chuck Norris warns Army. McCarthy period returns to US. McCarthy used fear to gather support for political action.

GOP leader Cruz blames Obama for race unrest, Baltimore, etc, etc, etc.
Sen. Ted Cruz (R-Texas) on Wednesday blamed President Barack Obama for the racial tensions and unrest unrolling across the U.S., including the current turmoil in Baltimore.
You can’t make this stuff up.


Supremes taking America farther right?
GOP Supremes agreed to review Obama regs to encourage efficiency in the electricity market. Really, against efficiency or just for coal? Separately, Supremes ruled against a homeowner’s bankruptcy plan to pay even though Uncle Sam and Bank of America backed the homeowner.

Where are you putting your RMD?
Every person over age 70 has to start liquidating their IRA, 401k, 403b and most tax-deferred accounts. If you are still working and contributing to your plan, you can wait until you retire to start your RMD. You have no choice but to pay the tax you owe on your RMDs as your account is still growing. You can’t avoid tax by rolling over an RMD into another account. However to avoid future tax on future gains when you don’t need the money, you can deposit it—less the tax—into a tax-FREE Roth IRA. This money grows and earnings are tax FREE from then on (after Roth opened 5 years). The principal is always available for emergencies. You can even leave the account tax-FREE to heirs if you don’t need it for later health or custodial care.
This is your Retirement Income Insurance policy: http://www.amazon.com/Don-leave-work-without-Retirement/dp/1511980982/


Does your advisor’s financial plan cost 0.45% or less?
Vanguard has slashed the investment minimum for its Personal Advisor Services program that combines interaction with a human financial advisor and online features.
Instead of the $500,000 minimum Vanguard requires only $50,000. A Vanguard financial advisor discusses your financial goals, time horizon, and risk tolerance. Then the advisor creates a custom-tailored financial plan consisting of a portfolio of Vanguard mutual funds and exchange-traded funds. The annual fee is 0.30% of your assets, plus the fees for funds contained in your portfolio. Admiral Share funds cost between 0.05 to 0.19 percent. The company’s goal is to limit the all-in costs to roughly 0.45 percent.

Healthcare exchanges target part-timers to fill niche
Most private health care exchanges are geared toward active employees. But Tampa, Fla.-based Brown Insurance Group has an eye on part-timers who may have lost coverage or who never had access to group plans. Eric Brown, principal, explains how his private exchange allows employers nationwide to provide coverage to such employees through an exchange-like environment. Brown Insurance also assists with Healthcare.gov enrollment. Many businesses run on part-timers so this may help provide some coverages but price can be the problem. ObamaCare comes with subsidy. 


Are credit union accounts right for you?
Join the Defense Department CU and enjoy paid checking, free ATMs and lower loan rates. Pay bills online. What is not to like? You don’t wait on line for teller. Other national CU you can join and save: http://www.kiplinger.com/printslideshow.php?pid=9969

Is your debt past the limit—know your rights
Use the statute of limitations map provided below to determine your state’s debt collection time limits. Ask for full proof you have not already paid a bill that is really yours. Make a settlement offer. Claim insolvency or medical emergency to delay full payment. Get help at low-income legal office. Ask for Hardship Repayment Plan option. Has collector overstepped the bounds?  http://www.credit.com/debt/statutes-of-limitations/

Delete your questionable persona before job hunt?
Is it worth it to have a pro try to get rid of your past indiscretions? Only you know if it is worth $129 at DeleteMe: https://www.abine.com/deleteme/landing.php Most firms will do a background on you for most executive positions so it may help you. You can request “opt out” at major data sellers like Spokeo and Intelius. You just don’t know who has what and did they really delete it. Good luck. Even Congress people are being taped by the NSA and others. 

Lexus again all round best brand—surprise—Kia over BMW?
The Consumer Reports 2015 Car Brand Report Cards ranks automakers across the world by reliability, road test performance and other factors. For the second year in a row, Lexus topped the list, nearly matched by Mazda, and followed by Toyota and Audi. CR also predicts which are likely to go the distance (200K miles). The bottom of the list included Ford, Dodge, Mini, Jeep and Fiat. Benz beat Scion?

SCAMS           Why are we still paying $700 Billion a year for WWII deployments? That is 27 cents of each dollar in taxes—the largest part of our money—and we aren’t even at war. We could pay off our debts and fix our schools, roads and bridges!
We are paying for 164,253 of our active-duty armed personnel to be in 150 countries around the world. We have about 50,000 in Japan and 50,000 in Germany.
We are building another military base for Japan at Henoko. Air Force Chief of Staff Gen. Ronald Fogelman admitted that the Marines “serve no military function. They don’t need to be in Okinawa to meet any time line in any war plan.”

Are we preparing for WWII again? There are 1,208,083[1] armed personnel in the United States. Our taxes pay for about HALF of the WORLD’s military expenditures every year. We have wasted $398.6 billion so far on the F-35 program—they can’t fly safely.
We just can’t afford to pay for everyone else’s defenses anymore.
Japan, Germany and S. Korea can pay to defend themselves.
The War on Terror requires SEALS’ attacks on top terrorists at their homes. Iraq proved converting a nation to Western-style republic doesn’t work. The troops we trained ran away. We are wasting $4 billion a year on Afgan tribal rivalries; paying ransom to Al Qaeda; supporting corruption with our money.

Agents are pushing “Secret Presidents/Congress” accounts
It is just life insurance with big commissions. Yes, you can put a lot of cash in a life insurance plan set up to a build large cash legacy. You are told it is tax-FREE to heirs and you can earn 5% on your money. This is how wealthy people can leave money to heirs. They must be put into a trust to avoid estate tax. These policies may violate IRS definition of life insurance if they put in too much. It then becomes a MEC which is taxed like an annuity. The expenses are high but are smaller than the tax bill could be. For most people, this is NOT the best alternative. The IRS allows us to leave assets to heirs tax-FREE to the heirs on a “stepped-up” basis. Heirs pay no tax on these assets until the asset accumulates its own gains for the new owner. 

Brokers sell without disclosing all fees and risks—Fiduciary rule breaking
LPL Financial Holdings Inc must pay $11.7 million for "widespread supervisory failures," including sales of a risky type of exchange traded fund and other complex securities. Brokers sell variable annuities without disclosing surrender fees, charges, etc.
 
IAN
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