Friday, May 27, 2016

Don is used to $0 taxes

Don’s last public tax return shows $0 tax – “I try to pay the least tax”
And he did in the 1978 and 79 tax reporting. He can because he owns tons of real estate with depreciation and maintenance expenses to offset $ millions of income. He buys NJ plane with NO NJ sales tax. He calls out other millionaires for “false deductions” but gets away with murder on taxes himself. He avoids taxes because the Gov “wastes it in the Middle East and all over the place,” he said. IRS audits don’t exclude disclosure. Don may fear showing his flock how little he pays because he “writes off everything he has in his life — the hairdo, the plane — as business expenses.” He uses other people’s money (Pritzker) and government subsidies ($400 mill) to drive his mogul image but hides his own income with tax tricks created by 25 CPAs and lawyers. His bankruptcy cancels his worker’s benefits. Don wants to become THE tax collector, but doesn’t want voters to know if he’s an evader. Audit will ‘fix’ the $0 tax returns in time for vote.
Use your tax refunds to build legal Tax-FREE wealth like Don: http://www.amazon.com/Build-Your-Tax-FREE-Wealth-Reserve/dp/1456505041

Most rich people got there with a buy and hold stock investing
Most multimillionaires in the U.S. have a middle-class background and built their wealth gradually through hard work and buy-and-hold investing, according to the 2016 U.S. Trust Insights on Wealth and Worth released Monday. Solid family backgrounds and living with a purpose contribute to the disciplined attitude toward money. They value stock investments for long-term growth using consistent investing methods at work. The earn 11% not 3.79%. They value community involvement to improve other people’s lives. They don’t use accounting tricks to avoid taxes. They avoid taxes by NOT trading.

Vanguard cuts fees for mutual funds and ETF again
The largest fund manager took in the most deposits in 2015. Vanguard is owned by its investors so it runs funds “at cost.” As it grows, it lowers fees for all investors.  Example:
April 2016.
 Lower expense ratios for 88 mutual fund and ETF shares.
February 2016. Lower expense ratios for 42 mutual fund and ETF shares.
January 2016. Lower expense ratios for 35 mutual fund and ETF shares.
December 2015. Lower expense ratios for 53 mutual fund shares, including 21 ETFs.

Is an annuity right for your defined benefit pension?
Most situations do not benefit you. Garrett Planners almost never convert a defined benefit pension to an annuity. Advisors who stand to make high fees may claim that you will lose it all if the firm paying the pension goes belly up. Usually pensions are insured. Check the fees over a lifetime compared to the pension’s chance of default. Advisor’s plan can default too. There are no refunds when rates go up.


GOP lost voter suppression move in OH
Court struck republican law to restrict voting. Judge Michael H. Watson of U.S. District Court in Columbus said the Republican-dominated Ohio legislature violated the federal constitution and Voting Rights Act in 2014 when it reduced the state's early voting period from 35 to 28 days. The move also eliminated the so-called Golden Week in which eligible residents could register to vote and cast an absentee ballot at the same time. GOP would burden the right to vote of African Americans, who use (early in-person) voting significantly more than other voters," Watson said. With high-stakes voting cases also working their way through courts in such states as Texas, North Carolina and Wisconsin, "There is sorely a need for clarification" from the Supremes right now.
GOP uses “voter fraud” as excuse but there is no fraud, just discrimination.

Roth IRA adds $300,000 FREE to millennial’s nest egg
Retirees are discovering the real benefits of the Roth IRA and Roth 401k. Retirees have to pay taxes on their pensions and old IRAs since they received a tax break when contributions were made years ago. They were not taxed on all their income back then. Deductibility was the sizzle to most retirement plans then. Now they are paying the price. Some must also pay taxes on up to 85% of their SS benefits. When you add their part time work and taxable dividends, retirees may be in the 25% bracket. If the state does not exclude pensions and SS benefits, they may pay another 5-7%. When young workers compare the benefits of the Roth to regular 401k, they may see that paying a little more now can provide HUGE benefits later. They avoid paying 30% tax on their $1 nest egg.

Does our President need to be smart and truthful? Do they even care about truth?

What does Trump’s National Socialism stand for?
Reinstate older white male value system: Make America Great Again
Reinstate Christianity as the state religionbar all others from public office
Reinstate Christmas and Christian observance in schools, home, court, etc
Put up a wall, end trade, bring back repetitive “robotic” jobs back from low wage areas.
Cut regulation of all business activity, lower wages for women, pregnancy
Cut federal spending on health especially when control women clinics
Don will cut Medicare and SS benefits “if tax cuts don’t make big surpluses”
Cancel immigration for all the rapists and terrorists from non-EU countries
Limit rights of non-Christians, Muslims, gays, Asians, protesters, press
Increase debt and devalue debt. Let Mexico pay for the Wall.
Trade pacts are no good for us and no good for our workers.
Abolish IRS, EPA, Education, Dodd-Frank financial protections
National right to buy and carry any firearms anywhere anytime by anyone age 2 and up.
Install state Gov that cuts Medicaid, education, federal support payments, infrastructure.

Don: Hill will take away your gun rights. Forget that I wanted to ban assault weapons
            Even Lindsey supports me despite "race-baiting, xenophobic, religious bigot" label.
            Vegas police prove Don wrong—Muslims are here to stay
            Global warming is HOAX but I am building sea wall at my golf courses.
            My "liaison on Christian policy" televangelist Amedia will scare liberals out
            I never said $6 million gifts to Vets—tape says yes--where is the $2.6 million?
            I will debate Dems for $10 million. I won already so don’t need convention.
           
Hill: 2nd Amend is not target. It’s the senseless killing of kids. $250,000 for child killer.
            I goofed but hey, it’s just email, people. We Clintons never follow the rules.

Paul: I don’t need to endorse Don since he already won—I will be final choice of GOP.
            “We don’t always nominate a Lincoln and a Reagan every four years.” Really?

More young adults at home than with partners like 1900!
Not since the 1900s, have so many adults lived with parents. the proportions of both male and female 18- to 34-year-olds living at home are high—35 percent for the men, 29 percent for the women—and have grown in recent years, while the shares of those living with partners have plummeted. Young adults without bachelor’s degrees are more likely to live in their parents' homes, which in 2008 became more common than residing with partners did. The trend is driven by the experiences of more economically disadvantaged young adults.  Living alone or single parent rose in the 1970s. Wages have remained flat over the last 30 years while most expenses have increased. Parents and children seem to be more accepting of the situation.

Wells Fargo first bank to offer low-cost robo advisory
Robo-advisers manage client money using algorithms rather than traditional human brokers, and have been popular with investors who want to pay lower fees or prefer digital options. Wells will try to gather small investors early. Young investors with few dollars to spend use robo-advisors to pay less and earn more. Typically, fewer trades reduce taxes too. So the question for all investors should be, “how much does it cost to have your returns exceed the market by 1% or 2%.” Schwab and TD have introduced refunds on new money. Hedge funds do not refund but some have cut fees. Tudor will reduce fees to 2.25 % assets and 25% of profits soon. Most still can’t beat the index.
 

Regulators are the only protection we have since we can’t sue anymore
            “It is nearly impossible for one individual to take on a corporation with vast resources.” (GOP bill requires impossible: every person in class action suffer “same type and scope of injury”)
               Supremes stop us from suing—State courts no longer available to sue corporations!

.Does airport screening work? Last test says no! Rich (terrorists) pay $85 for PASS.
.MetLife caught misleading in annuity sales to vulnerable investors for retirement. 
.Senate repeals new Fiduciary Rule that protects us from high-cost retirement products
.Congress cuts investment advisor examiners from SEC budget: more misleading sales.
.Morris Zukerman caught evading $45 million in taxes using fake corp and charity.
.Insurers paying desk engineers to reduce Sandy claims—“pre-existing earth settlement”
.5 IRS phone impersonators caught stealing $2 million from 1500 frightened taxpayers.
.3 Idaho white HS racists rape black teammate with coat hanger after coach ignores signs.
.David Eghbali, Wells Fargo, caught shifting mortgage fees to earn higher payout.

We need regulation—GOP wrong—companies/cities wouldn’t fix bad products on own

SCAMS
Hedge funds who own PR debt accusing gov of preferential treatment to local creditors
'Swiss-Made' Watches is A Joke, Says Homegrown Maker Of Lower-Cost Watches
New bogus calls from IRS fakers demand non-existent tax, “Federal Student Tax.”

How our government wastes our money
Pentagon spends $HALF Billion on bands, uniforms, instruments but VA can’t give appt
Feds spend $50 Billions to keep old floppy computers running—no plan to upgrade--ever
            Control nuclear subs with 1970s IBM 8” worn out floppies and COBOL systems.
           
Who owns your account now?

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