Friday, August 19, 2016

Don wants to reduce taxes on the rich to 15% while we pay 33%

Don’s new tax idea—let the rich pay 15% not 40% using LLCs
You need to open an LLC soon so you can push all your income from self-employment through it. Don has proposed to tax individuals’ income from partnerships, limited liability companies and other so-called “pass-through” business entities at a 15% rate. Currently, LLCs do not pay tax but pass the income to the owners. They pay at their rate up to 39.6%. This will help Don since he uses hundreds of LLCs to reduce taxes. All of his expenses go against revenue so he ends up paying ZERO, as he did in 1978-79. His 1978 income was negative $406,379. ZERO tax. The next year, it was negative $3.4 million. ZERO tax!
More than two-thirds of pass-through income flows to the top 1% of tax filers. Like Don they charge everything (hair stylist, wigs, sprays, etc) to the business. Don’s jets and choppers cost $500,000 for 3 months charged to his LLC businesses. The campaign paid for part of it. He made few deals this year so his tax bill should be NEGATIVE—ZERO taxes. We will probably have to pay him a tax refund. America’s Socialism for the Rich means they pay 15% and we pay 33%.

Best Robo-Advisor – Reach Your Goals automatically
The Ultimate Automatic Wealth Management account. Fidelity found that their client accounts that were most successful were those put on automatic—left alone—forgotten. “The stock market is a device for transferring money from the impatient to the patient.” Warren Buffett claims that his holding period is forever. He advocates compounding (allow earnings on earnings to grow exponentially): "My wealth has come from a combination of living in America, some lucky genes, and compound interest." Robo-advisors work because money does NOT trade, rebalance, market time, buy high-sell low or sector rotate. It compounds exponentially.


Are our cars eating up our retirement nest eggs?
Edmunds.com found the average loan price for a new vehicle was $33,352. That makes the average payment $503 a month over 68 months! Since compound investing is NOT taught in our schools, we didn’t learn cars can cost us a $1 million retirement fund. How? Check it out:http://www.moneychimp.com/calculator/compound_interest_calculator.htm. $500 X 12= $6,000 annual addition, 30 years, 10% interest rate, 12 times compounding. If you begin late—age 40 or 45—you can still accumulate $1 million. You’ll need it. Retirement may go on for 30 years after you stop working. A special IRS account lets you spend it all too.
Use your Tax Shelter for Tax-FREE income: https://www.amazon.com/Tax-Shelter-Americans/dp/1500426520

How does muni bond interest (tax-FREE) increase my Medicare charge?
To keep the wealthy from getting another free ride, Municipal Bond income is included n your modified adjusted gross income. If your MAGI is below $85,000 (or $170,000 for couples filing jointly), you pay $121.80 each month for Part B. As your MAGI goes up, so does your payment, which tops out at $389.80 for individuals with MAGI of $214,000 (or $428,000 for couples filing jointly). Your MAGI is used to figure other tax breaks too. When your income goes up, so does the taxable portion of your Social Security benefits. Up to 85% of your SS benefits may be taxes by the Fed. Some states tax it too.
Your Tax-FREE account can lower all your taxes: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977

GOP to reinstate anti-black anti-minority voter laws
Gov McCrory wants to reinstate North Carolina’s voter ID law despite court finding it “passed with racially discriminatory intent.” Other states have faced similar court rulings over voter restrictions, as courts have blocked or weakened laws in Texas, Michigan, Wisconsin, Kansas and North Dakota recently. The courts found that GOP laws reduced the number of early-voting days and changed registration procedures in ways meant to harm blacks. Trump recently told supporters to stop people who they see voting 10 times. “I’ve heard a lot of bad things.” Voter fraud has never been proven in any state election site in decades. GOP and Don are using this as tactic to reduce Dems. Scaring voters with his immigrants are rapist talk would not reduce terrorists since most are from USA. Don would probably fail the naturalization test since he does not read. The Gold Star father challenged Don to take the test with him. Don and wives might fail.

Time to install single-payer health care?
Aetna is the third major insurer to pull out of the money-losing ObamaCare. Perhaps America can’t afford to have for-profit health care. We like some of ObamaCare benefits like affordable, acceptance, comprehensive, free screening, and preventive care. Extending Medicare Medicaid would not require a new bureaucracy. Medicare Advantage works for over 12 million seniors using local providers. Private insurers will want higher profits and will continue to determine how much medical treatments I can receive. It’s the perfect conflict of interest: they decide my health care—less for me equals more for them. You must become an expert in health to buy the right policy now.

Why life insurance is NOT a safe legacy for heirs
Agents selling life insurance make the case that if you pay all this money during your lifetime, your heirs will get the benefit when you die. But insurers have a trick. When you die, even after you have had to pay more premiums for low interest rates, they don’t have to pay the death benefit. If your heir does not make a claim insurers don’t pay. Either you pay for a lawyer to remember to file the claim or you switch to the alternative to life insurance. The most well known insurers have kept $ Billions in premiums and benefits. Your heir may never get the death benefit. 60 Minutes exposes this legal ‘crime.’

Don’s Apology: “Sometimes in the heat of debate, and speaking on a multitude of issues,     you don't choose the right words or you say the wrong thing. I have done that." 
           
Forget I said all this:

Don:    “Second Amendment people, maybe there is” a way to stop Hill (with gun?).
            Don’s manager paid by Ukrainian pol slush fund: helps Putin invaders?
            Ivanka supports working women although her business does not.
            I screen out individuals who don't "share our values and respect our people." 
            Vote for me so I won’t feel bad: "Can you imagine how badly I'll feel if I spend       all of that money, all of this energy, all of this time and lost?" I, I, I ?
            Extremist Breitbart’salternate reality is created for him on a daily basis”

Mike:    Sure, I will show my tax return. Why not?
           
Hill:    Don’s advisor said I “should be put in the firing line and shot for treason.”
            I think Don just asked the gun nuts to kill me. Some will try. Is this his exit?
            This election is like 1964: https://www.youtube.com/watch?v=uO0R4k1tVMs
            Joe says Don considering: https://www.youtube.com/watch?v=U-VzZQGWOqA
             In 2006 I promised 200,000 jobs to upstate NY. It’s hard to create new jobs.
            Bill will shut down his money machine if I am pres—he will find other deals.

Tim:    "I trust Hillary Clinton with our son's life."

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!

Your life insurance benefit may NOT be paid: all major insurers keep $ Billions
John Place Global Transition Solutions PA caught overcharging $13 mil commissions.
Michael Oppenheim Chase stole $20 million from clients then lost it trading.
Wear a strobe! Uber driverless cars fetched with a button. Pittsburgh pedestrians beware!
Amtrak Police Chief Polly Hanson caught giving $1 mill contract to boyfriend Thomas
Russia contributing to Trump PACs via Manafort slush fund. Putin hacking voting stats?
Sandy Winick, Vergara or Cheer caught "penny stock fraud” boiler room of $140 million.

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

When everyone has guns; your chance of being killed goes up. Police want gun control. They don’t know who to shoot. Shot a psych worker with his hands up while on ground. 

SCAMS
Very religious TX woman was convicted of keeping two Mexican slaves for 14 years
Global warming is understood by most school children but not oil rich adults.
Federal inmates making defective combat helmets for the U.S. military—manager?

Ignoramus Award: SS admin required seniors to obtain a smart phone to receive text message in order to access their SS account. Complaining changed SS procedures back.


How our government wastes our money



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