We are paying the
taxes that Don is avoiding
“I have friends
that are very rich and never get audited. I’m
audited every year. Maybe that’s because of politics, who knows.” He is
audited every year because he has questionable deductions. The last taxes we
saw, in 1984, showed he was a sole
proprietor Sch C, ‘consultant’ with
NO income and $619,227 in expenses. ?? That’s very unusual. Just as he had no
taxes paid in 1978 on $406,379 income and no taxes in 1979 on $3,443,560 income.
His charitable
deductions are suspect too. Every American would be audited under those
circumstances. It is not political. Don might have needed to make his taxes
look “normal” after he decided to run for Pres and Chief of the IRS. Real
estate moguls often use the huge depreciation allowance of real estate
accounting to defer taxes on the gain of their investments. Some rental RE
owners show only deductions during the useful life of their properties.
You can join Don in
paying ZERO taxes legally: https://www.amazon.com/New-American-Retirement-System-Tax-FREE/dp/1461030072
What if your
brokerage firm says ‘goodbye’?
Brokerage firms
want more money, even though their operating margins
are over 45%. They're telling their salespeople to bring in more
multi-millionaires. No more small accounts. The ‘personal’ touch you used to
get for $250,000 wasn’t much so now you will need to give them all your assets
to get attention. $750,000
is the minimum now so the firm can take at least $15,000 a year. Actually,
this is a good thing for you.
You were on your way to giving
up 63% of your total potential nest egg because fees compound. Brokers need
more income because the smart money is moving to low-fee
providers like Vanguard. Your brokerage firm’s CEO just can’t make it on 2%
of $250,000 customers. Brokers are no longer paid for your business anyway.
Use Wall Street’s
Secret Sauce: https://www.amazon.com/Wall-Streets-Secret-Sauce-Big-Long/dp/1536845248
Why is your
employer cutting your 401k match?
Cost! First they cut company-paid pensions. Then they cut pensions. Now they cut matching for your 401k contributions. After years of trying to get employees to put in more toward retirement, your employer may be cutting back. You may even lose matching contributions. They don’t want to help you with retirement. We are on our own. If they don’t match, you can make your own pension and make it FREE of income taxes forever. Instead of paying tax when you retire, you can spend all your earnings. This may add 30% to your nest egg since you avoid federal and state income tax as well as tax on your Social Security benefits.
Cost! First they cut company-paid pensions. Then they cut pensions. Now they cut matching for your 401k contributions. After years of trying to get employees to put in more toward retirement, your employer may be cutting back. You may even lose matching contributions. They don’t want to help you with retirement. We are on our own. If they don’t match, you can make your own pension and make it FREE of income taxes forever. Instead of paying tax when you retire, you can spend all your earnings. This may add 30% to your nest egg since you avoid federal and state income tax as well as tax on your Social Security benefits.
You may be ahead by
using your own tax shelter: https://www.amazon.com/Tax-Shelter-Americans/dp/1500426520
And why your
employer is cutting your health insurance
Cost! The percentage of employers with fewer than
100 workers that offer healthcare benefits to their employees has declined an
average of 24%, reaching as high as 36% for companies with fewer than 10
employees. Meanwhile, health insurance offer rates among larger employers have
been holding steady. Even though the ACA
exempts employers with fewer than 50 employees from providing healthcare
benefits, it created health exchanges for those employers to help their
employees obtain healthcare. But exchanges, says EBRI study author Paul
Fronstin, simply “haven’t taken off. Just because you create something doesn’t
mean [employees] will use it.”
Some policies are $100 a month: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083
This is why you
never got your check to fix Sandy damage
New York authorities charged a Long Island engineering firm
and one of its former executives with forging
damage reports for homes swamped by Hurricane Sandy, altering the documents
in such a way that owners’ flood insurance claims
were denied.
Matthew Pappalardo and his former employer GEB HiRise
Engineering PC were named in a 50-count indictment accusing Pappalardo of
directing his staff to remove
descriptions of flood damage from least 25 reports that had been prepared
by subcontractors who visited the properties. Lawyers say it was a widespread
practice intended to benefit the Federal Emergency Management Agency’s flood
insurance program and the private insurers that administered its policies
following a storm that caused more than $75 billion in damage. FEMA, $24
billion in debt after 2005’s Hurricane Katrina and other storms, pressured insurers
to hold the line on Sandy payments.
Wealthy political
donors support America’s Socialism
for the Rich
$44 billionaire
warns fellow billionaires that we
will likely degenerate into socialism or corporatism, as two-tiered
societies typically do,” Charles Koch told attendees. Koch’s oil and gas
firm worries he will loose the lucrative
government subsidies he receives if Dems win elections. Other attendees
wish to receive corporate
welfare but do not wish to pay their fair share in taxes. Koch,
headquartered in KS, has recently had the state eliminate the income tax for
all businesses even though it expands operations in other states. Most large
corporations obtain subsidies
or tax breaks that are never discussed by their Washington ‘reps’. Many like Boeing receive huge state
benefits also. Koch told his rich buddies that society must “look” like it
is NOT rigged; people will get desperate.
If you need
immediate income for life
There are two
common ways to receive monthly income for life: mutual fund vs annuity. Annuity
is guaranteed for life or life plus certain number of years. A
male gets $603 per month for life in return for $100,000 at age 65. If you
are in good health, you could have $238,680 by age 95 but you break even if you
die in 12 years. You can take $500 and heirs can get something if you pass in
under 20 years. Of course, $603 will be worth $300 in 20 years. Mutual Fund is
tricky. You can take $600 a month from the principal and receive increases for
inflation. You have a 54%
probability that your money will carry you for 20 years. The annuity wins
because ½ the people die before they get to use all of their deposit which is
invested in bonds 50%, stocks 40%, cash 10%.
GOP’s no-tax experiment in KS was just defeated
Voters in KS have removed 11 very conservative reps who
helped gov Brownback pass a law eliminating the income tax on Koch bros and
other wealthy people. The voting occurred against the backdrop not only of the
state's fiscal woes but ongoing legal and political disputes over funding for
public schools. The state Supreme Court could rule by the end of the year on
whether the Legislature is shorting schools on their state aid by hundreds of
millions of dollars a year. Kansas
has struggled to balance its budget since the GOP-dominated Legislature slashed
personal income taxes in 2012 and 2013 at Brownback's urging to stimulate the
economy. Koch and other businesses have NOT increased jobs and have taken their
tax refunds OUT of the state. They buy business in other states and countries.
No one wants to run a business where the schools fail.
Avoid paying the taxes NOT paid by the rich: https://www.amazon.com/Tax-FREE-Millionaire-refunds-built-tax-FREE/dp/1482593289
Poor now allowed to save for emergency
Some states allow new ABLE account, which could help
millions of disabled adults who worry about losing food stamps, cash benefits,
or life-sustaining health insurance if they accumulate more than a couple
thousand dollars. Three of the states let residents of any other state open an
account. ABLE accounts are tax-free if they go toward disability-related
expenses, a broad category that includes housing, education, health care, and
basic needs. If you need Medicaid to live, you can’t keep money you earn and
you can’t have income from a spouse. Florida ’s
program will be restricted to residents, the other three states – Ohio ,
Tennessee , and Nebraska
– are open to people who don't live there. ABLE accounts may be available
online. Family can give $14,000 a year so disabled can live more independently
and don’t need a trust when parents die.
Which candidate is the better liar? Presidents
must lie to keep power.
It is good to know that both parties act as juvenile
petty-power cliques.
Big oil donors spending $ millions to keep
GOP subsidies coming from Washington.
Can a bully be treated? Mental health is a factor in 2016
People who bully others may also benefit from therapy,
though they may be reluctant to acknowledge their bullying behavior openly. In
therapy, bullies may begin to understand the impact their hurtful behavior has
on others, explore reasons for why they bully, learn new skills for
communicating positively with others, and address personal experiences that may
have contributed to their bullying behavior. Often bullies have unresolved
personal wounds that contribute to their bullying behavior, and addressing
these emotional wounds or identity and social issues with a
qualified therapist can be an integral step towards stopping bullying
behavior. The ultimate solution is to reverse the large-scale abandonment of
our youth to the peer culture and, in every way we can, to rebuild
children’s lost relationships with parents, teachers and the other adults. Bullies
have trouble focusing on anything but their own self-worth. A 70-year-old
man-child.
Don does not really want the responsibility of
president—he
just loves the spotlight.
Don: He "has said nice things about me". This is
the standard
by which I judge people.
I get secrets
briefing despite one official saying: “He’s
been so uninterested in the truth and
so reckless with it when he sees it, I would refuse.” “Trump admires
Putin.”
“I
“knew” Putin 3 years ago but today I don’t “know” him” media ‘misunderstood’
“She's the devil."
"I'm afraid the election
is going to be rigged, I have to be honest".
Gold
Star father is a “terrorist sympathizer” who is angry I will bar “Islamic
terrorists.”
VFW says “ridicule
a Gold Star Mother is out-of-bounds.” GOP is silent.
“I always wanted Purple Heart” but never to earn it so I took a real hero’s Heart.
“I always wanted Purple Heart” but never to earn it so I took a real hero’s Heart.
“So
why can’t I use nuclear weapons, exactly?” Scary but ISIS
is crazy too!
Bloomberg
doesn’t know my business dealings are a ‘con’ or does he.
Harvard
thinks I am a “threat
to the survival of the Republic.” Poison to country.
Mike: Roe v Wade (abortion
legal) will be overturned after Donald is elected.
Hill: Campaign
theme: Would
you rather be ruled by Trump?
“FBI
Director James Comey
said I was 'truthful' on my emails” BS Why lie?
Now Don wants to double
what I would spend on infrastructure: GOP says no!
Tim: Speaking
Spanish is not going to win voters to Hill. She needs vision statement.
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!
.auto safety regulators are extending
oversight of Fiat Chrysler for an additional year.
.Matthew Pappalardo GEB HiRise Engineering caught
altering Sandy damage reports.
.Hank Werner Legend Securities caught stealing
$184,000 from elderly blind woman.
.FBI
did not tell DNC it was target of Russian government-backed cyber attack.
.BasisPeak watch recalled – it
burns you but not when you want it to.
.Ford recalls 840,000 – doors
open while moving – cheap
spring brakes like on GM cars
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
Wealthy Dem
donors have SS # hacked by Russia with Don’s blessing.
Deutsche Bank reviewed Don’s financials when he wanted a
loan. He claimed net worth of $3.5 billion. The bank concluded Trump’s
net worth was $788 million. Illusionist?
Ten most stolen vehicles http://www.bankrate.com/finance/auto/10-most-stolen-vehicles-1.aspx
U.S. Attorney’s
office has ordered sealed the autopsy report of victim Alton Sterling
Zimmerman punched as he was bragging to diners about shooting the 17-year-old.
Ignoramus Award: Police
shoot
man in home: Oops wrong address Shoot first ask later!
How our government wastes our money
Zika
now in Miami mosquito bites because Congress would not give funds for
control.
F-35 $400 billion program suffers
from a series of problems yet Air Force says “ready”
Who investigates the investigators? FBI
veteran giving secrets to China – It’s Hill’s fault!
Who owns your account now?
MetLife insurance and annuities assigned to CSC
for servicing
EverBank to TIAA
IAN
41 Watchung Plaza, B242
973.746.2014
Alert
No comments:
Post a Comment