GOP 'socialism': tax money to chosen few

GOP ‘socialism’

Example: Agribiz ‘will not be able to lose money’ with these subsidies. As Trump tries to scare Americans about left-wing DEMs, Congress passed the vast subsidies to large farm corporations. This is the agriculture’s bill. America’s version of socialism includes ‘crop insurance’ which provides premium subsidies to insurance companies and guaranteed prices for crops. Corporate farmers can’t lose. They can add ‘first cousins, nephews, and nieces of farmers to receive up to $125,000 in annual farm subsidies even if they are not farmers themselves.’ Corporate farms owned by those earning more than $1.8 million can funnel subsidies through other ‘pretend’ farm associates and relatives. Already wealthy agribusiness is paid to “buy up land in order to keep it dormant.” 54% of all cropland is rented so ‘landlords’ are subsidized, just like in cities. Land prices are inflated. Subsidies favor certain crops—corn gets 46%—and so the government makes certain corporations winners. According to one Rep: “Under what we have put in the bill, you will not be able to lose money, unless you really try.” Research firms are subsidized—‘stones are commodities’? Most small farmers actually receive NO subsidy. 40% of subsidies go to top 4-7% farm conglomerates, just like in Russia. Subsidies go to the more ‘equal’!

All 87 Senators voted FOR American Socialism for the Rich. Some Reps get subsidies!

It’s GOP socialism: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

Where can you earn 9-13%?

Don’t forget to add in your dividends. Ask your broker and advisor to calculate your returns the last 10 or 12 years (including the ‘Fed bailout of 2007-8). It is your money, not theirs. Most smart money managers have most of their money in a low-cost market fund because COSTS KILL returns. Compare facts to the myth of Wall Street ‘managed’ funds: Facts: Jan 1, 2006 to Dec 31, 2018 = 9.3%; 2007-2018 = 8.76%; 2008-2018 = 9.06%; 2009-2018 = 13.96% a year. Ask your advisor to show you ALL the costs and your actual NET earnings after tax each year:
Sales Loads (including Sales Charge (Load) on Purchases and Deferred Sales Charge (Load))

Redemption Fee

Exchange Fee

Account Fee

Purchase Fee (Although the fee table in Form N-1A does not specifically include "purchase fees," if a fund imposes one, it would be included in the fee table under this heading.

In the fee table, under the heading of "Annual Fund Operating Expenses," you will find:

Management Fees

Distribution [and/or Service] (12b-1) Fees

Other Expenses

Total Annual Fund Operating Expenses

Now explain again why John Bogle’s index fund is not the wise choice for most investors. And why Warren Buffett is right about hedge funds.

https://www.amazon.com/Pimps-Wall-Street-money-middlemen/dp/151525254X

Is your Advisor/Broker really ‘Acting in your best interest’?

Advisors/Brokers mislead Americans about ‘acting in our best interest.’ Two years ago, 46% of investors incorrectly believed that their financial advisor would only make recommendations in their best interest. In 2019, that statistic has risen to 65%. Most of us don’t trust salespeople whether selling used cars or financials. However, when asked about their own experience, they have become a victim of a salesperson’s strategy. Presumably once we make a commitment by giving them money, we defend our decision. No one wants to admit they made a mistake. Yet the number of frauds and ‘death by a thousand cuts’ goes higher. A salesperson is under tremendous pressure now because there are many alternatives to reach financial goals at less cost with unbiased advice. Brokers hide the total costs because they can take over 63% of your total accumulations. Only RIAs are legally required to act in our best interest. Brokers have little accountability. Trump killed the Obama Fiduciary Rule for all firms and sellers.

Don’t surrender your common sense: https://www.amazon.com/Avoid-Scams-Brokers-Advisors-Sender/dp/1726328023

Is home ownership worth it?

In today’s market, you need to ask hard questions and do your homework. Can you afford the price, ongoing costs, and responsibilities? There is really only one good reason to buy: you are able to put down roots in one place for the foreseeable future. We used to live in Manhattan—on E 7^th Street. We loved it and the rent was reasonable because the area had not yet gone ‘developed.’ We walked to work and rented a car to go out of town. However, when we had a child, we realized we could not afford to raise a child there—financially. Plus after living our adult lives in a small pre-war apartment we were tired of the lack of space, grass, air, quiet, and other unmentionables. So we did what previous generations did—we saved like mad. No more vacations, wasted impulse buys, etc. We did not stop investing in our retirement funds. We did research on where and how to live. We settled on downtown Jersey City. We could get to work on trains. We could buy a beat up 1860 brownstone and rent 3 floors—using the rent to pay the mortgage. We had to take care of tenant problems but we saw no other way. We underestimated repairs and maintenance. We spent most weekends fixing things. We had to move for better schools.

Ask for homeowners’ discounts: https://www.amazon.com/Homeowners-Insurance-Beware-False-Coverage-Policy/dp/1480100870/

Why is successful investing so hard yet so easy?

Warren Buffett gives his comments in an interview recently. Most of us are not up to analyzing or understanding everything he says but there are few takeaways that seem clear: Follow the big picture. We, including our brokers, are not equipped to judge individual companies. His advice: invest in America—S&P 500 gains have meant if you invested $1 in it over the last 77 years, it is now worth $5,000. You do nothing else. It is hard to pick the right stocks all the time. It is hard to believe that when the 500 largest stocks in America (S&P 500) go down they will go up. However, he keeps saying we must. He believes it so much he put in his Will: put 90% of my estate in an S&P 500 index fund and 10% in governments. He has invested during every period from Hoover on. He never owns more than 10% of a stock. Buffett has the money to invest in many companies. We are like Billy Beane—limited budget so we take Buffett’s advice and use the Warren stats: $1 became $5,000 over time in a low-cost S&P 500 index fund.

Remember Billy Beane: https://www.amazon.com/Money-Ball-Investing-Winning-unfair/dp/1548831409

Can I pay my Federal tax bill over time?

Sure. Many have found that Trump gave everyone else a break except them. Now you and I have to pay for the corporate and wealthy tax cut. If you got caught with the property tax cap of $10,000 and other changes, you may owe. Those who got a refund last year may owe $4,000 or more. After all the average home in northern NJ is taxed at about $20,000. Many have had their traditional deductions cancelled. Your closing costs even for a reverse mortgage may be deducted. However, many other fees are not. Save on filing fees at https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free. If you owe, file by April 15 and pay what you can. Tell the IRS that you need a couple of months by filing online: https://www.irs.gov/payments/online-payment-agreement-application. Longer payment plan requires charges.

Use Trump’s tax shelter: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

Is Long-term Care coverage right for you?

GE Genworth is raising the price of long-term care coverage. Sales were continuing to slow so GE is halting individual sales through brokers and going with Telesales only.  Few insurers remain in the market for traditional LTC insurance: GE Genworth, Massachusetts Mutual, Mutual of Omaha, New York Life and Northwestern Mutual.

The largest long-term-care insurers have stopped writing new business entirely, including Continental Casualty, John Hancock, MetLife and Unum Group. Some carriers sell hybrid policies—life insurance and LTC coverage together. These appeal to more buyers since their heirs receive a death benefit if the LTC coverage is not needed. More buyers have found some coverage through their employers’ group plans. LTC policies have many working parts so it is difficult to compare price and benefits.

Know all alternatives: https://www.amazon.com/Long-term-Care-Insurance-better-alternatives/dp/147006877X

**************

Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

“The campaign -- for him -- was always a marketing opportunity.”

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!

***********************

How Govt wastes our money: Congress spends $1.3 Trillion we don’t have! 

Trump told to give all 47,083 children back to parents

Taxpayers give $4.5 welfare to create profit for Hudson developers: Socialism?

Trump Wall costs $25 million per mile!: $18 billion total, TX lose their land!

No WALL: Smart Port of NY seized largest drug shipment in Newark NOT TX!

Trump’s America: Tax money for war—less for human needs, no infrastructure.

GOP sells its soul to the devil: Reps turn back on American people!

SCAMS/SPINS:

DEMs could fix infrastructure (schools, bridges, roads) with GOP: spend wisely.

Trump prison guards defy Congress on abusing kids they hold in camps on border.

Trump Mob illegally stopped school equality program to end unequal special ed.

High tax states have inflows not outflows--people flock together: Avoid taxes legally

irs.gov/newsroom/irs-wraps-up-Dirty-Dozen-list-of-Tax-Scams-for-2018-vigilant

Jeb Bush caught accepting foreign money too. Does anyone follow the rules anymore?

Wealthy have always bought their way into ‘better’ colleges: Trump, Bush, etc, etc

79 brokerage firms caught overcharging us for mutual funds: no fines, no jail

BEWARE: When money managers pay us to buy their products—Look out later.

Avoid-Scams-of-Brokers-Advisors-Sender/dp/1726328023

Hedge funds lose faith in quant strategies: Losses kill the trends

AZ boosts ‘junk’ health insurance: low price=low coverage for 3 years then what?

"Money Doctor" Dallas caught stealing $20 M from seniors: risk-free return ponzi. Nojail

Richard Cody, FL caught lying to clients about loss of nest eggs. Jail 2 years.

John G Schmidt, OH, caught stealing $1.3 M from elderly. Defrocked.

Fiat Chrysler recalls nearly 865,000 for pollution: owners paid for lower resale.

‘Lumber’ Liquidator’ caught lying formaldehyde-laced laminate floors: fine, no jail time.

OppLoan funds cost 99%: $4,000 loan 36 months costs $12,600. Find alternatives

Timary Delorme, Wedbush, caught ‘pump & dump’ penny stock fraud: defrocked, no jail

Embezzlement insurance: your broker has to be in handcuffs to get paid. Most pay fine.

Many colleges caught overcharging their own employees $ millions—no jail time.

Trump declares himself winner of golf tournament he never even played in! Sick Sick Sick

Trump thinks “Airplanes are … too complex to fly”: Make America FEAR Again?

Software-driven cars may kill more people than Boeing. Programmers not omniscient.

Boeing caught hiding software problems from pilots: Killed 346—“no need to know.”

GA bill to control men’s sex acts matches pro-life control of women’s

OH judges OK cuts in planned parenthood funds to control women’s sex acts.

President of all Americans wants to put Bible study into public schools—‘turn back’ time

Don: Hunchback of Notre Dame helps explain why immigrants are necessary to society.

Ivanka makes excuses for Daddy; husband trying to act with authority plays King fool.

“Individual 1” could be a Russian “asset”: Why FBI opened a file on The Mob Boss.

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:

More employers offer college savings plans: matching & payroll deduction.

Help neighbors, earn money: https://askumbrella.com/

Jobs never returned since Trump gave corporations our tax money

Who owns your account now?

News, straight from Associated Press wire service: https://apnews.com/

Don’t need credit card in Philly—law requires all stores take cash

Your ’15, ’16, ’17 tax refund awaits: $1.8B-- irs.gov/individuals/get-transcript

Miracle:

Cure from sickle cell anemia: stem cells were genetically modified to correct a DNA flaw

Indian Tribe donates all the funeral charges for 23 tornado victims of Lee Co, AL.

Parents of unvaccinated child make him suffer for months from tetanus: he recovers!

We care about inequality: 1/3 of $ Billions on GoFundMe are for medical necessities

Yet one group wastes $61 Billions tax money on stuff we don’t really need.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Trump’s own Socialism: he pays no taxes and gets all the elite perks just like Putin

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.

https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584/

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

**************

Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

I, Trump, have a new idea for a parade, fireworks on July 4th

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!

Can’t understand why unpaid workers (slaves) need food banks

Is this our America? Forced off bus to prove citizenship; ICE says papers are fake

***********************

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.

Trump wants the Wall to stop the drug epidemic: shut down Oxycontin maker’s scam.

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%!

“If we could get the Klan to clean out D.C. socialist-communists” AL newspaper owner.

Trump gets Japan PM Abe to nominate Trump for Nobel Peace Prize: What Gall!

“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:

Prepare for the robots by staying ahead with your skills: They never fire the supervisor.

Women are moving into creative-science (better paying) jobs.

Local sheriff carries out Trump’s ‘press is the enemy of the people’ on 12 year old.

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:

Will enough mass shootings teach us to remove guns from the market?

Priests abuse & torment deaf kids: who is in charge? Pope condones abuse? No jail time!

Where are the children of the priests who fathered children by nuns and other children?

Hospital guards ‘dance and sing’ with autistic man to relieve his pain. Teach others too!

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts available at http://dankeppel.blogspot.com/

Which investment is best during market volatility?

Which investment is best during market volatility?

The market is continuing to rebound from its low in December. With the possibility of another government shut down and the fall in annual GDP, where can we rest for the long haul? What is Buffett doing? Buffett is always concerned about the future value not the next year or two. Our first question: Am I concerned about my long-term (10 years) money or short term swings? Most unbiased advisors tell us to “don’t sweat the small stuff” or “my holding period is forever.” Most long-term investors don’t panic and “stay the course” and “press on, regardless.” That was John Bogle’s common theme. When I have doubts, I look at this chart: IVV (market) for Max time (2000). Am I better off for staying in through 2007-8? Yes. This was why Buffett won the bet with stock-pickers recently. But I am getting nervous. I am close to retirement and can’t afford to wait long if the market is flat for many years. My choice is to stay in the market but move 25% into an experience balanced fund like Wellesley Income (62% bonds). It returned 9.5% since 1970 and 8% for last 10 years. I have to go with people who are smarter than me.

Trust wise unbiased advice: https://www.amazon.com/Buffett-Bogle-Holy-Bible-Investment/dp/1523693045

Dems can’t make the wealthy pay their fair share of taxes

Wealthy people have ALREADY figured out how to avoid paying high taxes. No one paid 90% back in the 50s despite the IRS rules. Some Dems have proposed a 2% levy on fortunes of more than $50 million and a 3% tax on the assets of billionaires. Others want to raise the tax rates. But unless Congress gets rid of the loopholes and special provisions used by themselves and the rich, Dems are just conning us. For instance, Jared, like father-in-law, uses the real estate tax shelter to pay no income tax. Tax rates don’t apply to him—his assets are in LLCs. He even gets a refund from us. Some wealthy folks have moved their money overseas like Apple and other the larger corporations. In fact, we pay many corporation’s taxes for them in the form of ‘subsidies, grants, loan guarantees,’ etc. Some wealthy people use their own private foundation/museum to hide assets or like Trump, use them to offset income. Many use their failed business ventures (using bank loans) to offset income. Trump declared a $916 million loss on his 1995 income tax returns, a tax deduction so substantial it could have allowed him to legally avoid paying any federal income taxes for up to 18 years, records show. The wealthy use many ways that are legal. In fact some of the tax code was written by them just for them. Certainly the rich use special accountants and lawyers to make sure they don’t pay. When income and assets are hidden, tax rates mean nothing. We can use a small business and a special tax shelter to help us avoid paying their taxes. Rich are way ahead of us on income.

Use your tax credits: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Free tax preparation by a live person or easy software to efile

January 28 was the first day of FREE ‘human’ preparation by AARP tax-aides. Or use the commercial software provided from the IRS site to efile yourself. Pick one at https://apps.irs.gov/app/freeFile/. Since many of us take the standard deduction, the electronic forms are easy to complete and efile—refund comes quicker. Make sure you have all of your docs: https://www.irs.com/articles/tax-form-checklist. For human preparer, sign up at locations near you: https://www.aarp.org/money/taxes/aarp_taxaide/

Average refund can secure nest egg: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

How much do you need to save for retirement?

Does your advisor show you how to project your accumulations for retirement? Do you know how much your 401k will grow over time? Is your nest egg growing well or do you need to add more money? Have you compared your balance to the mean and average for your age group? Which software can you use to have some idea how much you will have vs how much you will need? Find out now so you can change.

It’s your life: https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

**************

Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

Yes, he ‘coached’ Cohen for Congress, his new lawyer says

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!

Can’t understand why unpaid workers (slaves) need food banks

Is this our America? Forced off bus to prove citizenship; ICE says papers are fake

***********************

How Govt wastes our money: Congress spends $1.3 Trillion we don’t have! 

FAA started closing airports: unpaid controllers may be stressed—out of money!

Shut down promised by Trump in 3 weeks: Can gov make slaves (no pay) do anything?

EPA under Trump stopped enforcing law against polluter criminals: Years to restore.

Trump’s Apple factory jobs promised WI 13,000 jobs: gone with $4 billion subsidy.

Trump gave $60 million to consultant but hired only 33 out of 1,500 border agents.

Trump: ‘after all I did for the military’ they owe me ‘I’ve done more than any president’

Congress told it will ‘take at least a year for the IRS to return to normal’: no audits!

5,000 military called to arms INSIDE United States to control Dems & resistors to Trump

WALL not needed: Drugs enter US in trucks not on wall —give drivers asylum! Cheaper

SCAMS/SPINS:

Scammers use SS own phone number on caller ID to steal our SS info. BEWARE.

Hackers use your home security cam to feed false alarms: Fake News—‘missile attack’

Enova caught debiting consumers’ bank accounts without authorization: fine, not jail.

Brokers are warned to stop overcharging clients for 529 college savings plans

8,400 scammed: protect yourself 5 tips—‘con’ short for ‘confidence’ men. Trust none.

MetLife scammed thousands out of death benefits 1992-2007: kept money for profits.

Phillip Michael Carter, TX, caught Ponzi with fake promissory notes: 270 victims.

FDA warned 23andMe to stop selling tests that claimed to foretell medical conditions

Fiat recalls Ram trucks for power steering failure

Is Chevrolet really more reliable than Toyota, Honda, Ford, etc as claimed on TV?

GOP questioning the citizenship of thousands of DEMs in TX: 100,000 must prove self.

Trump’s news office is not WH but Sanders on Trump TV: propaganda for followers

Trump: I know more than our intelligence community—Putin talking!

Sanders: ‘God wanted Trump to win the 2016 election’ God wanted Hitler? Child abuse?

Putin passed law against gov ‘disrespect’: Trump’s next step? Dictator by ‘Emergency’

Trump REMOVES sanctions from Putin mobster so they can hack 2020 primaries.

Putin wanted Trump to put USA in chaos—national emergency “marshal law” next?

“Individual 1” could be a Russian “asset”: Why FBI opened a file on The Mob Boss.

GOP can’t say “You’re fired” to Mob Boss because his voters will ‘kill’ them in 2020.

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:

Amazon builds spaceship engines in AL: 300 openings

Truck drivers paid $90,000 at Walmart

FACT: Increases in minimum wages over time don’t destroy jobs or hurt growth.

Which industry creates most jobs? Durable goods manufacturing.

Who owns your account now?

The-Best-Customer-Rewards-Programs/2183066.html Free stuff for your sign up.

‘Hunters’ aren’t hunters but mass murders: Killing for damage is NOT 2^nd Amend. right!

‘Hunting’ rifles like these killed 58 music lovers; maimed 200 in seconds. Legal still!

Miracle:

Autistic kid in VA gives Fed workers his 72 jars of peanut butter (his fav food)

One Chicago citizen donates hotel rooms for 70 homeless on chilly night. No more gas.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts