$1.5
TRILLION in cuts to rich and corporations.
Inequality increases. No pay increases set for 2018. Tax
cuts for workers expire in 2027 but biz subsidies continue and tax ‘pros’
are already exploiting the loopholes. “The
Games They Will Play: Tax Games, Roadblocks, and Glitches Under the New
Legislation” gives the wealthy strategies to lower their tax bill already.
Once the bill is final, some provisions will begin in less than a month. The
wealthy can switch income to a C-corporations and have “their income
accrue in the form of corporate profits.” Others may create pass-through for
lower rates. Eg: law firms could break themselves into multiple parts. If you
have your own brand (Trump-branded stuff) you can have an entity for each
product/service to cut taxes. All personal expenses (like Trump’s hairspray)
will lower net income. Since Congress has cut back on IRS auditors, you can bet
that many will skate by with questionable new ideas which are not illegal till
the IRS tells you so. One CEO says we are being tricked by GOP and
he is a Republican business owner.
Avoid future tax cut repeal to pay for lost revenue: https://www.amazon.com/Tax-Shelter-Americans/dp/1500426520
Will you and I pay for the GOP cuts?
Congress to cut Social Security and Medicare benefits
next year (Ryan) in order to pay for the cuts. If the economy
is already at high employment because of high growth, can the GOP cuts
stimulate more growth or just inflation? Most companies said they will pay down
their debt, buy back stock, buy other firms before they use cuts for
growth. Capital spending was the LAST on their list.
Are you going to spend your tax cut or just pay off your credit card? Or will
you help out your seniors who have their SS benefits cut? Middle class
rate cut is repealed in 2027. Again those least able will foot the bill.
Whatever happens with the stock market tax-FREE is better
When you invest, whether 401k or IRA or in a brokerage
account, allow the Miracle of Compounding to work on your money. Many employers
offer Roth 401k or you can use a Roth IRA on your own. If those alternatives
are not for you, consider holding individual stocks so your gains accrue with
no annual taxes. If you use low-cost mutual funds in our accounts, you can
increase your returns again. Tax-FREE and low-cost are the hallmarks of the
smart investor following Warren Buffett’s advice. Over time, the DALBAR study
found 11% for the market index and 3.79% for ‘professionally’ managed accounts.
Be a winner with tax-FREE investing: https://www.amazon.com/Money-Ball-Investing-Winning-unfair/dp/1548831409
Retirement plans at small businesses may be cancelled with GOP
tax bill
24
million workers could lose their retirement if the "pass-through" tax
rate proposal in tax reform legislation is not fixed. Tax incentives for small
business owners may be lost if they offer retirement plans. GOP tax reform will
result in many business owners paying a lower tax rate on pass-through income
than on retirement plan withdrawals. The House bill includes a 25 percent rate
for pass-through income and the Senate version results in a rate below 30 percent.
Small business owners in high brackets with pass-through income would pay less
tax by not making tax-deferred retirement plan contributions because plan
withdrawals are taxed at ordinary rates. Avoid the higher tax rates later.
Time to use your IRS tax-Free trust: https://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466
Are the alternatives to long-term care policies right for
you?
The industry is moving to hybrid products—life insurance
with LTC rider or annuity with LTC benefits. Advisors tend to offer life-based
hybrids to younger, healthier clients who seem as if they can get through the
life insurance underwriting process, and annuity-based hybrids to older clients
with more health problems. Hybrids offer 2 benefits—if you don’t use LTC money,
you or your heirs will use the money. In both cases you are paying premiums
that include high commissions for sellers. Before committing to these solutions
to longevity risk, consider your alternatives: https://www.amazon.com/Long-term-Care-Insurance-Updated-2013/dp/148274001X
Is a RoboAdvisor right for you?
Is your advisor smarter than the market?
With billions of people and Robos trading, are they smart
enough or have insider information to beat all others? The market index up almost 19% this
year: 19%! How did your advisor do? Over time, your advisor has changed
securities and stories of winners so you have no idea how you did. Over time,
the index averaged 11.06% vs 3.79% to equity
investors. Ask your advisor to calculate your nominal return for the past 5 years.
Check.
Why settle; use the Best Robo: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957
Are you sitting on a great muni bond portfolio?
GOP tax plans
eliminate tax-exempt bond sales for advance refundings, a technique
governments use to refinance tens of billions of dollars of debt each year. The
House bill would also prevent businesses such as hospitals, airports and
privately owned power companies from borrowing in the municipal market, where
interest rates are lower. “We’ve
been frustrated because we’ve all put in for a lot of bonds. But because
there’s so much competition for the bonds, we’ve all gotten a fraction of what
we’d hoped to get."
Investors are especially clamoring for higher-yielding
tax-exempt hospital and airport securities, which would disappear after this
year under the House bill. By scrapping the deduction for state and local
income taxes, the tax ‘cuts’ would increase taxes on wealthy residents of states
such as New York, California and New Jersey. That has led some analysts to
predict that bonds from those states may
outperform, since residents may look for new ways to drive down their
federal tax bill.
Use your tax credits: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382
What ever happened to the infrastructure bill to create
jobs?
Trump asking states to raise taxes to pay for
infrastructure after canceling SALT deductions. Take from the
poor to give to the rich. Tax cuts for us are reversed in the future. Some of
us in the blue states lose deductions and will pay more next year.
Socialism for the Rich: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584
What is wrong with these self-righteous religionists?
Congressman asks for staff
to have sex/baby for $5 million. Once you cross the line to consider
yourself chosen by destiny (god) to be a powerful person—Congressman or Master
of the Universe, you believe you can do no wrong to other human beings. Roy
Moore ignored the law of the Supreme Court, he took advantage of the innocence
of a child, he convinced thousands of women he was a man of their idolatrous
religion. He thinks America
was great when he and other Southerners could own
and destroy human beings. Because they feel destiny or god is on their
side, they can easily lie and cheat for the ‘holy’ cause—either abolition of
abortions and homosexuality and behavior they don’t like. Trump favors ending
the rule that religious organs are tax exempt as long as they don’t promote
specific politics. Churches will fund candidates.
GOP has twisted this religious ideology to serve their
political ends
GOP promises cuts in middle class benefits soon
Trump says welfare reform will “take
place right after taxes, very soon, very shortly after taxes.” Rubio said
“we can make changes for future generations such as mine, and do so in a way
that people can prepare for, so the changes will barely be felt.” Social
Security trustee say as much as 23 percent of Social Security benefits and 14
percent of Medicare benefits could disappear by 2034 unless Congress
acts.
Open tax-FREE account with tax savings: https://www.amazon.com/Tax-FREE-Income-000-tax-free/dp/1477472584
Is your advisor a fortune teller?
Your advisor is a salesperson first and foremost. They would
not have a job otherwise. Contrary to the Wall Street hype, your advisor has no
special information. They are not
a therapist/doctor curing your financial problem or sickness. Few sales
people use the products they sell because of costs. The most successful Wall
Street executives are NOT traders. They do NOT try to time the market. They have
learned the lessons of the financial legends:
“The stock market is a device for transferring money from
the impatient
to the patient.” Warren Buffett
In fact, the average
managed-account equity investor earned just 3.79% a year over 30 years! A
simple index earned 11%. Buffett, perhaps the greatest investor of all time,
with 60 years experience, boils down the stock market to patience.
Mr
Buffett's strategy of patience is the most successful. He earns about
20% a year compounded over time. He does NOT buy and sell stocks frequently. In
other words, he does the opposite of what Wall Street 'advises' us to do. Wall
Street is a sales industry not an advice industry. Do we ask a barber
if we need a haircut?
****************
TrumpWorld
Mandate: I was
elected President like Washington, Obama and Hitler
Trump cancels housing for homeless veterans after
taking credit—‘new low’
Trump is still just a mafia contractor from Queens—Dad
taught him to be The Don.
Smoking gun: “Our boy can become
president of the USA and
we can engineer it,” Sater wrote in an email to lawyer Cohen. “I will get all
of Putins team to buy in on
this.” Manafort tells Russian mob he will keep them
informed about “our boy.”
Ross, Commerce, direct link to Putin energy
consortium and Russia-Cyprus bank
Putin sent 60 money wires to US marked “to finance election campaign of 2016.”
LOCK ‘EM UP--Mueller draining the swamp!
Papadopoulos rolls: Trump-Putin liaison pleads guilty.
Manafort rolls: Trump’s money launderer manager
indicted: conspiracy against US.
Flynn rolls: Trump’s national security advisor and
foreign agent pleads guilty to lying. “my actions were wrong” "if I
did a tenth of what she [Clinton ]
did, I'd be in jail today.” I am not a traitor. Right, but he also said he
never talked to Russia and
had no connection to Russia and
was not paid by Turkey to
change policy.
McFarland (“If there is a
tit-for-tat escalation, Trump will have difficulty improving relations
with Russia which has just thrown U.S.A.
election to him.”)
‘Ministry of Truth’ 1984 novel:
Government propaganda is ‘truth’ when they say it!
“A president who'd all but call
a senator a whore is unfit to clean toilets in Obama's presidential library
or to shine George W. Bush's shoes.” USA Today editorial
My Theory on Trump/Putin ‘love’:
Trump got Russian help/funding for business from business/mob ties to Putin. US banks
not interested in more bankruptcies. No one expected
him to win so no harm getting Putin help. Don owes Vlad’s mob money so
they sent mob gofer Manafort to run the
campaign. ‘Colluding’ Putin style. Trump
always has a fall guy to blame when caught in lie.
Sessions claims campaign execs all too inept and overwhelmed to collude on
purpose.
Putin
gives The Don a big kiss—first name basis—Don made markets hum
TrumpWorld – using presidency to make money the old
fashioned way: theft
Dictator talk time:
“When the president does it, that means it is not illegal,”
Richard Nixon
Trump lawyer says he can't 'obstruct justice.' So Trump like Putin is a dictator.
Trump is no longer claiming Russia just fake news—collusion/conspiracy
real—but he can do it cause he is prez, they say.
Trump conspiring secret policy to avoid
adults in WH create chaos and undermine goals
How do you prove you are citizen? ICE acts like Gestapo: no record if you’re taken. No calls to family.
Obama: we must protect
democracy from Nazi-style dictatorship—vigilance and press
I can never be wrong: “The reason I
originally endorsed Luther Strange (and his numbers went up mightily), is that
I said Roy Moore will not be able to win the General Election.
I was right! Roy
“The president can’t have a
conflict of interest.” The Don is above the law?
Fires FBI head because he was investigating The Don’s Russia mob
ties then blames FBI.
Fear is ruler’s weapon: Roy
Moore leader of the GOP, speaker of House, GOP Prez?
Ideology can justify any policy: At RedState,
there has always been one hard and fast rule: Oppose abortion at all costs.
Christian Right is not Christianity but ideology.
Today child molester; tomorrow rapists? How GOP religionists justify crimes of the Fuehrer and
followers. He can pardon every crime.
1998 the House of Representatives approves two articles
of impeachment against
President Bill Clinton, charging him
with lying under oath to a federal
grand jury and obstructing justice.
2017 Nov. House of Representatives introduced articles
of impeachment against President
Don Trump, charging him with firing FBI Comey, violations of the Emoluments Clause,
actions "undermining" the judiciary and freedom of the press.
2018 the House of Representatives approves two articles
of impeachment against President
Don Trump, charging him with lying under oath and obstructing justice.
TX Rep Al Green’s Articles of Impeachment failed Dec2017.
WWIII next?
Quid pro quo: "something for something."
We have given The Don time to act like president: Time to Impeach for
obstructing FBI
Regulation is necessary: We need protection. Saves $12
billion of our money!
(No one person can afford to sue a bank:
class actions banned by GOP now.)
IRS helps disaster
victims in 2 ways—estimating loss and claiming deductions.
Trump cancels net neutrality—internet
providers will enable speeds of their content
Another special person dead—“guns don’t kill people” for
fun. Is your wife next?
Tillerson Exxon calls Trump a ‘f__king moron” ‘MORON’
and LIAR:
McMaster, National security adviser: Trump has intelligence of a “kindergartner”
How Govt wastes our
money:
Zinke, Interior, is having fun spending
our money and destroying our national treasures
A new
U.S. embassy in London cost $1 billion—could have repaired 1000 schools
SCAMS:
A former Facebook executive
said Facebook
is destroying society with “dopamine-driven feedback loops.”
401k
fees may take 2% of your retirement nest egg: $250,000 or more over
time.
Jobs:
Who owns your account
now?
Miracle:
Our universe is actually what happens on other end of a
black hole. God likes to run the experiment over and over. Are we creating?
IAN
41 Watchung Plaza, B242
973.746.2014
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