Another tax evader has gone overseas—Pfizer, NYC > Belfast
Pfizer and Allergan will join in a $160 billion deal to
create the world's largest drugmaker. It's the largest so-called inversion in
history, a tax-saving maneuver in which a U.S.
company reorganizes
in a country with a lower corporate tax rate. U.S.
efforts to curb the practice have so far proven ineffectual. Botox maker
Allergan is based in Ireland
but runs much of its operations out of New Jersey .
You can’t get away with claiming you live in Ireland
to cut taxes but …
You can use an IRS Tax-FREE account: http://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466
Wealthy Americans are buying their way into ‘Citizen of the
World’ status—low taxes
“Global citizenship” is becoming an increasingly popular
tool for the world’s ultra wealthy. There are many different reasons why an
ultra-high-net-worth individuals—min. $30 million—buy second citizenship,
including stability, security, tax efficiency, ease of travel, higher standard
of living, increased options for education and investment. The easy way is to
buy a luxury villa—citizenship no charge. The annual savings in capital gains tax alone could reach $1
million. Villas and citizenship cost as little as $500,000.
Avoid paying their taxes: http://www.amazon.com/Tax-Free-Living-2012-strategies-build/dp/1477452702
Tax evaders may lose passport=can’t get to tax havens
Yes, your gov may finally be doing something to get
tax evaders to pay up. “I’d encourage U.S.
people abroad… To make sure that their fiscal matters are in compliant and purchase
by the New Year,” he explained.
Pay your fair share only: http://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441
Women worry about retirement for good reason
More women are concerned about their ability to retire than
men, according to the Insured Retirement Institute (IRI). More than half of
women (54 percent) are very concerned they will not be able to retire when they
want and an almost equal number (53 percent) are concerned about being able to
afford the lifestyle they want. Women earn less than men in same job and
interrupt career investing to have a family.
Women need to invest like Warren Buffett: http://www.amazon.com/Beat-Wall-Street-PATIENCE-Investing/dp/1514171074
Are municipal bonds
(tax-free) right for you?
Buying bonds for
tax-FREE income (interest) sounds good but beware. One Muni Bond Trade Can
Cost $1,500 More Than You Realize. Brokers buy bonds cheap and sell them at
a big profit when there is demand for them. You don’t know what the market price
is so you may be gauged. That extra cost may destroy your tax advantage. “A
year’s worth of interest can be wiped away simply by buying or selling a bond,”
Securities and Exchange Commission commissioner Michael Piwowar said in a
telephone interview. “People should know what they’re paying.” But isn’t that
what you pay your broker for? No. Brokers work for profit-making firms and like
real estate brokers; they are NOT on your side. This is why the fiduciary
rule is so important and why the industry is fighting it so hard. Doing
what is right for you is what regulators want brokers to do at least for
retirement accounts. Paying an advisor a fee may get you a fairly priced muni
but most people should use the not-for-profit
management firms, TIAA or Vanguard: http://www.amazon.com/Forget-Wall-Street-Non-Profit-investment/dp/1519125720
Is a secure Retirement right for you?
Fears about Social Security, health care and retirement
funds top the list of worries that U.S.
households have, Hearts & Wallets says. Fewer
people believe they are on track for building their retirement nest egg
with the percentage dropping from 36 percent last year to 31 percent this year,
the study says. There’s no one-size-fits-all advice for workers on
post-retirement spending, another new study says. While 54.1 percent of retirees spent
less or the same in the first two years after work, 45.9 percent spent more.
And
of those spending more, 28 percent upped their outlays by 20 percent or
more annually. It might be tempting to think the splurges are limited to the
wealthy who can afford to travel to exotic locales, but the researchers found
the spending increases occur across
all income levels. The number of Americans spending more than they did while
they were working declines by about a quarter by the sixth year of retirement.
Some took 6%
a year from principal not the 4% old advisory story.
Some employers force workers to take risky 401k options
At Intel you may be forced
to invest in hedge funds and private placements with high fees and low
returns. Management decides which options employees have and they may be
limited to high-fee funds. You can reach retirement goals of $1
million by using your brain and guts as this 29 year old did or use the low-cost
Buffett strategy: http://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900
Schwab moves to offer mutual funds starting at just $100
Schwab has lowered the minimum initial investment for most
mutual funds on its zero-transaction-fee Mutual Fund OneSource platform to
$100, dropping the minimum for subsequent investments to $1. There are fees for
redemption and broker services. Certain conditions apply. Schwab now offers the
largest selection of funds available at a $100 minimum, allowing investors an
easier path toward long-term savings and simplified options for
diversification, the company said. Earn more, pay less.
Avoid the Pimps: http://www.amazon.com/The-Pimps-Wall-Street-middlemen/dp/151525254X
Does our President need to be pragmatic and respect all
religions?
“Without some alteration in our political creed, … We are fast verging to anarchy and confusion!” George Washington, 1786. Anger factor HIGH 2015.
Trumped Up
Worry--New study shows Mexicans
are LEAVING U.S.
Back on pledge--Won’t
support the GOP nominee unless self: Psychotic?
Kasich: Wants federal
agency to promote "Judeo-Christian values" more taxes?
Tax
credit when you take care of elderly—fund women SS/cheaper than Wall
Getting
Arabs to have skin in the game.
Is democratic socialism right for you?
Your gov will pay you your pension if your company
went out of business before paying you your pension money. PBGC pays nearly $6Billions in benefits to
retirees. If you are receiving benefits, it is a ‘socialist’ program.
If you are over age
65 or poor, you are receiving medical benefits. That is ‘socialism.’
If you have ever
been laid off and received gov benefits, that is ‘socialism.’
If you are retired
or disabled and not able to work and receive SS benefits, that is ‘socialism.’
You pay for
inspection and regulation of your Chipolte food, all food, medicine, toys,
millions of dangerous chemicals and products--your car air bag, child seat,
airplane, etc.
Thousands of citizens
used to die because manufacturers had no incentive to check and recall
their products. Despite GOP candidates, we want protection
from companies!
Your water, electric and gas come from single ‘socialist’ companies.
The credit union is socialist and offers higher savings and lower mortgage.
Largest mutual fund is a not for profit owned by the shareholders and offers low fees.
Many largest insurance companies are not for profit and owned by policyholders.
Most Americans GOP And DEMS want government to strengthen
economy, protect environment and maintain infrastructure. Majorities also want
gov to help
the poor and seniors.
We have Socialism for the Rich
according to GOP election-funder Charles Koch
“This is creating a two-tiered
system where opportunities for the disadvantaged are being destroyed and
we’re creating welfare for the wealthy, so it’s unjust,” he told Yahoo.
Best example: GOP celebrated cut in farm
subsidies in April and now reversing their cuts because farm corporations
complained.
New companies don’t have unions but they pay lobbyists to guide
our ‘Reps’
Today’s tech companies — even the youngest ones — have accepted
lobbying as an essential part of doing business. In addition to knowing the
language of computer code, founders are speaking the language of Washington —lobbying—so
they win the regulatory battles. Internet companies have tripled their lobbying spending. Uber
and Hello
Alfred for example, outsource labor and almost all expenses so they don’t
have anything to slow meteoric profits for investors.
Many move their legal address offshore to evade taxes: http://www.amazon.com/Only-little-people-pay-taxes/dp/1478222441
We need regulation—GOP is wrong—companies would not fix
bad products on own
Regulators have handled over 749,400 financial complaints—many
against banks www.consumerfinance.gov/complaint/
Businesses can expense capital items (tablet,
phone) up to $2,500 to ease admin in 2016.
Regulators: Sands Brothers Asset Management broke
custody rule--fine, no jail!
Bernard Parker, Indiana, PA stole
$1.2 million by promising 6% returns--indicted
HOW CONGRESS WASTES OUR TAX DOLLARS
Special Inspector General John F. Sopko has spent years
documenting waste, fraud and abuse in the U.S.
military’s efforts to rebuild war-torn Afghanistan .
We
have spent $110 billion on reconstruction projects in Afghanistan .
When adjusted for inflation, that total exceeds the value of the entire
Marshall Plan effort to rebuild Western Europe , WWII.
=More than $8 billion in spending on counter-narcotics
efforts in Afghanistan
that have “failed by every conceivable metric. Afgans grow poppies like we grow
corn.
=The purchase of nearly $500
million worth of airplanes that never could fly and had to be turned into
scrap.
=Construction of a building
that literally began to melt when it rained.
A
$500,000 health clinic that lacked water and electricity. Newborn babies
had to be washed in a nearby dirty river.
BioTerror detectors in every US
city--$1Billion--not working!
The nation’s main defense against biological terrorism -- a
$1-billion network of air samplers in cities across the country -- cannot
be counted on to detect an attack, according to a new report by the Government
Accountability Office.
Pentagon says pilots
decided to hit hospital killing 30 after given bad coordinates
The Oct. 3 airstrike lasted more than an hour, killed at
least 30 people, mostly doctors and patients and collapsed large parts of the
hospital. Bomber’s
computer with hospital GPS ID was not working. Pilots failed to confirm
correct target by radio. US ignored hospital pleas to break attack and failed
to use GPS location for target. Actual target was nearby and looked similar
pilots claim. War crime suspected.
We pay bounty for contractors to run terrorist drones
Air Force has turned to civilian contractors to fly MQ-9
Reaper drones in "combat air patrols" to help track suspected
militants. The civilians aren't supposed to pinpoint targets with lasers or
fire missiles but we
have skirted around the rules before. Mercenary fighters have provoked more
wars in the past. Any civilian who is involved in waging such warfare would lose legal immunity under the law of
armed conflict and could face prosecution by a foreign country, says Steven
Ratner, a professor at the University of Michigan Law School.
SCAM
Vanguard’s low-fee structure incurs higher taxes in TX
Ex-employee gets bounty for sharing internal documents with
TX audit that shows not-for-profit firm
pays advisors less (so charges less fees) than “industry.” Tax law disallowed lower fees implying higher
income than reported; thus owe taxes. Huh???
IAN
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973.746.2014
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