Corporations pay no tax but vote with "speech"

Our “representatives” are receiving lots of “free speech” from sponsors

Most corporations pay $0 taxes, yet the Supremes decided they can spend $ billions to influence elections because they have Constitutional “free speech” rights like real people. Many firms obtain government contracts by lobbying our “representatives” with “speech.” GE actually got a tax benefit of 4.1 billion to cover taxes for years. abcnews.go.com/  We will have to make up the loss of tax revenue and pay refunds of $364 Billion to these same firms. Do you have $600,000 of “free speech” to get heard?

Why would Washington care what we middle-class want?

Avoid paying corporate refunds: http://www.amazon.com/Most-U-S-Corporations-Pay-No-Taxes/dp/1514274116

Our own government is shipping our jobs overseas

Defense Dept. granted a staggering 307,123 waivers and exceptions to the Buy American Act over the last 8 years, and spent over $176.8 billion of taxpayers’ dollars on goods manufactured by foreign companies. Chris Murphy (D-Conn.) proposed requiring DoD to buy American goods and stop using waivers.

Do foreign firms give DoD a little “free speech” to get the orders?

Our “representatives” have stopped IRS from collecting more $19 million per audit 

Top IRS auditors, paid about $150,000, each find on average $19 million of corporate unpaid taxes yearly. If corporations didn’t control Congress, wouldn’t they want to triple the number to find $19 million per auditor every year? That is one way to reduce the deficit but our “reps” REDUCED auditor positions. This increases the likelihood we will pay more. Actually IRS goes after those making less than $25,000 more than those making over $200,000. Corporations actually pay average of 12% not the legal 39% rate by using over 500 loopholes in the IRS code.

Use the code to pay less too: http://www.amazon.com/Most-Corporations-Pay-No-Taxes-ebook/dp/B00ZCMKTV6

Is an annuity a “super bond” for income in retirement?

The Wall Street Journal called income annuities “super bonds.” Wade Pfau, retirement expert, calls them “actuarial bonds.” He said “income annuities have the potential to improve retirement outcomes over what is possible with bond funds.” Many retirees balk at their illiquidity, complex terms and high fees, however.

Know your annuity alternatives: http://www.amazon.com/The-Best-Annuity-Strategy-Income/dp/1497532019

Reverse mortgage: Warning to banks

Regulators told banks: “It is important that advertisements do not downplay the terms and risks of reverse mortgages or confuse prospective borrowers.” After viewing the ads, consumers were confused about reverse mortgages being loans, and they were left with false impressions that they are a government benefit or that they would ensure consumers could stay in their homes for the rest of their lives. Today, the CFPB is also issuing an advisory that warns consumers that many reverse mortgage ads do not tell the full story.

“As older consumers consider reverse mortgage loans to tap into their home equity, they need to be careful of those late night TV ads [Law & Order guy] that seem too good to be true,” said CFPB Director Richard Cordray.

There are better alternatives: http://files.consumerfinance.gov/f/201409_cfpb_guide_reverse_mortgage.pdf

Does your pension take back overpayments each month?

AARP says IRS does NOT require pension plans to recoup accidental overpayment.

Read FREE ebooks and audio versions of popular and copyright free subjects

All kinds of FREE reads on your PC or mobile like Geronimo's Story of His Life by Geronimo or Diary of a U-Boat Commander by Sir Stephen King-Hall or A History of the City of Brooklyn and Kings County by Stephen Ostrander or Animal and Nature Stories by William Patten. Plus all the old classics--Moby Dick, Dracula, Les Mis, etc, http://www.gutenberg.org/ebooks/search/?sort_order=downloads

GOP crazies

House GOP introduced a plan to repeal ObamaCare (ACA) and replace it with high-risk health pools and tax credits that would undermine the employer-sponsored health care system in place today. Employers could just keep the healthy. Severely-ill would be segregated and subject to Congress de-funding every year as food stamps are now.

But health insurers won’t accept “tax credits” as money.   

KS will NOT lay off 7,000 workers to give wealthy bigger tax refunds

Kansas will raise sales and cig taxes aimed at low- and middle-class to close $400 million revenue shortfall in the wake of tax cuts to the rich by GOP Gov Sam Brownback 3 years ago. The state told 7,109 state workers, they may have wages cut. GOP thinks reducing consumer demand (increasing sales and cig taxes) will RAISE state revenues. “Trickle down” theory works like that? Crazy! Wealthy use tax cut to expand biz in Vietnam.

GOP court sides with Christie: Violate the 2011 law—screw the unions

NJ Supremes said that state constitutional provisions calling for an annual budget process trump a 2011 law requiring pension contributions from the state. "The decision unfairly requires public workers to uphold their end of the law's bargain — increased weekly deductions from their paychecks to fund their future pensions — while allowing the State to slip from its binding commitment to make commensurate contributions," Judge Albin wrote. "Thus, public workers continue to pay into a system on its way to insolvency."

Last year, a budget with tax hikes passed but Christie vetoed it and reduced pension contributions. He paid $ millions for Bridgegate scandal and gave EXXON $9 Billion waiver instead. Runs all over US on our dime. 

Will the Supremes take away your health-care plan?

GOP-leaning Supremes repeal ObamaCare and 9.6 million will go back to No Care

If the Supremes OK the case against states using ObamaCare federal sign up site, 9.6 millions will go back to No Care in 34 states. ObamaCare is now being used by prisons and jails and has changed even UT GOP into accepting ObamaCare for health plans.   

Clerk’s religion will now decide if you get married or not

NC Senate Bill 2, would allow magistrates and registers of deeds to refuse to participate in the marriage of any couple whose union violates their “sincerely held religious” beliefs. “SB2 would create a very dangerous precedent,” Meno said. “This is a law that could be used against interracial couples, couples of different religions, divorced couples, virtually anybody.”

GOP-approved religious discrimination takes us back to witch-burning days

Cars losing value faster than expected—bargains?

2013 Rogue SV, 2011 BMW 328i, 2012 Lexus ES 350, 2012 BMW 528i, 2012 Nissan Leaf SL electric. This may be your opportunity to pick up a bargain since most models have no mechanical problems and have been ‘tested’ for 3 years. http://www.cheatsheet.com/automobiles/6-used-cars-that-are-losing-value-surprisingly-fast.html/?a=viewall

Retirees fail to have enough to live on for a reason

Usually there is a reason that we don’t have a comfortable retirement. Advisors cite these money pits: divorce, second home, dependent children, business start-up, health care, extravagance, and elder fraud.

http://www.amazon.com/Reset-Your-Retirement-Income-Buffett/dp/1512304344

Are you struggling to save for your first home or car or business?

Get help with your savings and reach your goal in HALF the time. Organizations match your dollars FREE. Individual Development Accounts (IDAs) are special savings accounts that match the deposits of low- and moderate-income people. For every dollar saved in an IDA, savers receive a corresponding match which serves as both a reward and an incentive to further the saving habit. In addition to earning match dollars, savers learn about budgeting, saving and receive additional training before purchasing an asset

http://cfed.org/programs/idas/ida_basics/

Pope to ‘try’ bishops that shield child rapists and molesters

Pope Francis has taken the biggest step yet to crack down on bishops who cover up for priests who rape and molest children, creating a new tribunal section inside the Vatican to hear cases of bishops accused of failing to protect their flock. Some multiple rapes.

What about a real jury trial for conspiracy to hide felons—rape of child is an A felony?

SCAMS           Why are we still paying $700 Billion a year for WWII deployments? That is 27 cents of each dollar in taxes—the largest part of our money—and we aren’t even at war. We could pay off our debts and fix our schools, roads and bridges!

We are paying for 164,253 of our active-duty armed personnel to be in 150 countries around the world. We have about 50,000 in Japan and 50,000 in Germany.

We are building another military base for Japan at Henoko. Air Force Gen. Ronald Fogelman admitted that the Marines “serve no military function there. They don’t need to be in Okinawa to meet any time line in any war plan.”

Are we preparing for WWII again? There are 1,208,083^[1] armed personnel in the United States. Our taxes pay for about HALF of the WORLD’s military expenditures every year. We have wasted $398.6 billion so far on the F-35 program—they can’t fly safely.

We just can’t afford to pay for everyone else’s defenses anymore.

Japan, Germany and S. Korea can pay to defend themselves.

The War on Terror requires special forces attacks on top terrorists at their homes like Obama’s al-Amr May14 Abu kill. Iraq proved converting a nation to Western-style republic doesn’t work. The troops we trained ran away, left our stuff—more costs. Former Saddam army now ISIS. We are wasting $4 billion a year on Afgan tribal rivalries; paying ransom to Al Qaeda; supporting corruption with our money.

This is how Vietnam started—Kennedy sent 400 ‘advisors’ to train soldiers, May 1961

Obama is poised to send hundreds more American military advisers to a new base (where did that come from) in a strategic Iraqi region to help devise a counterattack against marauding Islamic State militants. Remember the “fierce mountain men known as the Montagnards?” We just never learn—we trained them before and they ran!

Now Vietnam is a trading partner. Let’s just skip the killing part and let Baghdadi have Baghdad. This is a tribal war and we can’t fight it for them.

This is their homeland NOT ours. We have enough oil now.

Army general says futile to send '150,000 soldiers' to defend unreformed Iraq

Gen. Orierno, 6 yr Iraq vet, said that even sending 150,000 US troops to the country - roughly the number of soldiers during the 2007-08 "surge" – would be wasted without a major reorientation by Iraq's Shiite leaders. 

IAN

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Montclair, NJ 07042

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Alerts 

Why "saving" keeps us from becoming wealthy

The savings rate has fallen to almost zero and for good reason. It doesn't work.

One successful investor once said, “Nobody ever accumulated wealth just by saving.”

You build wealth by putting some of your money to work. Yes, you have to send your money out to get a job! And not just any job. You want your money to get a good job making good money. Without a good job, your money will make only enough to cover "working expenses" and inflation. The rate of inflation has been running about 3%. $1 in 1970 is worth 19 cents now.

Where can your money find a good job?

Bank: A bank is where most money works. It earns less than the expense of sending it to work and the cost of inflation which eats 3% to 4% a year. If your money earns 3% and it pays up to 0.8% in income tax, your money earns 2.2%. Inflation of 3% takes everything. You are paying others to employ your money, like sending it to prison!

Real estate rentals: There are many systems that claim they will make you rich as Trump. However, the hard part is finding and maintaining property for a profit. Tenants must be managed. Historically, real estate has returned about 5% over time. It is hard work. It is easier to invest in a real estate investment trust (REIT) and let professionals do it for you with less risk.

Bonds: You loan your money to other people and they pay you back. If your money earns 7%, you have to pay up to 2% in income tax so your money earns 5%. However, inflation of 3% takes away money’s buying power, so you are left with 2%. Tax on the real return of 4% is over 50% of the income. You pay half in tax. Not a very good job.

Stocks: You buy part ownership of many companies. If one does poorly one year, others do well. Your money earns dividends of from 2% to 4% and it also gets a bonus if the companies do well. If you keep expenses low (don’t switch from company to company) your money earns 10% on average. It pays income tax of up to 2% on the dividends and less than 0.5% on the bonus (capital gains). Inflation of 3% leaves your money earning 4.5%. However, this job is not a government job so you might make more or less some years. Over time this job pays the best. Not everyone understands that so this job requires patience like running a business—some quit the job when times are tough.

Over time, your money can make you wealthy. Investing 10% of your family income in a stock mutual fund may earn 10% on average for 10, 20 and 30 years. Investing can allow you to accomplish your financial goals. The miracle of compounding turns your $250 a month each into $1.1 million in 30 years. Check it yourself. You paid $180,000 for that $ 1.1 million. http://www.moneychimp.com/calculator/compound_interest_calculator.htm

To avoid income tax now, use your employer’s 401K or pension plan or make your own with an IRA. Put part of that 10% in a regular account for a home down payment, cars, college funds, vacations—whatever your short-term goals are. Your retirement fund will be full by the time you need it in 30 or 40 years.

If you begin early, your Wealth Reserve can grow large enough to use it as your own bank and help you insure yourself. You spend less on credit and loans. Thus more of your income goes to buying assets that grow by themselves. This is real security: http://www.saferchild.org/power.htm

Your Unbiased Advisor does not sell products. As Editor of The Insiders Guides, I have compiled the "tricks of the trade" of the financial services industry. You can use the Guide you need to buy only what you need and skip the extra commissions and fees that insiders never pay. You buy financial services "wholesale" and use the savings to become wealthy. Our members save up to $3,000 a year.

Our FREE Guide, The Insider’s Guide to Making Your Financial Future, provides the basic information our members use to grow wealth.