Friday, May 1, 2015

Taxes you just paid gave Boeing greater profits

The taxes you just paid financed Boeing’s most profitable business
Boeing’s $2.72 billion revenue was made possible because our taxes were used to finance sales to wealthy desert dictators. We pay for the “The Bank of Boeing,” as it is called by those who think this “bastion of corporate welfare” must be shut down. Boeing pays about $2.7 million to our “representatives” to keep this “welfare queen” in business. Right-wing power groups ousted Eric Cantor in part for supporting this big business subsidy. Like the oil, gas and farm subsidies, the Ex-Im bank was set up to spur prosperity last century. In this new age, politicians are learning that many groups don’t like giving their tax dollars for corporate tax-FREE profits.

Your pension fund is still falling behind despite market surge
The funded status of the 100 largest corporate pensions dropped by $6 billion in March, increasing the deficit to $349 billion, according to the Milliman 100 Pension Funding Index. The stock market hit new highs recently yet pension funding is going south. What happens when markets reset? If you are 5-10 years from retirement, now is the time to act. Use your tax refund to build a tax-FREE Wealth Reserve so you have enough.

Many employers unaware of their retirement plan liability
Thirty-seven percent of plan sponsors are unaware they are fiduciaries to their workplace-sponsored retirement plans, according to research by AllianceBernstein, but 82% of those surveyed said fiduciary matters are important or very important to them. Employers that include target-date funds in their retirement plans are more likely to be aware of their fiduciary role. Nearly half of plan sponsors don’t take advantage of the safe-harbor protections that come with offering a qualified default investment alternative. Employers must provide options that are best for us not them—low-cost well diversified funds. Low-earning money funds are NOT safe options for retirement. Retirement account balances reached a record high $91,800 in the first quarter of 2015, and more than 1 million people increased their contributions. 

Investors moving away from broken Wall Street system—DIY winning
Affluent Americans are now not only diversifying their portfolios, they are also diversifying their brokers, with one-in-three households with greater than $100,000 in investable assets adding a new financial services firm relationship in 2014. The study, "Market Measures: Reach, Share & Other 'Store' Success Measures," surprised researchers when it showed that self-service brokerage firms are popular with the affluent set, reaching 70 percent of households with at least $500,000 in investable assets, compared with just over 40 percent for full-service firms. “It’s astonishing the self-service competitive set has deeper reach into investors with $500,000-plus, engaging more affluent investors than the full-service competitive set.

DEM crazies
Bernie Sanders, Senator, left-leaning and has no chance! Bernie has no money. He has a voting record that most working Americans would agree with but most politicians don’t. He favors a 30% tax rate on millionaires. Crazy! He did get Congress to clean up the VA. Bernie makes Hillary look centrist and gives her someone to talk to during the primary debates. He just introduced a bill to stop corporations from sheltering income overseas in the Cayman Islands and other tax havens to avoid paying U.S. taxes. The legislation also would end tax breaks for companies that ship jobs and factories overseas.
“At a time when we have a $18.2 trillion national debt and an unsustainable federal deficit; at a time when many of the largest corporations in America are paying no federal income taxes; and at a time when corporate profits are at an all-time high, it is past time for corporate America to pay their fair share in taxes so that we can create the millions of jobs this country needs,” Sanders said at a Capitol news conference.
Bernie, you know this bill will never pass the “millionaire Congress.”

GOP crazies
Will HALF of American voters vote to cancel $100 a month health care? Will they vote to extend age for Social Security and Medicare benefits? Will they really vote to send their kids back to Iraq and Iran to be killed in an oil war? Will they vote to allow states to sanction discrimination based on someone’s religious beliefs? Will they vote to delay fixing our bridges and roads and all other infrastructure until it falls down just so the rich can have more millions? Is Cruz crazy to blame the 2007-8 meltdown on Obama? 
Are these the ways we to make America great?

GOP backers want war?
All of the GOP candidates want to scrub the peace talks—some want war with Iran—and so do their backers. Some are meeting with deep pockets like Sheldon Adelson, who dropped over $92 million for the 2012 circus, and whose hawkish protection views are echoed by party members. Is it possible that our next military venture will be the reward for certain campaign contributions? Could we waste another $3 Trillion because of a new fake-WMD-type scare from the ideological right? President Cheney did it once.

GOP runner Christie hates pot but state needs revenue
Atlantic City gambling has been replaced by online gambling to raise taxes. However, Christie could use the extra pot taxes to replace the $9 billion he gave back to EXXON. Poor management and Wall Street tricks won’t fix the state’s pension shortfall. Property taxes are the highest in the nation. Even the low gas tax should be revised. Christie could sell his helicopter and stop traveling to raise money for the GOP. His sidekick, Weinstein has made a deal so now we may find out about Christie’s BridgeGate.

ObamaCare plans may help more patients get better care
Health insurance plans purchased through public health care exchanges often generate levels of member satisfaction higher than plans obtained through employers, according to a J.D. Power study. One main reason people shopping through the marketplaces are more satisfied is the choice and clear features of plans available. That compares with an employer plan, where choices are often made by the employer and are usually few and more expensive. Agents earn commission on the costs of plans.


Your small homeowners’ insurance claims can mean cancellation
Small claims on your policy means a money loser to insurers and they will cancel. Since the average big claim is 1 in 38 years, you may lose coverage if you file for amounts less than a full disaster. When you file a claim and it is denied, your claim is still counted against you. Fix small claims on your own and DON’T even call your agent/insurer—they enter it in your cancel file. This is not intuitive (“we paid premiums for 20 years and haven’t asked for a dime”) but insurers see you as an accident waiting to happen.
Buy a HIGH-deductible policy only; save premiums for repairs: http://www.amazon.com/Homeowners-Insurance-Beware-Coverage-Policy/dp/1480100870

Is a simple target-date mutual fund right for you?
According to the TIAA-CREF Investment Options Survey, nearly 40% of Americans say they are not familiar with the investment options in their retirement plan. A target-date fund simplifies your decision. The mutual fund manager picks the right balance of stocks and bonds depending on how long you have until you need the money. At not-for-profit firms like TIAA and Vanguard, you pay low fees and thus earn more over time. You may end up with twice as much for retirement since you paid less for great diversification.

How much is your broker/advisor worth paying? Do they give refunds?
Most professionals must provide their costs and contingencies up front. If you are not satisfied, you insist they make it right. You know if the job is done right because you give them a guideline or goal or deadline. My house exterior gets painted with good paint by June 30. I check the work as they go. I hold back final payment until the paint is dry and it has rained. I have a guarantee for 4 years.
What if my broker/advisor does not even match market growth and/or protect the downside? Do you realize what it is like to get your money back using the required arbitration method? By law, I can’t even pick the arbitrators—they work for the broker. We would be better off with a professional fortune teller according to much research.

Workers say they want guaranteed retirement income but few buy it
Eighty-nine percent of employees surveyed by BlackRock in 2012 said they would like their plan sponsor to provide them with income generating options in their retirement plan. Yet research from Towers Watson finds when such an option is offered to retiring participants, the lifetime income distribution is chosen by less than 5%. Workers fear high cost, hidden rules and no escape.



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.
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 SEALS’ attacks on top terrorists at their homes. Iraq proved converting a nation to Western-style republic doesn’t work. The troops we trained ran away. We are wasting $4 billion a year on Afgan tribal rivalries; paying ransom to Al Qaeda; supporting corruption with our money.

US govt destroys our justice system credibility
Of 28 examiners with the FBI Laboratory’s microscopic hair comparison unit, 26 overstated forensic matches in ways that favored prosecutors in more than 95 percent of the 268 trials reviewed so far.  … and justice for all?
Can America avoid repeating Rome's mistakes of the 4th-5th C?

IRS won’t help finding which ID thieves stole from you—protecting ID thieves’ privacy?
You find out your tax return refund was already claimed by a thief. You ask the IRS for help in securing your ID. IRS says NO. IRS rules encourage its workers to keep a tight grip on the bad returns. Employees face felony charges for giving out private details -- including, possibly, those of the identity thieves -- to those who aren’t authorized. The old “privacy law” excuse to protect the criminals.
It is your tax money at work, or not!

Regions bank owes you money for overcharging you
Today the Consumer Financial Protection Bureau (CFPB) took action against Regions Bank for charging overdraft fees to consumers who had not opted-in for overdraft coverage. The bank also charged overdraft and non-sufficient funds fees on its deposit advance product despite claims that it would not. Regions has already refunded hundreds of thousands of consumers approximately $49 million in fees, and the consent order requires the bank to fully refund all remaining consumers. The Bureau also fined the company $7.5 million for its illegal actions. 


IAN
41 Watchung Plaza, B242
Montclair, NJ 07042
973.746.2014
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Friday, April 24, 2015

Is your tax refund worth $500,000?

Is your tax refund worth $500,000?
Yes it is if you invest it in the most consistent investment of your lifetime. For most periods over 15 years, a low-cost stock market index fund has produced 10-12%. You can accumulate $500,000 in 27 years from your tax refunds which average $3,000. “Use a low-cost index fund” is Warren Buffett’s advice because you avoid wasting $300,000 on commissions, fees and loads over time and you receive the benefits of compounding high earnings, interest and dividends. If you use your IRS-approved tax-FREE account, you let Uncle Sam help you have more because you pay no tax on your earnings. Since you don’t try to time the market or buy the next HOT stock, you realize Buffett’s strategy: “We make more money from snoring than when active.”
Start now: http://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

Where is your refund?
Is your $3,000 on its way? Does the state owe you money too?
Check with the IRS: http://www.irs.gov/Refunds
Your state may have a portal like NY: https://www8.tax.ny.gov/PRIS/prisStart or
NJ https://www16.state.nj.us/TYTR_TGI_INQ/servlet/COMMON/prompt
Start your Tax-FREE Wealth Reserve NOW: http://www.amazon.com/Working-Millionaire-Tax-FREE-Self-insure-Self-fund/dp/1460945484


Are all Americans paying their fair share?
Why do the rich stop paying FICA 6.2% tax on income over $118,500?
How can Apple pay 9% income tax while the US rate is 34% on earnings over $114,000?
The Supremes decided that corporations are people yet 2/3rds don’t pay any tax.  
Why do wealthy people pay less than the investment earnings tax of 15 or 20%? Romney paid just 14% in 2011. Kerry paid 13%. They don’t have wages so they don’t pay FICA, Medicare, state, local, and all the other things that come out of a worker’s check. They don’t have to take money out of their check for retirement or college funds, insurance co-pays, union dues, unemployment, disability, family leave insurance, etc etc. Buffett says the average family pays about 32% every check.
In fact, if the working rich paid FICA, "the Social Security system would be solvent indefinitely and the rich still would be the richest …." http://www.latimes.com/...
Pay your fair share: http://www.amazon.com/Tax-Shelter-Americans/dp/1500426520

IRS gave nearly $3 billion in erroneous business tax credits
In 2013 corporations that should not have qualified for the breaks, got them. We taxpayers paid the expense. IRS said it can’t assure errors are corrected. It receives $1 billion less than it was five years ago. GOP Congress saved $1billion but “lost” $3billion.

Bad brokers/advisors just move on when they hurt clients
They aren’t jailed or banned. When they manage large assets, another firm will hire them so they can screw new clients. Tom Buck, an Indiana broker was fired by Merrill because he provided inaccurate information and misreported information to a client. Buck was hired by RBC next day. RBC spokeswoman Nicole Garrison said, "We take special care to ensure that each advisor shares these same values.” Time to manage your own account? Are your 401k plan fees high? http://www.brightscope.com/
Avoid Wall Street lies: http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137

How can you make your life easier in retirement? Are you ready for retirement?
Experience is a great teacher but we don’t get a second chance. Experts in planning for retirement have these tips to succeed. 1. Social Security early?—you lose 25% of your benefits for the rest of your life. $11,700 average reduced benefit for 30 years means $350,000 instead of $468,000 in today’s value. 2. Die early?—estimate your lifespan at http://www.socialsecurity.gov/cgi-bin/longevity.cgi 3. Emergency expenses?—costs over Medicare average $120,000. 4. Pensions, IRA, accounts everywhere?—one low-cost mutual fund firm (Vanguard, Schwab, etc) cuts accounting bill. 5. Get Medicare anytime?—miss Medicare deadline can cost 20% more each year: http://www.medicare.gov/eligibilitypremiumcalc/
Know what your income will be: http://www.amazon.com/Lets-Do-The-Numbers-Retirement/dp/1502775522

Survey says most investors use the “gut” strategy
Fifty-seven percent of respondents said they had no financial goals, 67 percent had no financial plans and 77 percent said they relied on gut feelings to make investment decisions. The DALBAR study shows the average investor return was 3.69% not the market return of 11.11% over the last 30 years because they have no strategy. They jump in at the top and sell when the market falls.
Use the Buffett strategy: http://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900


Is your vehicle on the worst cars list—mechanics love you!
You don’t get what you pay for in vehicles. Pricy Land Rover, Caddy and Lincoln hit the top 10. And don’t forget GM’s KILLER cars. (Cover up and legal BS can’t hide fact GM kept using defective switch that killed 13 real people and destroyed their families.)
Cost matters just as it does in financial services.
Value is Quality at the right Price: http://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X

Car thieves have new way to take your car wirelessly
Now keyless entry cars can be opened with $100 gizmo—back to real keys?
http://www.nytimes.com/2015/04/16/style/keeping-your-car-safe-from-electronic-thieves.html?_r=0


GOP crazies
GOP-FoxNews received a straight answer to why Rubio/Cruz lose Latin vote: “it’s immigration,” Jorge Ramos told Hannity. “It’s a very simple concept, Sean — people won’t vote for a candidate who will deport your father, your friends, your colleagues, and your students.” And why would a sane person vote to outlaw their $100 per month health coverage especially if they have an existing condition? And would a senior really vote to limit Social Security and Medicare? And do Americans really agree it is OK to discriminate against you when a business owner says the Bible tells him to not serve you?  What about stoning women to death? Cursing brings death too?

KS GOP wants limited government for wealthy but NOT for the poor?
Legislators say they want smaller government but not for certain groups. Law says “List of items you can’t buy because you only make $7.25.” NO movies, tattoos, lingerie, and several dozen items. Guns are OK.

GOP gives their backers a tax break AGAIN!
The millionaire club called the House of [their] “Representatives” voted to ban the IRS from following the law on gift taxes for their political contributions. Billionaires are smiling all over the world. “Americans who donate to tax-exempt organizations should always be treated fairly and equally by the IRS” according to the Republican chairman of the House Ways and Means Oversight Subcommittee. Now foreign governments and rulers can funnel their money thru PACs and join the wealthy in electing their stooges.
… “and the pursuit of happiness” for wealthy and corporations.

GOP candidate for President already decided by $1 billion Koch Bros: Walker
The Koch brothers plan on spending close to $1 billion in 2016 cycle and their favorite is Scott Walker. They use the Freedom Partners network included Americans for Prosperity and funded groups such as Concerned Veterans for America, the Libre Initiative and Generation Opportunity to hide their donations.
Walk-with-Walker: “In terms of legal immigration, [it is] based on, first and foremost, on protecting American workers and American wages.” But didn’t he bust all unions in WI?

GOP Christie thinks NJ voters are stupid!
New Jersey rules require Republican Gov. Chris Christie's administration to cancel investment contracts with firms whose officials raise or donate money to the governor’s political campaigns. But he paid $16 million in pension fees to the financial firm that was led by Christie’s chief fundraiser and top donor, Jon Hanson. The money flowed to Hanson’s company, Prudential Financial, while Christie has refused to honor his commitment to fully fund workers’ pensions. Last week, a study showed that more than half of fees that pensions pay to private financial firms are hidden.
What kind of President will Christie make?

Fmr GOP presidential candidate says Obama bringing Rapture
Michele Bachmann says the rapture is coming, thanks to President Barack Obama’s policies on Iran’s nuclear program and marriage equality. “We need to realize how close this clock is getting to the midnight hour.” “We in our lifetimes potentially could see Jesus Christ returning to earth and the rapture of the church,” Bachmann said. “We see the destruction, but this was a destruction that was foretold.”
She has NOT sold off her farm and federal subsidies yet.

DEM crazies
Media personalities don’t walk the talk: condemn tax evasion but are above the law themselves. Reports say that Rev Al has a tax bill of $4.5 million. Lesser amounts for Melissa Harris-Perry, Joy Reid, Touré Neblett. It comes down to keeping records—if you don’t; you can’t. As one of them said: “taxes are how we all do our part” unless we don’t. The wealthy of every persuasion seem to see it differently.

Employers see health costs slowed! GOP warnings were wrong
Health care in the U.S. is a hot button issue but the early consensus is that the Affordable Care Act has been integrated well by employers. “One of the big concerns [about the ACA] is this is going to drive up our premiums and the cost of healthcare,” says Christopher Ryan, vice president, Strategic Advisory Services at ADP. But, he adds, this has not materialized as originally thought. “I give credit to business,” he adds, “I think business looked very carefully at their current practices and … has been well managed.”

Is a reverse mortgage right for you?
You might consider this expensive loan if you find your retirement costs greater than your income. Receiving a monthly payment from your bank sounds good but consider the challenges. If you take this loan early in retirement, the payments lose their buying power (HALF value in 25 years) and you might have trouble paying property taxes, insurance, maintenance, etc. Loans accrue interest so you may reach the end of the loan. Loan costs are high (even though insured by US) and even higher if you take a lump sum and not payments over a lifetime. Alternatives: refinance to free up money and keep asset growing; take a low-cost home equity loan; trade down and keep cash; rent to boarders/corporate suites; sell home as investment to your family. See:
http://www.amazon.com/Tax-FREE-Retirement-lifetime-income/dp/1475206976

Do you need long-term care insurance?
The share of the older population residing in skilled nursing facilities declined from 4.5 percent in 2000 to 3.1 percent in 2010. The share in other long-term care facilities, such as assisted living, has been growing. • Medicaid funds for long-term care have been shifting away from nursing homes with funding for home- and community-based services increasing from 13 percent of total funding in 1990 to 43 percent in 2007. Medicaid currently accounts for 40 percent of all spending on long-term care. GE recently took a loss on this business and may exit as others have.
Alternatives: http://www.amazon.com/Long-term-Care-Insurance-Updated-Edition/dp/148274001X

What retirement plan?
Many expect to “work till they drop.” But what if you can’t because of disability or unemployment? A new report shows that while workers SAY they will work longer, the actual median retirement age has been stuck at 62 since 1991. 57 percent say they have less than $25,000—about 1 year worth. Many say they can add $25 a month to their nest egg but don’t. Automatic investment plans may be the answer. We could have our Tax-FREE IRA trustee debit our checking every month and end up with $250,000 without working longer.
http://www.amazon.com/Go-Tax-FREE-Investing-Income-Forever/dp/1482633280



Americans’ attitudes toward redistribution of wealth are more complex
Americans’ desire to soak the rich has diminished even as the rich have more wealth available that could, theoretically, be soaked. Our political persuasion tilts how we feel about tax redistribution. Older voters already have “social medicine” and so were afraid they would lose it with ObamaCare. However, GOP lost voters when they talked of cutting Medicare. Americans have hope they will be better off so why support taxes they may have to pay. Few know that the wealthy never pay the higher 35% rate.
http://www.amazon.com/How-Retire-Tax-FREE-Income-increases/dp/1484156951

Will high salary for all employees make a better company?
The minimum wage at Gravity Payments, a credit card processing company, was raised to a hefty $70,000 a year for everyone by the CEO, who cut his $1 million salary. There are only 120 employees and most are pros at their digital work. Highly motivated employees can create a great business according to observers. Rush Limbaugh, overpaid commentator losing sponsors, proclaimed: “pure, unadulterated socialism, which has never worked.” Warren Buffett’s staff would disagree. https://www.youtube.com/watch?v=zB1FXvYvcaI

Is a safe-deposit box worth it?
You pay your $100 a year in case of fires and natural disasters. But safe-deposit boxes can’t be opened by your loved ones when something happens to you. Power of attorney, organ donation, funeral instructions and a will need to be ready immediately. And don't expect the bank's insurance policies to cover your belongings. No FDIC either. Valuables could be hidden in plain sight. Are they insurable? Store copies of documents with relatives in emails to them—“Open in case of emergency” files.



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.
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 SEALS’ attacks on top terrorists at their homes. Iraq proved converting a nation to Western-style republic doesn’t work. The troops we trained ran away. We are wasting $4 billion a year on Afgan tribal rivalries; paying ransom to Al Qaeda; supporting corruption with our money.

Fed identifies banks that could cause financial meltdown
Most banks do not have large ‘gambling’ departments and don’t need regulators to watch them closely. Only a few banks have trading assets or liabilities, derivatives positions--interest-rate swaps and foreign exchange derivatives. Roughly 6,100 of the more than 6,500 commercial banks would pass this test, according to the F.D.I.C. Of the remaining 400 that would not, many are behemoths: 310 of them have more than $250 million in assets. Regulators can watch 400 easier than 6,500. Common sense, right? Not yet. Lobbyists want no regulation on any.

The Middle East arms dealer of choice is …
Everyone is arming to the teeth with American weapons and equipment as the Congress declines to declare war. Saudi Arabia spent more than $80 billion on weaponry last year. The Emirates spent nearly $23 billion last year, more than three times what they spent in 2006. Proxy wars in the Middle East could last for years, which will make countries in the region even more eager for the F-35 fighter jet, considered to be the jewel of America’s future arsenal. Where will all the American-made planes, missiles, bombs etc. end up now that Iran is leading the ISIS coalition?

IAN
41 Watchung Plaza, B242
Montclair, NJ 07042
973.746.2014
www.InsuranceAdvisorsNetwork.com
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Friday, April 17, 2015

How much are you subsidizing Exxon?

How much of your taxes go to the oil and gas industry profits?
America’s oil/gas industry is now #1 producer of gas and #2 producer of oil in the world yet your taxes continue to prop up this “struggling” industry. Over the past century, we have pumped more than $470 billion into the oil and gas industry as tax breaks. Once intended to jump-start struggling domestic drillers, these incentives have become a tidy bonus for the world's most profitable companies. ExxonMobil, Shell, Chevron, BP, and ConocoPhillips take about $3.34 on every barrel of crude. We pay the taxes they DON’T pay.
Get your tax break: http://www.amazon.com/Tax-Shelter-Americans/dp/1500426520

Track your refund
Now you can find out where your refund is at http://www.irs.gov/Refunds
http://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

Will our so-called “representatives” in Washington stop corporations from evading taxes?
Do you think that Congress will pass the Stop Tax Haven Abuse Act (S. 174, H.R. 297) or will the lobbyists who pay for their elections and perks (trips, staff, decorating, parties, fund-raisers, planes, etc, etc) keep the laws that allow 19,000 businesss to use an offshore PO Box to put their $ billion tax burden back on us? 47 corps moved in the last 10 years. Burger King “merged” in Canada to avoid paying tax. Who is next?
Pay your fair share: http://www.amazon.com/Working-Millionaire-Tax-FREE-Self-insure-Self-fund/dp/1460945484


The income gap between workers and the boss is worse—3% vs 13% raise
Corporate lobbyists have so far kept the regulators from doing what Congress decided in 2010: List the CEO ratio. Research shows that the worker-to-boss gulf has been widening. According to a 2014 study, top management pay as a multiple of the typical worker’s pay rocketed from an average of 20 times in 1965 to 295.9 in 2013. Another study said that the boss takes a median package of $14.3 million. Workers earn $7.25 since 2007 and were stuck at $5.15 per hour for ten years.
 Walt Disney, whose chief executive, Robert Iger, received $43.7 million last year. Disney’s median worker received $19,530 last year. Who really earned Disney’s profits—Iger or the staff? “There is no basis for believing that if companies don’t pay $ millions they won’t attract top talent.”
CEO’s name their own directors who approve their own pay contracts.

The largest five banks control HALF of American banking
The largest banks maintain 45 percent of the industry's total assets. Too big to fail has come true—banks grew by 30% since the failure in 2008. We saved their A** then but Obama and Congress have given up trying to regulate their bad habits. GOP promise to shrink gov does NOT include a limit on bailouts. It will happen again.
Avoid the coming tax increases: http://www.amazon.com/Tax-FREE-Income-000-tax-free/dp/1477472584


GOP voters say more tax breaks for rich is NOT the answer—“trickle down” is dead!
A YouGov poll earlier this year found that only 29 percent of Americans agree with the idea that "lower taxes on the wealthy stimulates the economy, with the end result of greater wealth for everyone." A recent Pew survey found that just 27 percent of American adults say the amount they pay in taxes "bothers them a lot." More than 60 percent say they are bugged by their perception that rich people and corporations don't pay enough. Kansas tried the “trickle down” and it didn’t work.

Will regulators force your broker/advisor to be honest in giving advice?
If the proposed regulations are issued by Obama, the fiduciary “do what is right for client” standard would replace the suitability standard that brokerage firms have used for decades. Brokerage firms would need to disclose compensation and conflicts of interest. The industry needs a new business model—help client—NOT sell the firm’s most expensive products. Examples: https://www.youtube.com/watch?v=8y6buvXsyto
https://www.youtube.com/watch?v=axxj_9XpWdc

Retirees beware state taxes
Some states make it hard for retirees to stay. Property tax and rents are chief among the drawbacks to living on the coasts.
Live Tax-FREE in retirement: http://www.amazon.com/How-Retire-Tax-FREE-Income-increases/dp/1484156951

Survey says young Americans don’t need the advisor industry
Americans between 18 and 34 are a mix of pragmatism and optimism, according to a survey of about 5,500 American adults done by Harris Poll for Northwestern Mutual. While younger workers figure they’ll lack the corporate pensions and social safety nets their parents may have, the survey shows they’re confident in their ability to improve their financial future. More than 70 percent feel secure or very secure that they'll meet their financial goals. Financial information is readily available on the Internet. Free money management tools and accounts make it possible to do everything yourself:
Use your IRS-approved Tax-FREE account: http://www.amazon.com/Working-Millionaire-Tax-FREE-Self-insure-Self-fund/dp/1460945484


Owe the IRS or have problem you can’t fix?
The Taxpayer Advocate Service is the IRS’s storefront. They explain your rights as a taxpayer. They offer free help for problems that are causing financial difficulties for you. Each state has at least one Local Taxpayer Advocate who is independent of the local IRS office and reports directly to the National Taxpayer Advocate. Call 1-877-777-4778.


DEM & GOP crazies
Has our Congress re-created the government we overthrew?
Remember why we fought the British government in 1776.
Today our so-called ‘representatives’ are millionaires and don’t know how we live. They are bought by lobbyists and the wealthy. Elections are decided by money so now we have “taxation without representation". Our “reps” have reversed the American progressive tax system so that working people pay 32% and the wealthy pay 14% or less. Our “reps” passed the repeal of the estate tax so the wealthy can create family dynasties. They cut the services we need to pay for the military-industrial complex. They let 2/3rds of corporations pay NO tax. We are paying for 1,208,083[1] armed personnel in the United States and 164,253 armed personnel guarding corporations in 150 countries around the world. Those corporations avoid taxes by keeping profits in foreign countries.  
Isn’t this the situation we faced in 1776 except now Washington acts like Britain?


GOP crazies
GOP candidate Rand Paul wants to cut taxes for the rich and workers pay more
His FLAT tax of 17% and 0% on investments is at the heart of this misguided plan. Most working people don’t pay 17% income tax. Wealthy would pay nothing since they live on investments (See Romney’s return) and nothing when they die with estate tax repeal. Dynasties will rule elections (CitizenUnited). Corporations like Apple pay 9% now and will keep their earnings overseas. Since he wants no IRS, corporate/wealthy could evade ALL taxes without penalty. If there is no FICA or Medicare tax then seniors will have NO Social Security and NO Medicare.
Back to the Middle Ages—serfs starved and dynasties ruled!

Rand’s Daddy, former Sen Ron Paul selling doom newsletter
“Worse than Great Depression is coming,” he says. He predicts currency collapse—complete financial meltdown. He says Social Security and 401k will be taken over by government and taxes increased. You protect yourself by buying some guy’s newsletter. SEC has fined newsletter guy for this BS before.  

GOP future President is NOT popular in own state and wants to cut Social Security?
C. Christie is visiting friends in NH since NJ would like to elect someone else. His poor showing in negotiating with EXXON has made him NOT a native son anymore. Polls say he is not liked—even among GOP—but loved by other states. To gain votes outside NJ, he promised he will means-test Social Security and raise the retirement age for SS and Medicare. How many voters will back him by cutting these programs? He also flipped back to support for vaccines after being against them last month.

GOP favorite Cruz has Wall Street money too
Bob Mercer, a reclusive hedge fund manager who made his fortune using computer trading, emerged this week as a key early bankroller of Mr. Cruz’s campaign start. He is believed to be the main donor behind a network of four “super PACs” supporting Mr. Cruz that reported raising $31 million just a few weeks into his campaign. Cruz wants to eliminate tax on hedge funds now.

GOP youngblood Rubio cuts taxes too
If you live on investments, like Mitt, your taxes from capital gains from a stock portfolio would be eliminated. Rubio also wants a big tax cut for families, by expanding the Child Tax Credit and letting parents apply it against both income and payroll taxes. No plan for making up the deficit this creates so we must wait to see how the poor will make up for the rich’s tax breaks.  

LA now allows people to discriminate for ‘religious’ reasons
Louisiana Gov. Bobby Jindal (R) supports the bill that explicitly allows discrimination based on an individual's religious beliefs," HRC legal director Sarah Warbelow said. "Nobody gets to go into court for a balancing test, there's no interpretation by a state judicial system. It flat-out gives individuals a right to discriminate, period."
“I will not serve you because the Bible tells me not to,” will be the norm in LA.

HEEEEES BACK
Donald has his birth cert. and he says he will surprise us in 2016. "This time, I'm very far down the line, so we'll see what happens," Trump said. "I'm going to surprise a lot of people." In fact, Trump pointed to his doubters as proof of the strength of his candidacy. "I'm going big," he said. "I get the biggest crowds. I get standing O's when I speak because people like that they know that I'm not going to let China rip us off, I'm not going to let Mexico continue to rip us off ... Japan is doing a big number and nobody knows it."  
Have you seen his TV ratings recently?

Kansas is now wilder than the old Wild West—a gun runner’s dream!
Kansas cancels gun permit and training requirement—we are not in safe Kansas anymore!
Even Wyatt’s Wild West had more gun controls than Kansas where crazies are now free to pack and don’t need gun training. KS had one of the lowest accidental shooting ratio before.

States cut basic services as GOP consolidate statehouses
States are stripping food stamp benefits from a million childless, able-bodied adults ages 18 to 49, according to the Center on Budget and Policy Priorities, focused on low-income American lifestyles. For instance, Maine has reimposed a three-month limit (out of every three-year period) on food stamps for able-bodied adults without minor dependents unless they work 20 hours per week, take state job-training courses or volunteer for about six hours per week. Usage has dropped nearly 80 percent since last year despite uneven job growth in ME.

Earn 5% on your checking?
You must use the debit card and direct deposit and other rules but 5% is 5%.
http://www.myconsumers.org/personal/checking/free-rewards-checking.html

Saving for college?
Use the tax-FREE savings account with higher rates:
http://www.mymoneyblog.com/529-high-yield-savings-interest-rate.html

New hope to control Alzheimer’s
Research at Duke University showed immune cells which start attacking nutrients in the brain may be a trigger for the disease. They say their findings could open up new avenues of research for a field that has not developed a single drug to slow the progression of the disease. If you can block this local process of amino acid deprivation, then you can protect from Alzheimer's disease.


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.
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 SEALS’ attacks on top terrorists at their homes. Iraq proved converting a nation to Western-style republic doesn’t work. The troops we trained ran away. We are wasting $4 billion a year on Afgan tribal rivalries; paying ransom to Al Qaeda; supporting corruption with our money.

NYC not guilty of negligence in death of 4-year-old girl because she did not call 911 herself while dying. Under established case law, to support a negligence claim there must be direct contact between the injured party or a family member and a city representative in order to create a “special relationship” between them.

GM not guilty of murder—corporations are people for elections but not when they kill
GM won't face lawsuits stemming from problems tied to its deadly ignition switch, a federal judge ruled. The decision upholds GM's so-called bankruptcy shield. GM acquired the shield as part of its bankruptcy when a new company was created in 2009, referred to in court as "New GM." GM knew the switch killed drivers but kept installing it after 2005. Some law enforcement officials say the information the automaker withheld might have changed their investigations. In all, G.M. now acknowledges that the defective ignition switch contributed to at least 47 accidents (a recent revision from its earlier tally of 32), including those that caused the 13 deaths. Premeditation makes it murder not negligence. Killing for profit is murder: $0.57 extra profit.

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