Congress allows corporations to evade taxes--we pay for them
More tax dollars are leaving the country as more US firms demand tax breaks to stay. Walgreen got $millions in tax breaks from IL and then decides to leave. We are being blackmailed and Congress does nothing. Even Fortune magazine sees the collapse in tax fairness coming. Coast Guard rescues Miami-based Carnival distressed Triumph and avoids taxes to pay its fair share. These corporations use our ports, roads, courts, communities, military hegemony, banking and capital markets but don’t pay for them. Forbes blames our tax rate not being as low as 5%. The 1%ers already got their tax cut.
Don’t get stuck with their tax bill. Start paying your fair share:
More drug firms escape taxes
AbbVie plans to buy Shire and base the new company in the U.K. to benefit from its lower corporate tax rate. The move is part of a wave of U.S. health-care companies looking to take advantage of European deals to lower their taxes. Also Mylan of Canonsburg , Pa. Netherlands . Tax considerations appear to be the primary driver in AbbVie's courtship of Shire. Shire's tax rate was 17% and AbbVie's was 22.3% a difference of only 5%.
Young women turn away from advisors—using internet tools and save
About 45 percent of baby boomers use a financial professional compared with 31 percent of Gen Xers and 15 percent of millennials. “The declining use of financial professionals may be due in part to the vast amount of investment research and tools available on the Internet, which millennials and Gen Xers are often more likely to use than baby boomers,” said Lori Fouché, CEO with Prudential Group Insurance. Nationally, only 31 percent of women use a financial professional, down from 48 percent in 2008, according to the Prudential study. With one in five women saying financial professionals don’t understand their needs, using jargon and a hardcore product sell is part of the problem. Women make better decisions when they find their own solutions. Cut out the middle person and Save: http://www.amazon.com/Personal-Finance-Online-middle-person/dp/1500522120/
Best mutual funds from last year fail for this year
For funds in the top quartile in March 2012, only 3.78% maintained that position in March 2014, a new study said. “Very few funds can consistently stay at the top,” according to the report, authored by the index provider's director of global research and design, Aye M. Soe. “The figures paint a poor picture of the lack of long-term persistence in mutual fund returns.”
This study confirms that there will always be a top performer for the year but you can’t use past performance to pick it. With 9,000 funds, one will always top next year’s list—just not predictable.
An unbiased Morningstar study of all funds showed that “In every single time period and data point tested, low-cost funds beat high-cost funds.” Cost is the best predictor.
Use Warren Buffett’s strategy: http://www.amazon.com/Warren-Buffetts-Investment-Strategy-Forget/dp/1484822900
Why your health insurance costs so much
Some health insurers pay their CEOs so much they make the top 10 on pay day. Aetna paid CEO over $36 million so a good part of your premium goes to one man. Does he really help your health or even Aetna stockholder’s health? Could the company follow the rules just as easily without each patient having to pay $50 to $100 a year for this guy?
Obama cut deficit in HALF
The government's budget deficit will drop to $583 billion this year, the lowest level of President Barack Obama's tenure. Obama presided over trillion-dollar-plus deficits during his first term as the economy struggled to recover from a deep recession and financial crisis. GOP Reagan, Bush I & II ran the deficit from 30% of GDP to 90% of GDP, as in WWII, at $17 Trillion! Two tax cuts for the rich and two undeclared wars.
GOP Crazies
FL GOP caught changing voting map to suit GOP. Districts redrawn illegally according to judge’s findings. Even though there are more registered Democrats in the state, Republicans currently hold a 17-to-10 majority in Florida ’s congressional delegation. Did Bush II “win” 2000 election illegally?
Obama impeachment?
Sarah Palin declared last week that Obama should be impeached over the immigration crisis and other issues, a call that even Congressional Republicans have dismissed. “She wasn't a particularly good vice presidential candidate,” Holder said on ABC’s ‘This Week. “She’s an even worse judge of who ought to be impeached and why.”
“There’s a certain level of vehemence, it seems to me, that’s directed at me [and] directed at the president,” Mr. Holder told ABC News. “You know, people talking about taking their country back. … There’s a certain racial component to this for some people. I don’t think this is the thing that is a main driver, but for some, there’s a racial animus.”
The KKK uses bags of candy to recruit in SC
The imperial klaliff (political leader of the Muslim world) of the Loyal White Knights and said the effort was part of a recruiting event they hold three times a year. Kids found candy at door on Sunday morning with note "Save Our Land, Join the Klan." It had a phone number that led to an automated message discussing KKK efforts against illegal immigration.
GOP cuts IRS enforcement by 25%--we will have to make up for the tax cheats
The GOP-controlled House has voted to slash the budget for the Internal Revenue Service's tax enforcement division by $1.2 billion; a 25 percent cut that would mean fewer audits of taxpayers and make it more likely that people who cheat on their taxes will get away with it, especially if they have a lawyer/accountant.
GOP cuts securities regulator to halt advisor enforcement of fiduciary rule
House killed budget request for imposing the fiduciary rule (salesman must give best solution regardless of fees). SEC will not uphold ‘best for customer’ rule.
State Farm cancels 30-year homeowner because bad weather
State Farm, which has insured Metzler's property for 30 years, was declining to issue her a new policy. Too many claims, her agent said. Metzler, 74, was ticked off. Her neighborhood had been hit hard by extreme weather several times in recent years.
"It was ridiculous," Metzler said. "What do I do? Put a faucet on Mother Nature? Gee whiz." Homeowners met with Montana ’s Commissioner to discuss claims disputes. Some had assumed a policy couldn't be canceled because of an act of God. Not true.
Non-renewal presents real problems for homeowners because once a customer had been turned away after multiple claims, it becomes difficult, if not impossible, to be picked up by another claim-weary company.
Brad Hilliard, a State Farm spokesman, said it “has to look at what it can reasonably cover.” Doesn’t matter how long a customer has been with the company or what kind of insurance they have. It is how many claims a customer has filed. Claims cost money. Shop for discounts every 5 years since loyalty doesn’t matter: http://www.amazon.com /Homeowners-Insurance-Beware-Coverage-Policy/dp/1480100870
Senate supports Supremes: our employer now decides which religious law we live by
The U.S. Senate turned back a Democratic proposal requiring for-profit companies to provide workers with insurance coverage for birth control even if the employer has religious objections. Five white guys’ religious views upheld.
Social Security office still verifies income
Social Security said its offices will continue issuing statements that recipients can use to verify their benefits. People sometimes need the information quickly to verify their income when applying for a loan or other government benefits, such as housing assistance. GOP cutbacks had scheduled to close offices in October but that plan was put on hold.
9 used cars with problems—avoid despite price discounting
Besides many GM ignition faults, theses 9 are losers.
SCAMS Why are we still paying $700 Billion a year for WWII deployments?
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 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 for its own defense.
Ex-cop who shot dad in FL theater for texting is free on bond of only $150,000
It cost Tea Party leader $250,000 bond for doing MS GOP dirty tricks not MURDER. Ex-cop got No charge for shooting wife in hand. No charge for using gun in theater. Claims "self-defense." Family says he is not violent at home with guns!
Is your charity gift really a charity or scam?
IRS lists qualified charities online so you have no doubt.
AIG, the prime suspect in the 2007 financial crisis, is paid $650,000,000 by Bank America
American International Group will get at least $650 million in a settlement with Bank of America Corp. as the second-biggest U.S. bank seeks to end liability for faulty mortgages. AIG sold insurance to global institutions that bet on risky mortgages that went bad. AIG was bailed out by taxpayers and now reaped more profit from its bad bets.
Justice delayed is NOT justice
A dispute over a car damaged in an accident 18 years ago has led a Pennsylvania judge to order Nationwide to pay $18 million in punitive damages. It’s too late for the victims and only 1 week’s profit for Nationwide.
IAN
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