Friday, July 11, 2014

Tax evaders leave us with the bill


Tax evaders avoid $ billions of taxes and move jobs overseas
1000s of US corporations that profit from our purchases are not paying taxes on their income like we have to. The Supremes decided corporations are people and have “religious freedom.” Yet they don’t pay taxes on their income no matter where they make it—We must pay no matter where we earn it. Since they don’t pay taxes, we must make up the difference.
Is this fair? 
Microsoft, for example, with $76.4 billion in foreign earnings, said that if it had brought those earnings home in 2013, it would have reduced the deficit by $24.4 billion. MS would have to pay 32% of income just like we do.
Aren’t you tired of paying the tax bill for MS, Google, Apple, Citi, GE, 1000 others?

Is advisor advice right for you?
In a recent survey, 23 percent of respondents weren’t sure why they do not work with a financial professional. Others said they prefer to make their own decisions (24 percent), and they feel financial professionals are too expensive (23 percent). The 35 percent of respondents who do work with financial professionals share some traits. For example, 68 percent are more likely to have calculated their retirement income need; 53 percent are confident or very confident about maintaining their lifestyle through retirement; but only sixty-eight percent of these respondents plan to continue to work with a financial professional through retirement. New tools online can replace advisors for Gen X.
Once you know what advisors do, you don’t need themhttp://www.amazon.com/The-Tax-Shelter-Young-Americans/dp/1500426520


“5 year hiatus in my 401k cost me $250,000”
Tim writes that he stopped investing at work for about 5 years when he was 33. He thought buying a new car was the right thing to do but it cost him about a quarter million in his retirement fund. He was investing $250 a month in his low cost 500 index fund. He now has $570,000. He figures he must keep working for 5 more years to get to his goal of $800,000. Compound interest makes his nest egg double in about 7-9 years. He will move some of his funds to a bond fund for his retirement income just as Warren Buffett does for his family: http://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

High tech saves lives and money
Initial results of an analysis of combined crash-avoidance systems in the Honda Accord found they lowered insurance claims for vehicle damage and injuries, according to the Highway Loss Data Institute. Take ALL your discounts: http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Is a longevity annuity right for you?
The Treasury now allows longevity annuities in retirement plans. However, are they a good deal for you? Proponents argue that we are living longer and these deferred annuities insure lifetime income. Most start paying monthly income at age 85. Putting part of your nest egg in a guaranteed income vehicle sounds great but your money isn't liquid anymore. An emergency could require the money. The interest rates at the time of purchase may be low and thus you lock in low income for the rest of your life. Inflation reduces your purchasing power. Most annuity buyers don’t understand the costs and limits of the product. There are better alternatives that should be considered: http://www.amazon.com/The-Best-Annuity-Strategy-Income/dp/1497532019

GOP Crazies
Boehner's announcement that Republicans would sue President Barack Obama over the administration's decision last year to delay the health care law's employer mandate has left many feeling CRAZY. Crazed and confused!
That's because the GOP House lawmakers ALREADY voted to do the exact same thing -- defer until 2015 the Obamacare requirement aimed at making businesses provide health coverage to their workers, or pay a penalty. Boehner suing Obama because he did what House already made law. Obama is also carrying out the Bush II law giving children crossing border a place to stay for court date and lawyer and judges.  

Photosynthesis on leaves makes food and oxygen in ‘photo’
The photo was achieved by using an X-ray laser to record snapshots of molecules as they split in the reaction- a method know as X-ray crystallography. In photosynthesis, oxygen is created at a metal site, which contains a cluster made up of four manganese atoms and one calcium atom. This cluster is the site that drives the light-driven process of water splitting. According to the study, it takes four light flashes to split one oxygen molecule from two water molecules. The X-ray bounces off the materials projects a picture.

More wasted tax dollars
In 2013, federal agencies made $97 billion in overpayments, according to agency estimates. Underpayments totaled $9 billion. The amount of improper payments has steadily dropped since 2010, when it peaked at $121 billion. This $100 B does not include over $125 B to corporations as tax-FREE loans or $100 B subsidies to make oil, ethanol, sugar, peanuts, cotton, beef, on and on and also NOTHING at all. Congress people like Bachmann receive money to NOT plant on farms they don’t live or work on. Bachmann is a Swiss citizen. The farm bill cut food stamps to increase crop subsidies.


Now you will have no private life at all.

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 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 for its own defense.


Supremes allow corporations to decide coverage—no more cancer treatments are next?
Supreme Court ruled that the owners of private companies may refuse on religious grounds to offer employees insurance coverage for birth control. Some religions claim that death by natural means is God’s will. Scalia and Co face many NEW requests to cancel health insurance now. Constitution does NOT guarantee equal treatment for all according to Supreme majority. Congress must decide to stop Supreme’s change to Constitution’s guarantee for equal treatment for all.

Commerce caught overcharging
Thousands of Massachusetts motorcycle owners will receive a total of $14.6 million in insurance refunds as a result of a settlement with Commerce Insurance Company after allegedly being overcharged on their policies, Attorney General Martha Coakley announced.

One of Every Seven U.S. Cars Has Been Recalled but Not Repaired
Why? Many times customers found that dealers don’t have the parts so can’t fix even it got appointment. Some customers don’t understand how serious since recall can be for anything. Some customers bought the recalled car used and never heard about recall. Even GM ignition switch recall for safety poor fix rate.

IAN
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Montclair, NJ 07042
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