Why doesn’t Congress stop corps from TAX EVASION?
One reason our Reps do nothing to change the tax laws may be
that there are many companies that like paying low or ZERO
TAXES now! There are 20 huge companies, including drugmaker Merck, diskmaker
Seagate and automaker General Motors. They reported effective tax
rates of 0% or lower despite reporting a profit. So says a USA Today
analysis of data from S&P Capital IQ. They don’t need to fake an offshore address to pay 12%? They
pay zero at home. Why reform our tax system. Some even get a refundable credit,
just like the poor with their Earned Income Tax Credit.
Pay your fair share of tax—NOT their share TOO. You can
avoid paying their tax with your IRS tax shelter: http://www.amazon.com/The-Tax-Shelter-Americans/dp/1500426520
Is $250,000 – retirement fund or child care – right for you?
To raise a child born in 2013 to the age of 18 will cost you
over $245,000, according to Gov. Let Gov help you have BOTH: a retirement nest
egg of $250,000 and child by using compounding of your tax refund (average $3,000)
or $9 a day. Compounding converts your refunds into $500,000 tax FREE. That’s
worth $250,000 in 30 years. http://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X
Advisors failing to attract or keep women clients
New study shows nearly 24% of advisers said some portion of their female
clients who had gone through the death of their husband took their business
elsewhere. Nearly 29% of the respondents said they had similar experiences with
women who had gone through a divorce. Firms
don’t hire women advisors. Women focus on retirement goals and perhaps they
realize better than men that advisor
fees directly reduce their nest egg. John Bogle, founder of Vanguard, estimated
that the average worker can lose 63%
of their total egg because of lifelong fees. http://www.amazon.com/Are-you-ready-retirement-worst/dp/1491002662
Is the Roth 401k right for you?
When the Roth option is
available, 11%
of participants contribute to a Roth, up from 9.6% in 2012 and 8.1% in
2011. Roths are favored by young men. Younger workers benefit more from the
Roth option. They have time for compounding to multiply their money 5 or more
times. IT IS ALL FREE of tax. By salary, workers earning between $60,000 and $79,000
had the highest Roth usage at 13.6%. In 2013, employees who made Roth
contributions saved more on average than their non-Roth-using counterparts:
10.3% v. 7.7% respectively.
$3,000 a year for 30 years
($99,000) is worth about $500,000 FREE of tax using a stock index fund. http://www.amazon.com/The-Working-Millionaire-Self-insure-Self-fund/dp/1460945484
Advisors don’t give refunds and
can trick anyone, even governments
In 2008, Goldman
lost Libya’s gov a $1 billion and still made $350 million in fees.
Goldman’s Arabic salesmen gave Libya
Time to consider alternative? Low-cost
investments beat high-cost investments no matter which advisor you use: http://www.amazon.com/Pay-less-Get-more-investment/dp/1500598321
Is your advisor using the wrong
retirement income strategy?
It is a mistake to move your
hard-earned nest egg into bonds to avoid market volatility. Bonds
are NOT safe for retirement income as advisors were taught 20 years ago. When
rates go up, you will lose value—your nest egg falls 10% for each 1% move up. At
least stocks beat inflation. What does Warren Buffett do so his family has
enough in retirement? He says his will specifies that the executor put most of
his legacy in stocks. http://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592
Is an international stock fund right for you?
Any successful portfolio must own some stocks of non-US
companies to capture growing global enterprises like China ’s
search engine Baidu. With returns averaging 11% since 1981, a global fund may
offset poor US
returns some years. Take one of our clients’ favorites: the Vanguard
International Growth Fund. This fund has expenses of only 0.48%--less than a
third that of similar funds. This fund is one of their Vanguard Top Ten: http://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
Why we praise Wall Street convicted
felons like Belfort—The
Wolf of Wall Street?
We all want to be rich. Wall
Street TV is giving a huge platform to the person who stole $ millions of
hard-earned savings from clients of his brokerage firm 20 years ago. He is
getting FREE publicity for his “motivational speaking(?)” US tour so he can
earn more $ millions. And he is praised for paying his ill-gotten gains back to
those he stole from. Jordan Belfort, The Wolf of Wall Street (2013) Comedy | Crime,
did some time in the federal “summer camps,” and is now doing self-promotion.
Why don’t we praise the bank robbers when they get out of jail? Is it class or
race or just envy .
GOP crazies
A grand jury indicted
Gov. Rick Perry on two felony counts, charging that he abused his power
last year when he tried to pressure the district attorney here, a Democrat, to
step down by threatening to cut off state financing to her office. The
indictment hurts Mr. Perry’s run for Republican nominee. Perry is charged with
abusing his official capacity and coercing a public servant, according to
Michael McCrum, the special prosecutor assigned to the case. The
long-simmering case has centered on Mr. Perry’s veto power as governor. His
critics asserted that he used that power as leverage to try to get an elected
official — Rosemary Lehmberg, the district attorney in Travis
County
Christie out of NJ more than in
it
NJ taxpayers are paying through
the nose to keep their Gov. on the road. His admirers are living in GOP states
these days. He will be in MS, ME, AL pushing for media exposure. NJ voters wish
him well. They expect no more $1 million bridge whitewash reports.
GOP Gov says “my wife made me do
it”
Former Virginia Gov. Bob
McDonnell took the stand Wednesday in his public corruption trial and wasted no
time distancing
himself from his wife. The Republican told the court that the day after he
won the governor’s office in 2009, while dealing with post-election phone
calls, he could tell that his wife, Maureen, “wasn’t as happy as I was about
the result.” She worked hard during the campaign, Bob McDonnell said, “but at
the same time, I could sense some tension about her impending role as first
lady.” The McDonnells are both accused of trading government favors for about
$165,000 worth of gifts and loans from a supplement promoter.
Dem crazies
LA Officials to Consider Reward
Lottery in Low Voter Turnout "Crisis"
Citywide voter turnout in last
year's mayoral election was 23 percent, the city Ethics Commission says. Each
vote is chance at $100,000.
Which cars are dependable?
Lexus products had the best
ranking because they averaged 68 problems per 100 vehicles (PP100).
Mercedes-Benz took second with an average of 104 PP100, and Cadillac was third
with 107 PP100. General Motors, Toyota
State Farm repairs are dangerous
"State Farm has created a
culture of unsafe business practices in which consumer vehicle repairs are
performed with cost-savings as the primary goal, rather than safety and
reliability," Caldwell said a press conference announcing the lawsuit
filed in 19th Judicial District Court in Baton Rouge. Louisiana
is the first state to file such a lawsuit but "it's a national
problem," Caldwell
Time to shop for new insurer: http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
Will your vehicle be stolen?
Honda 5 times more likely than Toyota
For 2013, the most stolen
vehicles in the nation were (total thefts in parentheses): Honda Accord
(53,995), Honda Civic (45,001), Chevrolet Pickup (Full Size) (27,809), Ford
Pickup (Full Size) (26,494), Toyota Camry (14,420), Dodge Pickup (Full Size)
(11,347), Dodge Caravan (10,911), Jeep Cherokee/Grand Cherokee (9,272), Toyota
Corolla (9,010), and Nissan Altima (8,892).
Thieves go for easy work NOT more
expensive!?!
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 their own defenses.
Mortgage mess created no
banker jail time—only $16 B, mostly lawyer pay
The people who made the mess—thousands of empty homes and
bank accounts for working people—got bonuses and no jail time. Bank American’s
stupid purchase of Countrywide after the crash has cost a bundle plus $16
B to settle liability (for lawyers). Little
goes to those hurt financially not to mention all the lost homes sitting in
mold etc. States want to demolish the properties now after they can’t be
renovated and sold. What ever happened to sweat equity—give them to Habitat for Humanity for those in need?
Is user ID/password use not worth the effort anymore?
Thieves have ours already? 1.2 billion unique usernames and
passwords and 542 million email addresses were reportedly stolen from 420,000
websites, according to The New York Times. The websites ranged from Fortune 500
companies down to small online retailers.
“Science fiction” in the making?
Russian
scientists say they discovered plankton while studying samples from the
exterior of the ISS — samples they only found because they were doing a routine
cleaning of the ISS' windows. Scientists are now baffled about how these marine
organisms made their way into space. How can they live in extreme cold and no
oxygen? Maybe the Russians brought the cleaning cloth from home?
IAN
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