Evade taxes like corporation?

Can you evade taxes like corporations do?

It is difficult to claim you live outside the US when you commute from your home to work for a paycheck in your American town. Not many working Americans have found the secret yet. Congress people like Ms Bachmann (R-MN) and Mr Berman (D-CA) have given us some clues in their election disclosures. First, you take Federal government subsidies to NOT grow crops on your farm. You offset your earned income with “farm” expenses. Second, you park your money outside US. Third, you can expense all your travel and entertainment through your non-profit PAC or campaign organization. Fourth, your investments are sitting in trusts, REITS, Roth IRAs, IRAs and low-tax capital gain vehicles outside the US. Fifth, you receive gifts of the luxury items and travel you desire from admirers via PACs. Corporations use more complicated strategies to pay ZERO.  They use a PO Box only not a real physical office for their dummy front corps.

Pay your fair share of tax—NOT their share—use an IRS-OK tax shelter: http://www.amazon.com/The-Tax-Shelter-Americans/dp/1500426520

Is the Vanguard Energy Fund right for you?

Any successful portfolio must own some stocks of energy companies to capture growing global demand. As populations grow in Asia, energy demand will grow. With returns averaging over 12% since 1984, this global fund may offset poor US returns. Take one of our clients’ favorites: the Vanguard Energy Fund. This fund has expenses of only 0.38%--less than 70% that of similar funds. This fund is one of their Vanguard Top Ten: http://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Is the vehicle insurance “pay-as-you-drive” right for you?
If you have noticed, vehicle insurance is now a commodity. Insurers pick their group to insure and price the product to fit the niche’s needs. Driver loyalty means little. GEICO has put many dollars into making it a household name. If you do not want to subsidize TV adverts and poor drivers, pay-as-you-drive could be your future. Metromile says it can save average drivers $500 or more but it is only available in limited markets. You must install their tracker. If you are paying $2000 a year, this might be tempting. The insurer is “excellent” by AMBest but Metromile is new. Progressive and others have similar plans. Use all your discounts to save every two years: http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

What is the hard part of investing?

Funny, it is doing … NOTHING—just leaving your money alone, allowing it to work for YOU. Use the Buffett strategy—buy and hold. He holds some securities for 40 years. Find out HOW to keep your money working and turn $250 a month into $6,666 per month later. Set it and forget it. Don’t let your money go on unemployment.

http://www.amazon.com/Hard-Part-Investing-Allow-money/dp/1500941425

Is an IRS-approved trust right for you?

Families who don’t consider themselves wealthy are discovering the benefits of trusts. A trust can convert your investments into tax-FREE income, unlike a 401k account. It can provide a tax-FREE legacy for your heirs without a will or probate fees. An IRS-approved trust can be simple and free to establish. It is so simple you can manage it from your computer for the rest of your life. All the income is tax-FREE from federal and local taxes. It can protect your assets from creditors. http://www.amazon.com/The-Tax-Shelter-Americans/dp/1500426520

GOP crazies

Rick Perry thinks the ISIS terrorists are walking into his backyard. The Defense Department on Friday pushed back against Texas Gov. Rick Perry's claim that fighters from the Islamic State in Iraq and Syria (ISIS) might have entered “a ranch in far west Texas.” Perry faulted Obama on border security and for not providing arms to Syrian rebels battling forces loyal to President Bashar Assad.

GUN crazies

Arizona gun range instructor accidentally shot dead showing girl, 9, how to fire Uzi assault rifle. http://www.nydailynews.com/news/national/9-year-old-girl-accidentally-shoots-dead-gun-instructor-uzi-police-article-1.1917858#ixzz3Bb4myosd

What kind of human being would want a child to learn how to operate an assault weapon? Can this gun fetish be reversed?

What are we teaching kids today—Death is entertainment? The girl may never recover.

Have Americans gone completely mad?

Vehicle customer satisfaction scores lower

With fewer buying incentives these days, buyers are less satisfied with their purchase than in the past, according to this survey. Top marks went to Mercedes, Subaru and Lexus. Shopping is easier with the Internet but buyers are looking for incentives on their model and equipment. It may not be there since the depression ended. Buyers save up to 40% on used luxury with a guarantee from the dealer. Careful shopping and bidding wins especially when you look further from home.

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 their own defenses.

Will Bank America fine of $16 Billion stop the next banker from crime?

If you have the chance to make $528 million, will you stop yourself from going along with other bankers in faking a deal especially when you know your employer (and the government) will pay the fine for you? If you know that you won’t go to jail (even after you admit in email you were committing fraud), would you do it again? Ask Countrywide’s CEO Mozillo.  “I have no regrets.”

This is the perfect crime!

Why does AMTRAK buy its fast trains from German Siemens?
Caterpillar’s bid was higher. Caterpillar had closed an Electro-Motive assembly plant in Canada in 2012 in favor of a new plant in Muncie, Ind. The move positioned Electro-Motive to comply with the made-in-America mandate for federally funded equipment for Amtrak. Now Siemens will buy engines from Cummins IN and assemble in CA. Profits go to Germany. Jobs to US.

Citibank still lets traders play with $ billion losses—another taxpayer bailout?

Citi has reinstated the lady who lost $ billions of subprime mortgages in the financial disaster that cost taxpayers $45 billions. Bankers have no incentive to retire these gamblers since they get bonuses and never go to jail. “I would have expected Citi to take a different path,” said Cliff Rossi, who left in 2009. “It’s unacceptable for regulators to turn a blind eye as a big bank tries to get back into the risky –- and now prohibited –- gambling that brought down our economy just a few years ago,” said Jeff Merkley, Senate Banking Committee. “Congress passed the Volcker Rule firewall to prevent exactly this type of reckless behavior. Now it’s time for regulators to step up and enforce the law.” Regulators are blinded by future golden payday? 

Citi caught stiffing clients … again

Citigroup will pay a $1.85 million fine and return more than $638,000 to customers after its securities unit failed to get the best prices for clients in about 22,000 trades over more than three years, the Financial Industry Regulatory Authority said. Lucky one complained.

First Command advisor was caught forging signatures of dead clients in 2012 to empty their accounts. First Command focuses on military service members and federal employees. Redonda Russell, 66, of Fort Worth, pleaded guilty to felony wire fraud. Russell worked for First Command for 22 years before leaving the company in 2013.

IAN

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Montclair, NJ 07042

973.746.2014

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