Tax Evasion over Last Decade Cost US $3.09 Trillion
GAO
report cites many offshore tax evasion programs for individuals to try to
collect taxes from Americans hiding funds in other countries. Multinational firms can artificially
shift profits from high-tax to low-tax jurisdictions using a variety of
techniques, such as shifting debt to high-tax jurisdictions. Since tax on the
income of foreign subsidiaries is deferred until repatriated, this income can avoid current U.S. taxes and
perhaps do so indefinitely. Corporations used to pay 40% of government
revenue, now 10%. The
payroll tax (on working people) has gone from 5% to 35%. Stop paying the corporate share. Use your
FREE tax haven: http://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441
American democracy headed back to Robber Baron days
Forbes released its annual list of the 400 wealthiest
Americans. They’re worth a combined $2.29 trillion (up $270 billion from last
year) – a 13 percent increase. These 400 billionaires
now own more wealth than the bottom half of America – over 150 million
people. Meanwhile, while the very rich become richer, most Americans have
become poorer. Median family income has
declined by almost $5,000 since 1999 and over half of the American people
have less than $10,000 in savings.
Do you live in one of the lowest pay cities in US?
The working poor class is growing in Orlando ,
which has the lowest median pay among the 50 most-populous American
metropolitan areas. Three of the city’s largest employers, including Walt
Disney, increased starting pay this year. Even after Disney raised its minimum
wage to $10 per hour, many employees live below the federal poverty line. Leisure
and hospitality jobs make up about 20 percent of the labor force but are low
pay. Many workers can’t feed families on $25,000 a year. Orlando
is now the most-visited U.S.
tourist destination, yet 40 percent of jobs in Orlando
pay less than $25,000 per year. A local economy dominated by low-wage jobs has
caused fiscal troubles for cities as well as among wage earners. Orlando
lifted property taxes by 17.7 percent last month to close a $17 million budget
hole next year. It joins low-wage cities like Atlantic
City , New Jersey Memphis ,
Tennessee
How can this trend be reversed?
With the Citizens United Supreme Court decision, the wealthy
can now buy elections like they did in the early 1900s, before campaign contribution
regulation. Wealthy activists are supporting GOP states like OH, NC, AL, TX,
KS, TN, WV, GA, ME, WI, FL where voter
suppression has been institutionalized. The state governments are passing new
laws to require 3 IDS, limit voting times and days, destroy voter
registrations and absentee ballots, require passport picture IDs, etc, just
like in Russia.
Could a foreign country using a dummy corporation buy an
election?
Yes, it is possible now since contributions NO LONGER have
to be disclosed to anyone.
ObamaCare enrollment starts Nov 15.
Your may want to check the insurance company ratings from Consumer
Report.
Each state list with score ranking of each plan, as well as
patient satisfaction ratings, and performance evaluations. Shop online or phone
https://www.healthcare.gov/
Can you find a new car for under $20K?
Edmunds did the research for you. Even though new cars can lose
40% of their value in 3 years, you might find one of these with zero financing
now. Or take last years’ models for spin and save $10K. Some have great
reliability and gas mileage. Lower insurance too.
Buy only what you need—skip the double coverage you already
have: http://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
Are stock market forecasters right for you?
When your advisor/broker gives you their ideas/recommendations
they are really forecasting the future. Consider what recently happened to one
of the best fortune-tellers. Investment giant Pimco’s CEO Bill Gross,
considered the bond guru of the age, just walked out of his job of 43 year. In
2011, he became a deficit hawk, declaring that low interest rates were “robbing”
investors. He pulled many of his investors out of U.S.
debt instruments. He
predicted a spike in interest rates when the Fed ended a program of
debt purchases in June 2011. He was completely wrong, and neither he nor Pimco
ever recovered.
Did Wall Street learn from this bad fortune-telling? NO. People
who were predicting soaring inflation and interest rates five years ago are
still predicting soaring inflation and interest rates today, vigorously
rejecting any suggestion that they should reconsider their views in
light of experience. Listen to Warren Buffett who actually runs businesses: "The
only value of stock forecasters is to make fortune-tellers look good."
Use the Best Predictor of Investment Success: http://www.amazon.com/The-Best-Predictor-Investment-Success/dp/1502524082
GOP crazies
Rep. Michele Bachmann and Hunter
predicted that ISIS members are planning imminent attacks inside the U.S.
and will make American cities experience levels of violence seen in Iraqi
cities like Baghdad . After arguing
that ISIS members are entering the country as they illegally cross the southern
border and “march through our United
States airports,” Bachmann made the false claim that “President Obama released Baghdadi,”
referring to ISIS leader Abu Bakr al Baghdadi. In fact, he was released during the Bush administration. “I don’t
want to see the car bombings and all of the havoc and chaos coming to the United
States that we see in Baghdad ,”
she said. “Since we have the Islamic State come into the United
States , we’ll see a wave of car bombings and bombings that occur here in the United
States that would begin the process of
destabilization to bring them to the point of defeating us here in the United
States .”
Ms Bachmann is on the House Intelligence Committee and may
run for President.
Is Medicare Advantage right for you?
Thinking about enrolling in, or making changes to a Medicare plan? Open enrollment is October 15 – December 7.AARP's Medicare Q&A Tool can help answer any questions you may have. http://www.medicare.gov/ provides help online and phone.
Thinking about enrolling in, or making changes to a Medicare plan? Open enrollment is October 15 – December 7.AARP's Medicare Q&A Tool can help answer any questions you may have. http://www.medicare.gov/ provides help online and phone.
Is mortgage refi right for you?
Rates are still low—3-4%--and you may be able to switch from a 30-year to a 15-year without much more money. Problem is that banks use computerized apps now and you may be declined even if you have good credit and great income prospects. Last month, the former chair of the Federal Reserve got his “we are sorry” letter. This is the man who set the bank rates for the country during the 2nd worst financial crisis, and he can’t get a refi on a sub-$million home in DC. Wow. Ben Bernanke makes over a $100 grand PER speech and will take down $250K plus as a lobbyist somewhere, and he can’t get a loan. The computer says he has no “regular” job, so he gets the decline letter. Pendulum swings in credit are horrific so you need to
Rates are still low—3-4%--and you may be able to switch from a 30-year to a 15-year without much more money. Problem is that banks use computerized apps now and you may be declined even if you have good credit and great income prospects. Last month, the former chair of the Federal Reserve got his “we are sorry” letter. This is the man who set the bank rates for the country during the 2nd worst financial crisis, and he can’t get a refi on a sub-$million home in DC. Wow. Ben Bernanke makes over a $100 grand PER speech and will take down $250K plus as a lobbyist somewhere, and he can’t get a loan. The computer says he has no “regular” job, so he gets the decline letter. Pendulum swings in credit are horrific so you need to
Create your own financial system: http://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466
Brokers may not pay up even if you win your dispute--BEWARE
If your broker misleads you and you win a judgment in
arbitration (suits are banned), you may never collect because brokerage firms
do not have to carry insurance according to their regulator FINRA. A group
of investors won a $3.9 million judgment against brokerage firm Resource
Horizons Group, after the firm failed to supervise a broker who was running a
fraud scheme on the side. The judgment is larger than the brokerage's net capital,
which was $558,628, so investors are out of luck. In 2012, brokerage firms
failed to pay $50 million in awards to customers.
Earn more without an advisor/broker: http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137
25% of young people ages 25 to 34 say they trust “no one” on
money matters
Nearly
1 in 4 say they trust "no one" for money advice, according to a
new study from Fidelity Investments. About a third said they trust
their parents most for information on money, but many reported a real lack
of communication with their parents about their finances. Almost half reported
never receiving financial advice from their parents. Nearly half
of them are already socking money away for retirement. Some have found the easy
way to invest—Use their tax refund: http://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X
Who owns your account now?
SBLI USA Life NY to Prosperity Life (Black Diamond &
Capital Partners and Reservoir Capital Group, CEO Hans Carstensen, previously
CEO Aviva Life).
Anbang Insurance, Beijing
buys the Waldorf Astoria.
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.
We need to learn guerrilla war tactics for 21st
century "wars."
Former AIG owner says he wants more of bailout from US
When the NY Fed,
Geithner and US Treasurer, Paulson panicked over the bank gambling debts in
2007, the Fed asked Warren Buffett if AIG was good for the loan. Buffett
Says He Gave Geithner Assurance Before 2008 AIG Bailout for $85 billion. The
bailout grew to $182.3 billion, with the U.S. Treasury Department also
providing assistance. This debate has turned into a lawsuit. AIG has paid
back the loan but the former owner wants more.
IAN
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973.746.2014
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