Friday, February 27, 2015

If you pay more than 15% taxes, you pay too much

TAXES: If you pay more than 15% TOTAL taxes, you pay too much
Wealthy pay only 13-17% of their income for ALL taxes—What did you just pay?
Most people pay over 30% including fed and state income, SS, Medicare, DI, UI, FL, sales tax, property tax, gas tax, not to mention health insurance, retirement plan, etc. How does Warren Buffett pay only 17% TOTAL tax? How do Mitt Romney and John Kerry pay less than 15%? Two-thirds of corporations pay NO taxes at all!
Isn't it time you used the tax laws for your benefit like the billionaires do? Pay your fair share: http://www.amazon.com/Tax-FREE-Wealth-How-laws-free/dp/1475089236

Where is my refund?
E-file taxes and have refunds deposited to your bank account by the IRS and state. Avoid common errors . Usually the Fed refund takes 2-3 weeks. If you filed before Feb 1, you should have your money by now. Check your account and then ask the IRS at “Where’s my refund” in browser or https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp

Scammers going after tax refunds more than ever
Avoid this costly delay by REDUCING your tax withholding by your employer. If you have no refund, you can’t have it stolen. There is no penalty if you owe less than $1,000 or 90% of last year’s bill. Use Form W-4 to INCREASE allowances. Start your Wealth Reserve with the increase in your paycheck each month: http://www.amazon.com/Your-Wealth-ReserveTM-Tax-FREE-Investment/dp/1484954882

Get your refund (average $3,539) FAST—Create $ million account
E-file, when combined with direct deposit, is the fastest way to get a refund. It costs nothing for those who choose IRS Free File. State fees are $12.95 +. Some states allow FREE state filings for simple returns.

Obamacare Jobs Grow Faster In Medicaid Expansion States
States that agreed to expand coverage of Medicaid to more Americans under the Affordable Care Act have created more jobs than other areas of the country, according to a Forbes report. 66% of insurers are increasing hiring due to more coverage.


Dem crazies
ObamaCare Marketplace problem—AGAIN
Approximately 800,000 taxpayers who received health care coverage through the federal insurance marketplace Healthcare.gov were sent the wrong information on their Form 1095-A and are being urged to wait to file their taxes until the first week of March when they receive the correct information from the federal government.
Can’t they do anything right?

GOP crazies
People think we’re crazy. There’re terrorist attacks all over the world, and we’re talking about closing down Homeland Security. This is like living in the world of the crazy people.” “We can’t allow D.H.S. not be funded,” said Representative Peter T. King, Republican of New York.
YES, YES, YES, and YES

Giuliani came under fire for his "racist" comments after he attacked the president's upbringing during a private New York City event with Wisconsin Gov. Scott Walker on Wednesday. "I do not believe that the president loves America," Giuliani said at the Manhattan dinner, according to Politico. "He doesn't love you. And he doesn't love me. He wasn't brought up the way you were brought up and I was brought up, through love of this country." This is code for Obama is not white, Italian, New Yorker, fake-upper-class, conservative, elitist, smug, like Giuliani is. Vive la difference!
Obama is different, thank God. "I believe in American exceptionalism," he told Roger Cohen of The New York Times while still just a candidate, but not one based on "our military prowess or our economic dominance." Instead, he said, "our exceptionalism must be based on our Constitution, our principles, our values and our ideals. We are at our best when we are speaking in a voice that captures the aspirations of people across the globe."
Is Giuliani helping the GOP get elected? Voters want hope not personal attacks.

GOP does NOT want your broker/advisor to give you the best deal!
Rep. Ann Wagner is trying to stop the Labor Department rule that would raise investment advice standards for retirement accounts. Currently, brokers/advisors can sell you anything “suitable”. Obama wants them to sell the “best for your situation.” No risky derivatives, hedge funds, foreign bonds, etc. Brokers say that if they have to offer low-cost plain vanilla products, they will NOT sell to middle class investors. But there are thousands of hungry brokers who would be glad to offer good products. Their firms’ owners want the higher fees so they MUST sell the high-cost ones.


Greece’s economy may be the future for US
Working people in Greece want the government to go after rich Greek tax evaders and their firms. “I pay my taxes straight from my wages,” says Angeliki Katsarolia. “I can’t accept that big employers aren’t taxed. They have to pay their taxes, too.”
If GE, Verizon, and 2/3 of US corps don’t pay taxes, why should working families making under $50,000? Corps have tax-deductible lawyers who help avoid taxes on income. We can’t afford them. Is that fair?

IL helps workers save for retirement
Workers in IL will have 3% of their income set up in a tax-FREE retirement account and run by the state. Professionally managed at cost, these accounts might offset the looming crisis in senior retirement income needs.

Is it worth $100 to move your IRA?
Fido, Etrade, TD, Scott want your money and they are paying you to move your IRA. But what do they get? Fees and more fees. If you pay .4% now and they charge .8%, you will lose more than $100 in the next few years. You will be paying an extra $250, $500 for that move. The largest provider, Vanguard still believes “Cost Matters.”

Are you being ripped off like these workers?
Lockheed Martin agreed to pay $62 million to end a lawsuit over claims it shortchanged 120,000 workers and retirees who participated in its pension plans. The beneficiaries accused the defense contractor of subjecting them to excessive management fees and leaving those who invested in the company stock fund with returns that were worse than if they’d bought shares on the open market.

Is GOLD as an investment right for you?
Peter Hambro's Petropavlovsk Plc, once worth more than $3 billion as the price of gold it dug in the Russian Far East soared, has lost 99 percent of its value in the past five years. Even the smartest and best informed moguls make mistakes. Market timing does NOT work. If you held the S&P 500 index after it dropped -37% drop in 2008, you would have gained 26%, 15%, 2%, 16%, 32%, and 14% by now. Few were lucky to “buy on the next dip” and have a gain. Unless you are clairvoyant, don’t try to buy and sell—earn 10-12%.

The Centers for Medicare and Medicaid Services on Friday morning announced it will implement a special enrollment period for individuals who learn, at the time they file their taxes, of the Affordable Care Act-mandated tax penalty for not having health insurance coverage. Second chance to enroll begins March 15.

Is Long-term care insurance affordable?
Despite the press reports, few people end up in having to pay for nursing home care at $100,000 a year. Logically, you are more likely to run out of retirement money by living longer than ending up in a high-cost nursing home. There are alternatives to spending $7700 per year for premium for 20-30 years. That kind of policy contains a 5% inflation increase in benefits of $150 per day for 3 years.

Is a used Lexus right for you?
Lexus is the best overall brand; Fiat is worst. That's what Consumer Reports (LIST)
concludes combining road-test and reliability scores for 28 brands for which the publication had enough data. In its annual April auto issue says reliability and road test performance go together in what should be thought of "as a dating couple: often seen together." A 2012 E350 cost $22,000 in NJ already broken in at 41K miles.
Unreliable cars: do NOT buy
The most expensive are not the best—“You DON’T get what you pay for.” These are the ones you hope you don’t get attached to.

SCAMS           Why are we still paying $700 Billion a year for WWII deployments? That is 27 cents of each dollar in taxes—the largest part of our money—and we aren’t even at war. We could pay off our debts and fix our schools, roads and bridges!
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.
The War on Terror requires SEALS’ attacks on top terrorists at their homes. Iraq proved converting a nation to Western-style republic doesn’t work. Our trained troops ran away.

We can’t help ourselves—now Obama is doing it.
Looks like we are NOT getting out of Afghanistan after all
The new U.S. Defense Secretary Ashton Carter paid an unannounced visit to Afghanistan. Russia was there for 9 years December 1979 to February 1989 and did not win.

Looks like we will reduce Mosul to ashes and civilians will get out in time
Like Vietnam, we may destroy the town in order to “save” it from the “ungodly communists.” Like Pope Gregory urged Christian princes in 1073 to recover lands from Muslims in Spain by destroying them.

If your refund is stolen

Who owns your account now?
Kimberly-Clark offloading $2.5 billion in pension liabilities
On Monday 2.23.15 the company announced it is offloading about $2.5 billion in liabilities for 21,000 retirees to Prudential and MassMutual in a transaction that takes effect June 1.

IAN
41 Watchung Plaza, B242
Montclair, NJ 07042
973.746.2014
Alerts 

No comments: