Friday, May 29, 2015

You CAN hide income like corporations do

Can you hide 20% of your earnings from taxes like big corporations?
Our corporations are hiding $2.1 TRILLION in earnings overseas to AVOID paying their fair share of taxes. And the cash piles have grown so large — about $90 billion at Microsoft, for example — that claims of plans to reinvest this money overseas simply aren’t credible. The money can’t go to the owners of the companies so our pension managers should be screaming. For many companies, like GE, who have manipulated the tax code to pay NO tax for years, there is no good reason to keep dividends from owners and investors. Yet, lobbyists and our “representatives” have conspired to do just that.
Now, you can make your earnings tax-FREE too and you don’t have to go overseas:

Did your 401k or IRA earn the market rate of 13% in 2014? If not …
Use the Buffett strategy to maximize your pension. Over HALF of actively managed mutual funds went bust in the last 10 years. Avoid fees that can take up to 63% of your total accumulations. If you rely on your broker’s advice, most Wall Street stock picks had negative or poor returns for the last 15 years. 

High-cost fund managers are cheating—using index funds you pay 40 times cost
ALERT: You may be paying 2.00% to your advisor who uses index ETF that cost 0.05%. Over the last five years -- a period in which active fund managers have both underperformed and lost market share to ETFs -- the number of actively-managed equity funds that hold ETFs in their top-10 holdings has jumped 174 percent, to a total of 148, according to Lipper data. In the past year, the number of active equity funds with ETFs as a top-10 holding has risen more than 23 percent, to 120.

Is that 12% car loan right for you?
If you need a ride to get to work and your credit is in the toilet, Wall Street will supply the contracts to lenders/dealers for your purchase. However, at 12% interest that vehicle will never get paid off over time. It will be repossessed and Wall Street will earn whatever you have paid before it is taken. Just like the no-doc mortgage fiasco that cost us $ trillions in wealth, no-income car loans are feeding the middlemen but not helping us working people. Dealers offer $30,000 BMWs to people without income or driver’s license because both buyer and seller are misguided by Wall-Street-backed lenders.
Desperation and greed make a crisis inevitable and bankers can NEVER go to jail.

Allstate planning to sell your driver data for profit
Allstate’s Tom Wilson said improved technology will eventually give the auto insurer a chance to boost revenue by selling customer driving data. Insurers are increasingly using data on customer habits to help analyze risks and set prices. The records could also be valuable to advertisers who want to know where potential customers travel and what hours they’re on the road.

Patient investors are more successful than active ones
After analyzing portfolios held by 325,000 users, the robo-adviser SigFig found that the most successful investors were the least active. Trading hurts us. Women make better investors than men. Warren Buffett’s style has been characterized as “investing like a girl.” Men tend to be overconfident, take undue risks and so earn less; repeating the mistake over again. Women realize that it takes time to grow a business—any investment. Slow and steady investing beats fast-draw investing.

DEM crazies
DEMs are running Bernie from Brooklyn with his common sense Agenda:
Address income and wealth inequality by demanding that the wealthy and large corporations start paying their fair share of taxes 
  Make quality health care a right for all Americans
  Raise the minimum wage to a living wage and make sure women are paid as much as men
  Make higher education affordable by ending tuition at all public colleges and universities and by substantially lowering interest rates on student debt 
  Expand and protect Social Security and Medicare 
  Have America lead the world in addressing the planetary crisis of climate change
  Take on Wall Street to restore sanity to our economy
Bernie will take votes from Hillary? Crazy! He has no millionaire PACs.

GOP crazies
GOP faces reality in some states—raise taxes to pay bills?
Even GOP must face facts sometimes. States have to pay bills and can’t print money so they must take personal responsibility (GOP theme). Cutting taxes in KS did not work. Businesses need good schools, roads, living wage, etc to be effective, despite what some GOP say. States do not have luxury of ideological standoff like Washington and can’t wait for the 2016 new regime.
GOP entry Pataki says "it is time to stand up, protect our freedom and take back this country." 25 candidates want to take back country from GOP Congress?

GOP Santorum wants flat tax and no regulations—careful what you wish for
Flat tax means most Americans will pay more and wealthy pay less! American workers actually pay about 18% of income with various deductions. Wealthy pay under 20% now. But we also pay SS, Medicare, DI, UC, FL, etc etc for total of 32.9%. Buffett pays 17.7%, Kerry and Romney pay 14%. Santorum’s plan is 10% or 28% but rich will pay capital gains rate of 12% down from 20%. He cuts corporate rate to 17.5% and manufacturers pay 0%. For most working Americans who already pay 10% or less, the other taxes would have to rise since the wealthy, who have no EARNED income, would pay 12% on their assets. Corporations that pay 0% now would keep profits overseas.
Santorum will cut regs on air, food, water, smoke, etc so pollution would grow!

TX is mobilizing against a military Coup d'etat by …  Obama?!
People are getting ready to take a stand against the Army with handguns. Media star Alex Jones is citing a plot by the Obama administration to declare martial law in Texas and take everyone’s guns. Rumors fuel paranoia and fear. The Gov and candidate Cruz are adding credibility. Is this just an NRA stunt to gain a million members? (The POLICE derailed a bill to allow people to openly carry handguns everywhere.)

TX asks for Obama help with flood relief after crying about too much government
Cruz promised to do all he could to ensure that Texans get access to the resources they need during the recovery. Rejected questions of global warming: He said: "the satellite data demonstrate that there has been no significant warming whatsoever for 17 years."
Is it rational to deny warming is happening?

Is a “smart” beta investment right for you?
“Smart beta is much more smart marketing than smart investing,” the legendary Dr. Burton Malkiel told his audience at Princeton. “I'm not a fan of smart beta,” declared the professor of economics, emeritus, and senior economist at Princeton University.  Malkiel is famous for his book A Random Walk Down Wall Street. Smart beta became a new marketing tool for the RAFI fundamentals-based indexes.

Is the “fiduciary” rule important to you?
Let’s say you are leaving your job for another and you ask your advisor what to do with your 401k or other pension. Most salespeople will move your money to their firm’s high-cost mutual fund and promise your money will be safer in an annuity they are selling too. This sounds good until you retire and find the fees (2% for advisor and 2% for annuity) have cut your nest egg by 63%.  
Instead, a fee-only planner would compare your current holdings to a similar low-fee mutual fund. After assessing the tax implications of moving your money to your new employer vs staying put vs a rollover IRA, they would give you an unbiased cost benefit analysis. You would have the option of paying a one-time fee or ongoing fee for this.
You could compare the three options yourself:

Which investment option do you use for your 401k, 403b, IRA, any pension?
Use the Buffett strategy to maximize your pension. Become a Buffett millionaire.
Avoid fees that can take up to 63% of your total accumulations.
Maximize your pension:

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.

We are building another military base for Japan at Henoko. Air Force Gen. Ronald Fogelman admitted that the Marines “serve no military function there. They don’t need to be in Okinawa to meet any time line in any war plan.”
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 to defend themselves.

The War on Terror requires special forces attacks on top terrorists at their homes like Obama’s al-Amr May14 Abu kill. Iraq proved converting a nation to Western-style republic doesn’t work. The troops we trained ran away, left our stuff—more costs. Former Saddam army now ISIS. We are wasting $4 billion a year on Afgan tribal rivalries; paying ransom to Al Qaeda; supporting corruption with our money.

Is your financial firm in trouble with government?
FINRA takes disciplinary actions against firms and individuals for violations of FINRA rules; federal securities laws, rules, and regulations; and the rules of the Municipal Securities Rulemaking Board. - See more at:  

NSA has records all our calls, BUT finding the needle in the haystack takes time
According to the New America Foundation, after NSA shared terrorist-suspect Moalin’s number with the FBI, the bureau waited two months to begin an investigation and wiretap his phone. FBI let Boston bombers go. Times SQ bomber found by street vendors not NSA. In the last 48 cases, more than half of the cases were initiated as a result of traditional investigative tools. The most common was a community or family tip to the authorities. Other methods included the use of informants, a suspicious-activity report filed by a business or community member to the FBI, or information turned up in investigations of non-terrorism cases. Patriot Act another Cheney deception?

Atlanta police-fire union screwed by Wall Streeters—jail time?
Regulators announced fraud charges against Gray Financial Group for their handling of the city's pension funds for police, firefighters, transit workers and other employees.
Laurence Gray and co-CEO Robert Hubbard IV steered public pension fund clients into an investment fund that did not comply with state law and collected more than $1.7 million as a result.

Regulators fine FL mortgage foreclosure firm
Hoffman Law Group is accused of using deceptive marketing practices and scamming distressed homeowners into paying illegal advance fees. Hoffman (formerly Residential Litigation Group), its operators, Michael Harper, Benn Willcox, and attorney Marc Hoffman, Nationwide Management Solutions, Legal Intake Solutions, File Intake Solutions, and BM Marketing Group, North Palm Beach, FL promised to save 2,000 homes from foreclosure.
None will go to jail and can move operations to another state.

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