Friday, October 23, 2015

Wealthy make us pay their taxes thanks to Congress

Wealthy use these loopholes and tax havens to make us pay their taxes
Economists are now focusing on how and where the rich hide from taxation. We pay either now or later when deficits are higher. Can you use these tricks or havens: Sports ticket charity, art ‘museum,’ GRAT, truck/hybrid, 529, hire tax lawyer in Caymans, Lux, Swiss, or make your official “address” in Ireland, Bermuda, Virgin Is, Netherlands, Singapore, etc? Rich pay our elected officials to maintain the current tax evasion system. Eventually, top 1% will have us pay all of their taxes. Already they say: “We don’t pay taxes. Only the little people pay taxes.” 

Warren Buffett as your investment advisor!
You are better off managing your own accounts free with his 5 lessons to live by:
My wealth has come from a combination of living in America, some lucky genes, and compound interest.
We continue to make more money when snoring than when active.
I pay at a lower overall tax rate than all of my office employees.
...our favorite holding period is forever.
A low-cost index fund is the most sensible equity investment for the great majority of investors.

­­­­­­­­­­­­­­­
Did your broker rob you of your discounts?
12 broker-dealers were fined for failing to give discounts on sales when you buy in quantity. They call them ‘breakpoints’ and you may have paid the full load without the discounts up front in addition to the expenses each year and the back-end load. You may get some money back but you will have to wait. Why give up 63% of your returns?

Principal Financial shuts hedge fund Liongate—fees too high
Fee-conscious investors withdrew too much money from its funds. Investors dislike extra fees for poor performance. You should only pay when performance is outstanding.


GOP Freedom Caucus wants freedom from government not really to govern
Anarchists in GOP don’t want Ryan, Boehner or any ‘Leader’ so they can keep obstructing government. They keep getting paid for no work and love it. Freedom means party every night in Washington without the hard compromise work. Freedom Caucus has said “he [Ryan] is too willing to compromise.” They will stop SS, Medicare, Vets, all but guns! As Reagan said Government is NOT the solution, it’s the problem.
But Reagan raised taxes 11 times, tripled the deficit, gave amnesty to 3 million undocumented, sold weapons to Iran and created 300,000 fed Vet Adm.  

Is a FREE smart phone plan right for you?
If you need a phone only when you travel because you have a landline for regular calls, try https://ringplus.net/. I have been using for 3 mo with ZERO monthly charge. I bought smart phone from Sprint and moved my cell number from Tracfon but the FREE monthly minutes and data are enough for me to make the travel calls I need. It is my car phone. It costs me NOTHING now. http://frugalcaller.com/ringplus-review/
  
Does our President need to be honest?

Hillary: Called GOP bluff! Why FBI now? Trust her? It’s always the lies after.
Carson: Voter suppression laws not racist—just so happens they exclude DEMs?
            Replace Medicare/Medicaid with savings account? Honestly, what BS?
Trump: Can an entertainer/real estate salesman be honest?
Cruz: Shutting down gov. qualifies you to be Pres.?
Jeb: Using W’s advisors to justify W’s failures works?
Ryan: I want to be THE leader. Not the F___ing ‘Führer’ of GOP Anarchists!

Sanders rejects Shkreli’s donations—Shkreli raised price of AIDS drug $14 to $750.

Biden: I was against killing B Laden before, then for it AFTER? Wobble?
Webb quits—not enough questions in debate—really a republican?
Lincoln will NOT be Pres. Chafee quits after being Blitzed by Blitz.

GOP torture instigated by Cheney did NOT keep us safe!
Cheney’s methods were not effective for useful info. Police/Gov now use Cognitive Interview since new study finds better results. Cheney tactics are not as effective as just asking a few open ended questions with promise of better tomorrow. Confession/truth does not come from Cheney’s “enhanced interrogation techniques” – only more lies because prisoner sees no better tomorrow. Brutality instead of results only makes sense to sadists. Get more flies with honey!

We need regulation because…
Drones for fun can kill people and airplanes, says Feds.
Brokers rob investors all the time—no discounts, misprice bonds, etc etc.
GOP wants to end regulation of Wall Street and leave us to bail them again.

Fox News Wayne Simmons arrested for fraud, wire fraud, and making false statements.

OR college mass murderer acted like “playing a video game”
"He was so nonchalant through it all, like he was playing a video game and showed no emotion. The shots knocked me to the ground and felt like a truck hit me," Mintz said.  Is that what goes through the mind of mass attackers?

6 year-old kills 3 year-old playing with gun
Dad ‘hides’ loaded gun and then shows kid where he puts it. What kind of parent does this?
Angry driver kills 4 year-old because Dad in wrong lane. It is just like a video game!

New transmissions for some cars are problem—CR
Consumer Reports cites some tranny problems with long list of new cars. Maybe wait for fix or buy 3 year old to save 50%. I just got a Camry ’12 for about $13K w/o trade. New ’16 stocks will fill used lots by Dec according to some trenders. I looked at JD Power 3 year old car problem study to make sure. Could not afford Lexus and Buick so Toyota:  http://www.jdpower.com/press-releases/2015-vehicle-dependability-study

Why is the economy not as strong as it used to be?
One reason is clear. 70% of our economy is the result of us spending – buying everyday things. If we don’t spend; business don’t sell and we don’t get paid. Wages are NOT increasing yet almost all our expenses are. Wages are the same as in the ‘70s if you include inflation (6 cent stamp is now $0.49). The best paying factory jobs like making cars pay $28/hr tops. Now after Detroit bankruptcies and NAFTA, few cars are made here. New workers at Fiat’s Chrysler earn only $15.78 ($32,822 a year), and can hardly afford a Fiat. Worse, if we adjust for inflation, Fiat pays less than Henry Ford in 1914. Have you driven a FiatChrysler lately? Who can eat/sleep and save for college, retirement and health on $32,822? America is returning to the ‘good old’ Robber Baron days!

In case you are thinking of sending your car to FL by ITSELF
Tesla cars on autopilot in run from NY to LA encounter problems when lane lines disappear or you set car to go 90 mph on open road.

HOW CONGRESS WASTES OUR TAX DOLLARS
“We must guard against the militaryindustrial complex.” 1960, Pres Dwight Eisenhower.
Defense spending has DOUBLED in 14 years.
Since 2001, the base defense budget has soared from $287 billion to $530 billion — and             that's NOT counting the Iraq and Afghanistan wars, ISIL, Ukraine, Cameroon
US knew US would fail in Vietnam in 1965 but still 1.3 million dead, Kissinger diary.

America needs to take care of American’s needs FIRST!
Rebuild America Act: a five-year plan would invest $1 trillion and create or maintain at least 13 million decent-paying jobs—Senate Budget Committee but GOP says no.
Will GOP use taxes to move Alaska town due to global warming they don’t accept?

We are still wasting $8 million per HOUR we don’t have in Syria/Iraq/Afgan/            Ukraine/Cameroon. Obama keeps 9,800 in Afghanistan        
            Taliban captures Kunduz, Afghans run. We bomb hospital instead.

            We pay bonus for kills – no wonder the world hates us!

We are supporting child abuse by Afghan leaders by giving them arms/money.

100,000 our military in Germany and Japan….still. Why? Costs us $200 billion.
Residents of Okinawa object to tens of thousands of U.S. troops and another base there.

Who owns your account now?
Principal shut hedge fund Liongate after fee-conscious investors withdrew too much money from its funds. Investors dislike extra fees for poor performance.

SCAMS
Consumer Reports dropped its recommendation of the $127K Model S after owners of the electric luxury sedan complained of a series of problems including squeaking noises, motors that needed to be changed and issues with the car’s automatic door handles.

Wall Street self-regulator covers up bad broker activity still
FINRA has failed to live up to its promise that the settlements would not be removed from BrokerCheck unless they have little investor protection value.

IRS says scammers now use official address and letterhead via mail
Some schemes provide an actual IRS address where they tell the victim to mail a receipt for the payment they make. Others use emails that contain a fake IRS document with a phone number or an email address for a reply. These scams often use official IRS letterhead in emails or regular mail that they send to their victims. They try these ploys to make the ruse look official. Confirm legit by sending copy to: Internal Revenue Service Lead Development Center Stop MS5040 24000 Avila Road Laguna Niguel, California 92677-3405 or Fax: (877) 477-9135           

Paul Lee Moore, Coast Capital Markets, San Diego, guilty of fraud. Stole $2.6 Mil. In Ponzi. Any jail time?

IAN
41 Watchung Plaza, B242
MontclairNJ 07042
973.746.2014
Alerts 

No comments: