Friday, January 15, 2016

Pfizer moves to Ireland and takes our tax money: Congress paid off

Our corporations are refusing to pay their fair share of taxes
If you are a shareholder, you owe taxes when Pfizer moves to Ireland. AND Pfizer just raised U.S. prices for more than 100 of its drugs, some by as much as 20 percent.
What do these company exits mean for our future society? Why do these firms use our courts, roads, airports, military and police if they don’t pay? What if their foreign branches need our military? Can we middle-class survive and pay more for their free ride?  AND Many firms get refunds (they take our taxes), creating bigger deficits for our kids. Boeing, General Electric, Priceline.com and Verizon and 22 others make huge profits AND Congress gives them refunds. WOW The total amount of federal income tax subsidies enjoyed by the 288 profitable corporations over the five years was $362 billion. You and I will make up for the refunds AND they no longer pay any taxes.

Is a broker/advisor’s advice worth the money you pay?
Not anymore. Another study shows Wall Street’s advice is worse than flipping a coin or going to a fortune teller. Consensus predictions were inaccurate in every single year, sometimes by preposterous margins. In 2001, professionals called for 20.7%. We got minus 13%. In 2008, they predicted 11.1%. We got minus 38.5%. Bottom line: If there were a single reliable indicator of the market’s direction, smart managers would use it. But systems and methods aimed at ensuring investment outperformance never work for long. You end up timing the market and lose because you need insider info to call both the top and bottom. DO THE OPPOSITE. Buy and hold like Warren Buffett: http://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

File your simple tax return for FREE
Many sites provide FREE federal e-file but charge $13 for state e-filing. The IRS approves these firms: https://www.irs.gov/uac/Free-File:-Do-Your-Federal-Taxes-for-Free.
Free fed and state is offered for simple returns at https://www.taxact.com/index.asp and at http://www.olt.com/main/oltfree/default.asp


IRS hires bill collectors for back taxes from the poor not the rich
Congress has given IRS the task of controlling these vultures and IRS learned last time they tried collectors: IT IS NOT A GOOD IDEA. It costs more than they retrieve. "It was an awful idea and it's unfortunate that it passed," said Chuck Marr, director of federal tax policy at the Center on Budget and Policy Priorities. You may need help if you get on an IRS collection list because you will get "robocalls" or "robotexts" multiple times daily for life. Once on their list, you will need a court order to get off. Scammers will have another reason to scam you. Over 1 million scam calls from the IRS have been recorded. IRS used to claim they never call you but now that will not be true.

Washington just cut a Social Security benefit after hours so no complaints
This is the way it happens. They take away little parts of our benefits a bit at a time. You may need this benefit and now it is gone (as of April). If you have to take benefits early because you were laid off and can’t find work at age 62, you may have been able to begin taking your benefits and ½ those of your spouse without them losing a thing later. This enhanced amount took the sting out of taking reduced SS early. Now your option is gone and there was no debate or even notice. Congress and the Prez also cut other benefits that might have helped you in special circumstances.

Supremes to take away union political power
GOP-inspired Roberts court will decide unions can’t collect dues to pay for negotiated contract. This will limit union political power and leave the elections to those who can spend $ millions via a super PAC. Like Citizens United decision, this tilts the balance of power toward the GOP and its trend to rule America with less regulation and more GOP-religion power.  

Does our President need to be rational and truthful? Do they even care about truth?

Trump: Muslim woman ejected from his rally for silently standing up
            White racist Jared Taylor tells IA: “We don’t need Muslims. Vote Trump”
            “No person except a natural born citizen, shall be eligible to the office of President”
*Cruz: Iran should have been bombed (“full force”) for holding sailors who lost way.
            Forgot to report $1 million “loan” from Wall Street—OOPS
Carson:  raise taxes on the poor by eliminating current benefits, EIC, CTC, etc
Rubio: support for citizen in-state tuition for undocumented; now against
Bernie: Gun bill complicated
Romney: “I think we’re nuts not to raise the minimum wage.”

Regulators are the only protection we have since we can’t sue anymore
            “It is nearly impossible for one individual to take on a corporation with vast resources.” (GOP bill requires impossible: every person in class action suffer “same type and scope of injury”)
               Supremes stop us from suing—State courts no longer available to sue corporations!
VW emission fix plan had gaps and “lacks sufficient detail.” VW not get it yet!
Cincinnati father killed his 14-year-old son--said he mistook the teen for an intruder.
MetLife to break up:  “too big to fail” regs force remaking biz.
Feds wasted 17 months before telling us about infections from gastrointestinal scopes
FiatChrysler caught faking sales for bonus, VW and Renault faking, GM kills 124.
Flint MI caught poisoning its own residents—“water is fine” no testing--just cheaper.

We need regulation—GOP is wrong—companies would not fix bad products on own


SCAMS
Bundy’s all-male party attracts the righteous martyr-suicide terrorists and gov does not even blockade the property. Party munchies requested. Where is Bruce Willis?
GOP denies warming trend but last 4 out of 5 warmest years were very recent
KY new GOP gov to shut state's health insurance exchange even when helped people
Rick Perry is now a lobbyist for a Florida dental company! What happens to a losing gov
Anglicans defrock Episcopals  for same-sex marriage
Planned Parenthood sued activists for sting video without permission
GE moves to Boston and sells appliance unit to China—of course

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