Friday, January 29, 2016

You and I must pay Johnson Control's $150 million tax bill!

You and I must pay their taxes; Johnson Controls evades $150 million in taxes
Tyco in Ireland buys Johnson Controls but keeps name and headquarters in Milwaukee. A few papers are shuffled and our taxes or later taxes go up. It is that simple. Our ‘reps’ let it happen. Our average total tax burden is $17,372 (31.5%). We pay income taxes (federal, state and local), sales taxes and payroll taxes (Social Security, Medicare, and Unemployment Insurance). Since there are now thousands of companies leaving America or evading taxes, even getting refunds, we need over 8,800 more taxpayers this year just to cover Johnson Controls’ tax bill. The CEO used money for Ponzi scheme.
Don’t be the only one left paying taxes: http://www.amazon.com/Tax-FREE-Income-000-tax-free/dp/1477472584

Why not increase your tax refund $400-$800?
Study found you can increase your refund by doing these simple things. Even if you don’t want to do your own taxes, you need to test drive the FREE software to make sure your preparer checks for every credit: Free File IRS. Tax credits reduce your tax not just reduce you income. Deductions are limited while a credit can eliminate any tax owed. Some even give you a refund when none is due from your income. Look at last year’s return to make sure you have received every form. All banks and brokers/advisors don’t meet the Jan deadline. Try itemizing even if you don’t have a mortgage and property tax deduction. Education and child credits are best. If you make under $53,000, EITC worth $6,000 just by working. Charity clothes/cash deductible. Claim everybody. Pension and SS may be excluded.


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. We are on our own: 51 million taxpayers called the IRS with questions in 2015; answer few. "I've tried to call them," says Lisa Ross, "I gave up." After waiting on hold for hours, some taxpayers were forced to give up. Do what you think is right (Google it) and send. Check if your preparer is legit at https://www.irs.gov/Tax-Professionals/Choosing-a-Tax-Professional. For short time, Fed and state returns are FREE for simple returns at https://www.taxact.com/index.asp and at http://www.olt.com/main/oltfree/default.asp

What to do when your investments go down?
You could sell and lock in your loss or you could wait for them to go up. Your emotions say sell now before you lose more. Your mind says wait—where would you invest if you sold? Would you then miss the increases that might come again, like Thursday and Friday last week?  Look at the chart of the past returns. It really depends on when you need to use the money. If you don’t need the money for at least 10 years, 2016 is a dip. If you need all your money next month, then you should not invest—you should buy CDs. Depending on your time frame, you can earn 11% or 3% a year.


Use the tax code to reduce taxes even if you aren’t wealthy
The wealthy use accountants, lawyers and tax shelters to pay a lower rate than we do. They have the money for avoidance strategies. Very profitable corporations receive “subsidies” worth over $63 billions each year. Check your list: mortgage, education, medical, investing, lump-sum, gifts, and more. Most millionaires became and stayed rich by working in their own business. They reinvested profits and deducted every expense. They built their retirement fund from their business success. Even a small business can provide hundreds of tax benefits to offset your salary. If you have no business to reduce taxable income, use a Tax-FREE account with fees under 0.50%. Keep more: “In every time period low-cost beat high-cost.”


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

Trump: Meglomania defined: “I could shoot someone on 5th Ave and polls go up”
            “I won’t debate” I don’t like the moderator so I won’t play. Cranky baby?
            Fox says: "We can’t give in to terrorizations toward any of our employees."
            Palin, VP or SecDefense or new Apprentice show? His campaign promises
“I get elected, we're going to be saying 'merry Christmas' Christianity will have power”
Fiorina: Pitches Anti-Abortion to Preschoolers – Any rational adults around?
            Her fake video makers were indicted; Lied about Planned Parenthood acts!
Bloomberg: Will run if Trump vs Sanders—Battle of the Billionaires for control!
Jeb: MI gov Snyder did a ‘great job’  (poisoning children of Flint)—gov said water ‘safe’!
Sanders: Clinton supporters lack enthusiasm so they are desperate now.
Cruz: “I don’t have health ins bec/ ObamaCare” but he really does—was dazed/”confused.”
Rubio: “I will follow God’s word.” He plays the GOP religion card for IA voters.
Christie: Wants the state to pay for Atlantic City. Socialism or Communism?

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!

Michael Snedeker caught avoiding taxes skimmed from Swedenborgian Church Boston
MI gov gives clean water to employees while telling Flint poor that bad water is OK. Race?

We need regulation—GOP is wrong—companies/cities wouldnt fix bad products on own

How our gov wastes money
Keystone Pipeline Now Wants $15 Billion From US Taxpayers for cancellation.
$1 Trillion for F35 stealth fighter that our old F16 can kill

SCAMS
 “Isn’t this a wonderful country we live in?” said Cliven Bundy, Ammon’s father.
Good Samaritan shot by stranded driver he tried to help—“guns are not the problem”         
50,000 South Carolina residents tried to buy guns in December, the most in history.
Land Rover Defender dumped; not supported by India Tata

Who owns your account now?
FSC Securities, Royal Alliance, SagePoint Financial, and Woodbury Financial as AIG Advisor Group to Lightyear Capital

IAN
41 Watchung Plaza, B242
Montclair, NJ 07042
973.746.2014
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