Friday, February 26, 2016

How to avoid your income taxes by using a PO Box in Ireland

Can you Pay Less Tax by buying a post office box in Ireland?
Like many American corporations, which the Supremes have decided are “people,” I want to “move” just my legal address to a country with lower tax rates so I can pay less. Recently, Johnson Controls, WI and Pfizer, NY, said they had “moved” to Ireland (not really). Recently, the NYTimes asked an expert how we real human beings can do the same to save taxes. We can’t do it, according to the expert. Corporations can give unlimited amounts to buy our elections and they can lie about their home and pay less tax. Apparently, corporations have more rights than ordinary Americans do. No surprise there—they can buy more politicians. We are billed for Pfizer’s $35 billion taxes! And Pfizer still gets to enjoy our courts, police, army, lifestyle benefits for FREE.
The Times forgot one way to avoid Pfizer’s taxes: http://www.amazon.com/The-Tax-Shelter-Young-Americans/dp/1500426520

Wealthy are seeding their next bumper crop of ... not tobacco but … marijuana
The next big thing for the 1% ers is outlawed in most states but has a growth potential bigger than alcohol. Your rich friends are looking for something new and exciting. “I was drawn to the newness and growth of the cannabis industry,” one said. Banks won’t touch the stuff but people with money to burn can’t resist “stirring the pot.” They just don’t tell their well-heeled friends. They call it an “agriculture play.” They look at the “12% return and 60 percent loan to value.” Most risk only 5% assets because “it can go up in smoke.”

This is why you don’t give money to hedge funds
Aequitas Capital Management appears to be unraveling before investor’s eyes. Everything looked good in 2015. Aequitas appeared to be a healthy, growing firm, opening a new division to serve investment advisors. At its peak, it reported some $1.7 billion in managed assets. It offered short-term notes through advisors paying 8-12% interest and a more than 2 percent commission to advisors. Then in late 2015, it told investors that it was unable to refund the notes when they became due. Now it is allegedly under investigation by the regulators.
Low-fee always beats high-fee investing according rating firm Morningstar: http://www.amazon.com/Earn-11-not-3-On-Investments/dp/1502412187
  

Vanguard attacked because the fees are TOO low?
Disgruntled employee is after a government reward for telling the IRS that Vanguard owes it more money because Vanguard charges less for its services than all other mutual fund companies. Claim: Vanguard’s average expense ratio is 0.14 percent, compared with an industry average of 0.64 percent. That means Vanguard’s fees bring in about $4.5 billion a year, and if the fees were raised to the industry average they would bring in about $20.5 billion. Since Vanguard is run at break-even now, that difference would presumably be profit, and thus subject to corporate income taxes. This means more tax for IRS. This is like asking your food co op to pay tax on the profits it does NOT make because it could be like a Kroger store. Some people have too much time on their hands!

What happens after ObamaCare?
Despite GOP talk, the government did NOT determine my ObamaCare coverage—an insurance clerk determined what care I can receive. When going for an operation (my hip replacement), I called Horizon’s clerk and she read the manual for my ObamaCare contract. My daughter’s employer actually determines what their coverage is and how much she must pay herself. All GOP candidates wish to eradicate ObamaCare on Jan 21 2017. When that happens, how will we obtain care? Most insurance contracts run for a year so nothing will happen. The enrollment for 2018 is in Oct, so Congress has to pass a bill to make a new system. Insurance firms and hospitals and most providers will need another year to design and sell new GOPCare health contracts. So maybe 2020!
Since NO plan has been offered by the GOP (ObamaCare was GOP idea in 1993), we can only assume that Trump’s plan will be used. He promised "We'll work something out," when asked by ABCTV. He says he will have private plans; “great plans and health savings plans.” He “won’t let people die in the streets.” This sounds like what we had before so insurance clerks will continue to decide what treatments and surgery we will receive—IF we can afford coverage. The poor will go back to hospital ERs for primary and preventive care and we will still have the most expensive system in the world that only treats those with money. Hospitals are required to treat thanks to Reagan in 1986.

Defense contractors pay GOP to increase deficit another $18 BILLION
House GOP urging a steep increase in the Pentagon's budget have already received $10 million in campaign contributions. The 34 GOP lawmakers, all members of the House Armed Services Committee, are pressing for an $18 billion increase in the 2017 budget year. The Government Accountability Office has identified several areas of the department as "high risk" when it comes to waste and fraud, including weapons purchases and financial management. The committee's chairman, Mac Thornberry of Texas, topped the list of recipients with $941,700 in contributions made by employees of and political action committees sponsored by companies that do business with the Defense Department. (AP) We can’t stop contractors from buying our Reps but …


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

Trump: Threatens Pope “when ISIS comes …” I won’t let Christianity be attacked …”
            Klan to back Trump and fmr Mex prez says false prophet.
            GOP history repeats "Fighting Bob" La Follette’s anti-establishment crusade.
Rubio: “We’re keeping Guantanamo” Crowd cheered and yelled: "Waterboard Hillary!"
            Implies Rubio WILL let poor “die in the streets” Trump sounds like a Democrat.
Cruz: Draft women ‘Have we lost our faculties? Is political correctness so consuming”?
            Unleash the holy wrath on terrorists—sending 100,000 more troops in tribal war
            Holy war: “Christians have been ceding the public square to non-believers” 
Kasich: “I’ll give the Japanese a missile defense system and send arms to Ukraine.”
            Women can no longer use Planned Pd for health care in OH: Back to alleys!
            Does not know if wants to be Prez. ??

Perry: I may be nominee in “brokered” convention. Is he doing LSD in TX?
Romney: Raised questions about Donald Trump's taxes—Like kettle calling pot black!
Bush: Momma was right—“We’ve had enough Bushes.” No WMD, Not safe by BushII.
            Bush-Carson-Cruz voters NOT likely Trump voters—Hillary alt.?

Hillary: Trust is not my strong point—experience is—but what laws did she pass?
            Americans like “socialism” by another name—SS, Medicare, Medicaid, etc
Sanders: GOP’s Koch says he agrees with Sanders: system is rigged against the people
            We rebuild Afgan and Iraq villages. Why not our 59,000 falling bridges?
            American Revolution from voters voting out the oligarchy.

GOP Religion law allows discrimination in the name of Freedom
America had the rule of law so that every citizen is governed by the same laws, applied through a fair and equal judicial process to resolve disputes peacefully. But states like WV just passed a law that only protects those citizens who have a “sincerely held belief.” Part of the test for this belief is the practice of religion that does not seem to follow the rule of law. So apparently, if you are not a practicing member of a GOP religion, you have no standing with the Religious Freedom Restoration Act. This law creates a special class of American, and in the case of HB 4012, a special class of West Virginian. This special class may practice freedom of religion, but those who wish to have freedom from GOP religion have no special protections. 20 states have this law even though Supremes said “unconstitutional.”
The law protects GOP religionists so if they don’t want to serve a person they don’t like, they can refuse without legal liability. Discrimination is legalized. Religion justifies racism, sexism, intolerance. Jefferson called for a “Wall separating church and state” but now you must have a “GOP religion” to have the law on your side. This law makes GOP religion superior to civil law. It allows a business to tell employees what birth control they must use because the owner holds “sincerely held beliefs.” And the owners have the money to get an order from the Supreme court. We don’t.
1925 Scopes trial—Students not FREE to learn evolution in public school because GOP religion: https://www.youtube.com/watch?v=d2ctCPe51X4
School boards still try to rip evolution from textbooks so no Freedom to learn still!
OH GOP just cut funding for women’s health care at 150 clinics. Clinics had no abortions

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!

59,000 bridges need repair: What are we waiting for? DEATH? Wealthy could cover it.
Cliven Bundy stays in jail: “danger to community and flight risk”—owes US $1million. Georgia businessman requires employees have a concealed carry license for his “safety.”
Asset recovery firms scam seniors who were victims of fraud money-making schemes.
Broker examiner officer warning that only 10% of brokers examined is dangerous
“Assault” weapon purpose? Kill as many as you can. Do real hunters really use them?

We need regulation—GOP wrong—companies/cities wouldn’t fix bad products on own

Is this the American Future with the GOP?
Latin American women plead with westerners to send abortion pills. The overwhelmingly Catholic countries have criminalized access to contraception. Women are scared of giving birth to children with microcephaly, the mysterious condition marked by an undersized head and brain damage that doctors have linked to the mosquito-born Zika virus. Pope OKs contraception but silent on already pregnant. The Pope first answered by calling abortion an "absolute evil" and a "crime." “That is what the Mafia does.” Some priests still insist on no contraception to prevent pregnancy: “just wait for a year or two.” Cruz, Rubio, Bush say their religious beliefs will guide Presidency: Abortion illegal?
Will this become the US policy under GOP Religion in 2017?

Is it worth asking for a price check BEFORE seeing doctor?
Can you pay less yourself even when you have insurance to cover that MRI or exam? Some are finding the new world of health upside down. Some providers are cutting out the middleman (insurers) and saving you and themselves time and money. Before you have it done, take a price check at http://clearhealthcosts.com/. This site takes real prices paid from patients: Mammogram really costs $50 or $607?

Buy your “no repair” car with care
Lexus, Porsche, Buick and Toyota captured the top four spots in the annual vehicle dependability study which measures owners' complaints per hundred vehicles and was released one day after a similar survey by Consumer Reports magazine. These vehicles all had fewer than 114 problems per hundred, with Lexus (95) and Porsche (97) setting the pace.

How to file your taxes for FREE
Despite IRS advice to file early, Congress gave many financial firms until Feb 15th plus a 30-day extension for some tax reporting forms. So you must wait or end up having to file an amended return. One firm, FOLIOfn, told me they don’t send forms anymore. I must find them and download. You don’t need to send in the forms with FREE efile, but the Payor’s number and amounts are important. EG: FOLIOfn’s EIN is NOT for 1099s.
Once you have all your forms, pick a FREE efile site at https://www.irs.gov/uac/Free-File:-Do-Your-Federal-Taxes-for-Free. Most charge for state filing and will work for any income. When you are done, most let you carry data and credits to next year so you will have less to do. I had to amend 2013 and FreeTaxUSA let me input and print it for FREE. Most sites ask you questions you can answer (some with email help) so filing is easy unless you are hiding money overseas (Romney) or have multiple real estate (Trump) holdings. My refunds are maximized and I get my money in my account in 2-3 weeks.
I am building my tax-FREE retirement with my refund: http://www.amazon.com/Pay-No-Taxes-in-Retirement-legally/dp/1507527977


How our government wastes our money
Air strikes costs $2.5 million each. We’ve spent $1 BILLION so far. We could have fixed the 59,000 bridges that need repairs immediately.  
FBI spends $8.3 billions on security:  Any hacker can crack 1 smartphone.
            Gov (NSA) already has San Bernadino terrorist’s phone calls in database!
            County owns iphone and could unlock for FBI. FBI really wants all iphone’s data.
It costs More than $233,600 a year to keep a young offender in LA county lockup.
Afghans abandoned three of bases in Helmand province surrendering 2 north districts.
Bush II pact allows Putin to spy on US anytime. Not keep us safe AFTER 9/11!
Drug tests for food stamps users but not farmers, energy, or corporate subsidies.
            States spend $1 million on tests to find 321 positive drugs in poor—no rehabbing.

SCAMS
Flint poor paying $864 a year DOUBLE average for water poisoned by lead—2nd highest
IRS OKs “secret money” groups for lobbyists—Saudi’s can buy our elections legally!
IRS seizes store owner life savings for no reason but not Cliven Bundy $1 million fees??
Scalia mystery death reaching from the grave to change GOP future.
We just lost the right to film police arresting someone. GOP wins another one!


Who owns your account now?
Johnson Controls and Pfizer are now foreign firms and leave US with their tax bills. Are car seats and drugs safe in future since we don’t control these firms anymore.  
China bought GE appliances, equipment/chip makers, seed producers, and Chicago stock exchange.

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