Friday, April 15, 2016

Why your tax is so high!

70% of US companies pay NO taxes
Why do we pay more taxes than the companies we buy from? The average person’s tax burden is 31% yet 1.6 million US firms pay less. 70% of the 1.6 million pay no Fed tax. Could it be that they have 12,000 lobbyists in Congress and we have NONE? Could it be that our “reps” give subsidies to the companies that give them election money? Could it be that our “reps” write laws that favor the wealthy who own these large companies? If 70% do not pay taxes and the rest hide their income offshore like many wealthy people, who will be stuck with all the debt our “reps” are running up. Who would you think will be stuck with all this debt—Social Security and Medicare recipients? Veterans? People who make under $100,000 or people who make over $100,000?

Wasted tax dollars—war ships the Navy buys but don’t work
Yes. We spent $23 billions on the $23 billion Littoral Combat Ship fleet  but the Navy said the LCS lacked a surface-to-surface missile to destroy an important class of would-be attackers. The new Pentagon budget tries to kill the full ship contract. Defense head Carter told the Navy to cut its request since the LCS has been plagued by cost overruns and technical glitches and faces serious questions about its survivability. Congress gives the military contractors in certain states this windfall and they get ship named for them. Lobbyists profit on the over $2 billion cost. We don’t have the money but Congress runs up our deficit anyway. They waste our hard-earned money.
Stop the waste with your tax-FREE account:

What to expect from your advisor/broker with the new Fiduciary Rule
Obama has forced your advisor/broker to offer you clearly disclosed product/solutions not just a “suitable” one. For instance, unless you are an active security trader, hopping from one “fantastic” opportunity to another, you should be offered the lowest cost long-term funds or securities available. The offer may be the firm’s “index” ETF or fund. But check the price. LPL is using BlackRock’s robot advisor but still charging over 100 bp.
The new GOLD standard is Vanguard’s 500 index (large stock fund) which costs 5bp ($5 per $10,000) and earns 10.8% since 1976. This is the one Warren Buffett recommends (p.20) in his will. If your guy/gal charges you 1% ‘managed’ account fee plus 1% expense ratio and/or 12b1 fee, you are giving up 63% of your potential total accumulations. This is your sign that they may have violated the fiduciary rule and you need to move your money to a licensed advisor on salary at Vanguard.

GOP stops AZ Dems from voting—won’t vote for budget or new Supreme either
Dems are suing GOP because the lines to vote take 5 hours. GOP cut county voting places by 85% (400 to 60) in Maricopa County’s black, Hispanic and Native American communities. One voter waited hours with child and inside was told no ballots for DEM left. GOP runs the polls and said “miscalculation” in saving money! 16 GOP states have changed voter ID laws for 2016 in effort to win elections. Dems may not have time to obtain relief in AZ by Nov since GOP officials may delay outcome and investigations.
Dems need new strategy for new voters since 5 hours in AZ sun may be too much.
It is easier for a woman to vote in Saudi Arabia than in AZ, FL, other GOP states.

GOP fails to keep contract agreements for retirees—SS, Medicare cuts next?
Like Gov Christie in NJ, KS Gov has decided to skip the state’s promised $92.6 million funding of retirees’ pensions. GOP seems to think legal contracts are meant to be broken. KS gave businesses a tax break and has no revenue. As in NJ, the wealthy are leaving KS AFTER receiving a millionaire tax break. In KY, the AG is suing the Gov for illegal education spending cuts. There is no integrity to the GOP promise of more jobs for tax cuts. Instead of winning more new business for the states, GOP regimes are driving out middle class jobs. In GOP’s “voodoo” economics, KS said skipping the funding will have “no impact on KPERS beneficiaries.” Such BS is driving our deficit higher.

We spend more on taxes than we do on Food, Clothing and Housing combined
31% of national income goes to pay for running all governments. In return we have representatives in no-work jobs, overpriced defense, lead in water and schools, subsidies for almost every corporation and product, wealthy people who pay only 17% tax on income and hidden income in tax havens. All of our income for Jan-Apr goes to taxes but rich work only Jan-Feb for tax man. Congress people earn 3 times what we do on investments with insider information and most are multimillionaires. Most spend over 50% of time raising money from other wealthy people. They each have 25 lobbyists for FREE perks.
We have taxation without representation:

GOP Religionists tell doctors when to use anesthesia and NC inspects your genitals!
UT state lawmakers (lawyers) are now taking doctor/patient decisions for everyone no matter what the conditions. For all procedures of certain types, lawyers are mandating by law that anesthesia be given to a patient. Even though reputable scientific research, backed by mainstream groups such as the AmericanCollege of Obstetricians and Gynecologists, indicates that the anesthesia may not be necessary. The law mandates that doctors follow a vague course of action that is likely to leave them stymied over how to reconcile the demands of the statute with their best medical judgment. 
Why does GOP want to regulate women but is against regulation for everything else?
NC police-monitors to inspect your genitals before using bathroom—Need birth cert too.

Wealth inequality explained by a 10 year old
Why do the poor go to jail and the rich pay the fine and skip the trial altogether. This kid explains it completely. How many people went to jail in the 2007 Wall Street con game? Will anyone go to jail for the sub prime auto loan fraud scandal? How is it possible to tank your company stock 31% and receive bonuses of $43.8 million?
Learn the tricks of the wealth game. Use your tax-FREE IRS account:

New study says you DO NOT need $ millions for retirement
We know that 45% of Americans don’t save for retirement—usually because they don’t have the extra coin. For those who do, the amount needed is very personal. "We find that the actual replacement rate is likely to vary considerably by retiree household, from under 54% to over 87%," Blanchett noted in his 2013 report. How do you know what you will need? There are several key decisions you can make at every age.

Banks can offer higher interest but …
As usual, there is a catch. You must be willing to abide by their special rules. For instance, some account pay higher interest on checking if you keep your balance LOW. You can’t add more to get more interest. Some need you to spend a certain way. Some don’t have a branch in your town. Some are credit unions. The alternative is to keep just enough in a checking to avoid fees and buy a higher yielding mutual fund.
Use the Vanguard Top Ten averaging 11.5%:

Supremes need a tie breaker and Pres can appoint one when Senate fails
When the Senate fails to exercise its Constitutional duty, the Pres can consider inaction a waiver of the duty and go ahead and appoint a person to the Supremes. This seems like the logical step given that the founders did not intend that the Senate should shut down the government for ideological reasons. Does a government stop making changes in your street after it gives you notice it is holding a public hearing and goes ahead? NO. If the founding fathers had wanted the Senate to name the Supremes, it would have said so. These old guys assumed that both sides would work together. The Pres initiates the process and when the other side does nothing, it waives its duty. We don’t stop the world because GOP does nothing; we go on and fill the office.  
Obama can put the Supreme tie breaker in office since GOP waived its duty. Hill's pick may be worse?

Universal Insurance offers homeowners insurance from Web
UPCIC’s direct offering for homeowner’s insurance products will allow customers to purchase, pay and bind policies online without the need of intermediaries. The site will launch this month in Pennsylvania with more states to be added in the coming months. "With Universal Direct, we are tapping the power of the internet to reach customers directly, a business model that has proven successful in other segments of the insurance industry, such as auto insurance,”

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

Trump: “I give a lot to charity.” It just isn’t my money—golf rounds from my courses cost me $0.
            Voting for me is hard. Even my children are NOT voting for me. They know me!
            Melania and the kids wished he’d act “a bit more presidential.”  Can he?
            “But I know it's [GOP] rules stacked against me by the establishment." World is not fair.

Cruz: “I love the smell of New York” Heidi worked for Wall Street’s Goldman Sachs.
            GOP Religion is on my side! I have prosecuted all kinds of sex cases.

Palin: “My dad taught science to sixth graders.” “See Climate Hustle for the real “facts.”

Ryan: I am not running but … in case these fools can’t decide I raised $17 million last qtr.

Bern: I am against fracking everywhere because pollution and earthquakes. 27,000 agree!

50 people pay for HALF the election money spent—we don’t know if they are Americans but they have the money to give $1-$5 million and they don't have to show their birth certificates. 

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!

.Medicare needs to negotiate drug costs before Medicare goes broke in 2030. Bulk rate!
.CA residents need earthquake insurance because you never know 110 years later.
.NC police monitors to inspect your genitals before using bathroom—Need birth cert too.
. ConvergEx Khaled "Kal" Bassily caught charging hidden markups on trades.
. Michael Donnelly, Coastal Investment Advisors, got 99 months for fraud securities 
.Elm Tree Investment, Fred Elem, caught defrauding $17 mil on IPO insider claim 
.Flint still can't get decent water and water bills goes up and up. 

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

How our government wastes our money
Hackers work for the FBI now (to crack Farook’s phone) and everything else you own.
            FBI found nothing linking Farook to ISIL et al but can hack your phone now.
GOP in WI, AZ, KS, MS, MO, OK, TN, UT spending $1 million for worthless drug tests.
Tax prep and processing costs us $2 billion and could be FREE like other countries. 

Goldman pays pittance for nearly ending financial system 2007-8 and NO ONE goes to jail. In 2006, Goldman Sachs was selling bad loan packages knowing they would blow up.
Congress makes law to make encrypted phones not encrypted and hackers easy access. 
MS sues over law that MS can’t tell us when Feds get our emails/data. BIG BRO
Drunk kid kills 4 but gets only 2 years in prison. Should have left him in Mexican prison.

Who owns your account now?
TradeKing to Ally Financial

41 Watchung Plaza, B242
MontclairNJ 07042

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