Don’s new tariffs could
cost each of us $6,000 a year
An independent
analysis of Trump’s tariff proposal finds that it could cost
the average U.S. household more than $6,000 per year, with much of the
burden falling on households with the lowest incomes. “We find that
a Trump tariff proposal against all countries would cost U.S. consumers $459
billion annually and $2.29 trillion over five years,” David Tuerck and Paul
Bachman, a pair of economists at Suffolk University in Boston, write for the
nonpartisan National Foundation for American Policy.
There are many ways for Trump to ‘tax’ the middle class.
Tariff’s increase the price of everything working people (not wealthy) buy.
Offset these tariffs with tax-FREE income: http://www.amazon.com/Tax-Free-Living-2012-strategies-build/dp/1477452702
Which investment strategy provides the best retirement
outcome?
“The stock market is a device for transferring money from
the impatient to the patient.” Warren
Buffett Mr Buffett's strategy of patience has proven to be the most
astounding in history. He has earned 20.8%
a year compounded over 50 years including recessions and wars. He does NOT
trade or speculate. He holds companies for a long time. Buffett has proved the
market is NOT efficient and stock-picking can work for a few.
Buffett is the genius who found a way to beat the market. The
average investor earned just 3.79% while the stock market earned 11.06% over
the last 30 years. DALBAR QAIB. You can become wealthy by choosing the best
investment strategy in the 21st century: The Hub and Spoke Strategy. Use the
best of both worlds: market index and Buffett's stock. There are almost as many
“investing” strategies as people who work on Wall Street. There are
institutional and retail investors who put up the money and take all the risks.
And there are salespeople
who take profits unfairly from the investors.
You have your choice but there are three considerations
first: trust yourself or others, your futures will change, wealth-building
takes time.
No retirement fund? $9 is all it takes
Almost 20% of Americans 65 and older are now working, according to the latest data from the U.S. Bureau of Labor Statistics. That’s the most older people with a job since the early 1960s, before theU.S.
enacted Medicare. This may explain why younger people have trouble finding work
and why wages remain flat despite productivity increases. More employers are
offering tax-FREE Roth 401ks yet only 10% participate in these retirement
funds. As the overall economy improves, the growth
of productivity is going to existing asset holders, not to those producing
it. Since 1995, the average year-over-year inflation rate for energy has been
3.9%, for food, 2.6%; for shelter, 2.7%; and for medical care, 3.6%. Middle
class expense increases leave no room for building assets.
Almost 20% of Americans 65 and older are now working, according to the latest data from the U.S. Bureau of Labor Statistics. That’s the most older people with a job since the early 1960s, before the
Build your own tax-FREE pension fund of $250,000: http://www.amazon.com/$9-Day-Millionaire-Turn-day-into/dp/1484890310
GOP budget-cutters go after the poor again—GOP ‘heroes’
target defenseless
It is an easy
group to target with no lobby and no defenders. GOP
will cut food stamps again instead of supporting a wage hike that might
reduce the need for this subsidy. GOP did not go after oil
and gas socialists on subsidies, not the socialist supports that guarantee
income to corporate farmers, not the socialist price
guarantees to sugar and cotton and peanuts and soy and corn
and etc. They did not cut the defense programs the pentagon
says they don’t want or need. No, they cut food stamps. No wage offset, no
retraining. Former manufacturing workers
now on food stamps. Part
time hiring up.
Ryan and Price: Such
HEROES of the political right!
Always hit the people who don’t have lobbyists or big
election gifts.
Making the world safe from BANKING
Congress and Obama have stopped fighting Wall Street during
this contribution period called the 2016 elections. However, the problem of leveraged
gambling without consequences still hangs over this planet. Closer than
global warming as a threat, leaders of the world’s financial system have not
taken the necessary steps to keep the world safe from BANKING, according to Mervyn
King, former head of the Bank of England. “The financial system, King
reveals, is still wired so that a handful
of well-connected people capture the benefits from risk-taking while the
entire society bears the cost.” Bankers and regulators use ‘complexity’ to
defeat serious change. King’s solution: let investors who give the banks money
to gamble take the hit when they lose. Keep deposits separate!
The gamblers can go broke; not the homeowners. http://www.amazon.com/Wealth-Without-Wall-Street-Commissions/dp/1442168137
What does the NEW
Republican Party stand for as of May 2016?
Limit rights of immigrants, non-Christians, Muslims, gays,
Asians, protesters, press
House
GOP votes to let contractors discriminate against certain people GOP
dislikes
Tax breaks for wealthy; cut funding for un-wealthy, poor,
seniors, underemployed, etc.
One-time 14% tax on wealthy to pay down national debt.
“I would build consensus, not use Executive Orders.”
“I'm not accepting any money from anybody, not beholden.” until
now--Trump
Fund
Increase debt and devalue debt and limit defense spending.
Cut regulation of all business activity except when
GOP controls women clinics
Regulate
all District Columbia activity/spending—end local control of DC budget
AL GOP reversed local control of Birmingham
city paychecks
MI GOP reversed local control of Flint
water against local experts
LA GOP reversed local control: wants strippers
to be over 21 but under 28 and 160 lb.
Climate change is a hoax.
Trade pacts are no good for us and no good for our workers.
Abolish IRS, EPA, Education, Dodd-Frank
financial protections
National right to buy and carry any firearms anywhere
anytime by anyone age 2 and up.
Reinstate Christmas and Christian observance in schools,
home, court, etc
Reinstate Christianity as the state
religion—bar
all others from public office
Reinstate abortion
exceptions except in OK—Doctors
go to jail for any procedure!
Replace Obamacare with Health Savings Accounts (tax
deduction not coverage).
Resist
approving judges for courts (fewest in 50 years) so Dems not make policy
Use dead
people signature fakes to get on ballot in some GOP races.
Install state Gov that cuts
Medicaid, education, federal support payments, infrastructure.
Trump
policy now and then: Unintended consequences is real threat!
Is an immediate annuity right for you?
When your advisor proposes buying an annuity to guarantee income for you in retirement, they may not mention certain facts that you should know. First, an annuity purchase is final – few can be reversed. Second, you will be receiving regular income from your IRA, pension, etc at age 70.5 due to the IRS mandate. Third, many annuities have higher fees and charges than similar income producing alternatives. Fourth, an immediate annuity starts paying you monthly income in return for your cash but is based on current low interest rates. When they go up, you are stuck with lower income.
When your advisor proposes buying an annuity to guarantee income for you in retirement, they may not mention certain facts that you should know. First, an annuity purchase is final – few can be reversed. Second, you will be receiving regular income from your IRA, pension, etc at age 70.5 due to the IRS mandate. Third, many annuities have higher fees and charges than similar income producing alternatives. Fourth, an immediate annuity starts paying you monthly income in return for your cash but is based on current low interest rates. When they go up, you are stuck with lower income.
Compare alternatives first: http://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019
Do you need a will like Prince forgot?
He did not leave one in plain sight so his
“relatives” will spend $ millions for lawyers and courts to get some cash
or what they “deserve.” Well if you have that problem, get thee to a lawyery.
Or make your own for $55 at Nolo or
as little as $35.
If you only have a house, car, bank accounts etc in joint name you may not need
one. Your IRAs and pensions have bene clauses so they don’t go to probate.
Simple asset estates don’t need lawyers—you may pay your state tax yourself.
Fed death tax begins at $5.45
million. I read library books to do mine. Avoiding
probate doesn’t help with some states: everything is taxed—even retirement
funds—unless it all goes to spouse.
Use the best estate planning tool: http://www.amazon.com/Build-Your-Tax-FREE-Wealth-Reserve/dp/1456505041
Don: “In
Trump We Trust: The New American Revolution,” due Aug 23. ‘God’ is gone!
Don
will cut Medicare and SS benefits “if tax cuts don’t make big surpluses”
“I will
never hire a pollster” pollster
hired this week but not admitted
Talking to
Kissinger, 92, 30-year-old-China-policy
expert?
In order to
get donor money, I
will not take $36 mil to pay myself back.
I would
like to see a White-versus-Black
season of “The Apprentice."
AKA John Miller: It
wasn’t me who faked me--Only a narcissist would do that! Anyway, I am only doing what the Founding
Fathers did! Really?
Paul Ryan: “I’ll have my people call your people,” Don
can pretend to change Congress.
My
cuts in food stamps make me a hero since poor have no lobbyist to offend
Paying
workers for overtime is “absolute disaster:” we pay too much already!
Hill: We all would like to pay 10% taxes like Don: show us
how you do it!
His Ossining
golf course pays tax on $1.4 mil but he claims worth $50 mil.
His
yacht had no NJ sales tax and his Grand Central Hyatt had no profits?
Here we go again—invading
Lybia in name of ‘training’
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!
.Raymond James caught not
watching for money laundering by clients
. Louis Martin Blazer III, Blazer Capital, used $2.35
mil from athletes by misleading
.MO lets anyone
pack w/o permit/training and kill by claiming “threatened.”
. Gregg D. Caplitz, MA caught
stealing $2 mil promising retirement income.
. Francis J. Bass, Phila,
caught tax fraud on medical settlements fraud
.Guns kill people: 18-year
old kills 3-year old for jumping on bed
.Guns kill people: 13-year
old kills 12-year olds’ parents for sex
We need regulation—GOP wrong—companies/cities
wouldn’t fix bad products on own
New rule lets business expense any item up to $2,500 – cuts
taxes
Effective for 2016 and later, IRS upped
the $500 de minimus threshold to $2,500. For small business, writing
everything off which costs less than $2,500 is now great way to reduce profits.
That’s right, $2,500 a pop. For example, for a food vendor, almost everything they
buy, except the truck they use, will cost less than $2,500 so they write them
off and pay less tax.
How our government wastes our money
.We pay extra $85 to avoid 3 hour lines at airport. Isn’t
that what terrorist would do?
.We pay
NFL teams when they honor servicepeople—and you thought they cared!
SCAMS
.MS schools
ordered to desegregate after 62 years – unequal education benefits
Who owns your account now?
Time Warner Cable to
Charter Communications
IAN
41 Watchung Plaza, B242
973.746.2014
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