Don’s tax bill
shifted to you and me
“Mr. Trump is proud to pay a lower tax rate, the lowest tax
rate possible.” –that is 0%, NO TAXES. We
will have to pay his portion since he has just signed a paper “moving” his
542 income sources to Delaware .
This allows him to avoid tax on his income from US and foreign-registered
trademarks. Royalties from the use of his name and properties will no
longer be taxed. Since some are assigned to foreign firms, it is assumed
this is substantial tax savings. Moving the trademarks to his new company, DTTM
Operations LLC, will enable Don to avoid
other states’ income taxes on royalties paid for their use. Don just moved trademarks
to Mexico for bricklaying?
air-conditioner repair? and street cleaning? Don valued all this activity
at more than $3.3 billion. He reported income from royalties at up to $56.1
million. While avoiding taxes, he can use the trademarks as collateral for deductible
loans. Don’s “heirs could then benefit from any appreciation in the trademarks without
paying gift or estate taxes,” a lawyer said.
All this paper-shifting
could leave you and I with a big tax bill. Avoid it: http://www.amazon.com/Build-Your-Tax-FREE-Wealth-Reserve/dp/1456505041
Why aren’t we
getting rich? Attitude?
If the economy is
getting better and employment is up, why are we NOT getting rich? The 1% club
requires more income and worth to get in. Big
business is getting bigger, and workers’ slice of the economic pie is getting
smaller. Research shows a surprisingly tight link between the two
phenomena: The share of the pie that goes to workers has been shrinking
most in precisely those industries where ownership is becoming more
concentrated. Capitalism doesn’t work when competition is reduced.
JPMorganChase found that in many sectors the 50 largest companies sharply
increased their share of industry revenue. The share that goes to workers got
smaller in those industries. For instance in transport/warehousing, workers
lost 7.6% share of the value added. Railroads are very profitable but there are
fewer well paid workers. Health-care went the reverse since it is less
concentrated. When competition is reduced, business can charge more and unions
have less power. Invest like a business person—use the Buffett strategy!
Make the most of
your wages with the right Investment
Attitude: http://www.amazon.com/Investment-Attitude-biases-that-being/dp/1533424519
GOP-run states hit schools,
infrastructure, education, gun control, regulation, virus
Court of KS says if
GOP can’t fund schools fairly then can’t open in Fall.
OK allows guns
without reg or training. “It’s
our God-given right.” 30 states now.
60
% GOP feel helpless about the 2016 election. Party is non responsive.
KS
excludes thousands of voters from voting on technicality—Never asked for
papers
AL
Supremes head sues state in Fed court he denies has jurisdiction—GOP
crazies!
KS
tax cuts are ruining the state—lost $74 mill - no money for roads, schools,
MI gov helps Don by
NOT endorsing him
GOP
House does NOT help FL GOP fight Zika—FL begs Obama for Exec Order?
OH voters will be taken
off voter rolls without their permission or knowledge.
‘Trump
effect’ inspires thousands of immigrants to join US before he cuts them
off.
What would you do
over again (if you could)?
The majority of
people have few regrets in their life. Most of us make the most of the cards
they are dealt. Here
is where we would improve if we had the chance: No 1 on the list—invest early. We learn later that
compounding our savings really works if we use stock mutual fund earnings from
the start. If we invest just $166/mo
for 8 years ($16,000) by age 26, we could have over $1 million for retirement.
Use your Tax-FREE
IRS account and spend it all: http://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938
Do you have enough
in your virtual Social Security account?
Do you know what
your Social Security benefits
are worth? How big of a nest egg would you need to receive the benefits you
will receive every month? We assume you and I will receive the average benefit
for the average number of years in our lifespan. The average is $1,328/mo.
the average benefit period is 20 years. The
maximum is $2,663/mo. Some receive benefits
to age 100 or more. Using our calculator, we can estimate how large our virtual
SS account has to be. Vanguard retirement income calculator shows that you
have at least $400,000 in your virtual account. https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementNestEggCalc.jsf
So if you did not
have a SS benefit coming to you, it would take an investment account of about $800,000
(before taxes) to replace your benefits. Your SS account may have $1.2 million if
you receive the max benefit and live to age 100.
Just in case you
can’t live on $1,328 a month, invest $9 a day now: http://www.amazon.com/Get-What-You-Want-FINANCIAL/dp/1514751151
Tax-FREE IRS account
gives you $25 extra for every $100 you spend
The Roth IRA allows
you to keep all your earnings tax-FREE. While others are paying tax on
their deferred 401k and IRA accounts in retirement, you will spend $30,000 for
every $3,000 you invest with NO income tax. No Fed or state taxes. If you
invest $250 a month, $3,000 (average tax refund) a year, you will have $1
million in retirement. Since you already paid tax on the $100,000 you
contributed, the $900,000 is earnings and it’s all tax-FREE. If you spend
$5,000 a month, $60,000 a year, you avoid $15,000 in Fed & state taxes.
Since you have no taxable income, SS
benefits may be tax-FREE too.
Millennials are
better educated but not in financials
Millennial women
have made up the educational gap that used to exist between women and men, but
they still lag in income earnings potential and in the percentage of their
personal income they’re saving for retirement, according to new research from
T. Rowe Price. “Millennials are the biggest generation. They are the future,
and women have made up the educational gap in the workforce,” says Anne
Coveney, senior manager of retirement thought leadership for T. Rowe Price. “Millennials
have invested in educational attainment but they are saving a lower percentage
of their personal income than men,” she adds. But women live longer than men so
need more retirement money.
Save just $9 a day
for $6,666 a month later when you need it:
https://www.amazon.com/
Millennials-Investment-Strategy-BEST-journey/dp/1533079242
If you have over $3
million to invest, Bank America has an “advisor” for you
Otherwise, your
advisor is probably hard to find. New rules have made it more difficult for
your advisor to take high fees from your under-$1-million account. Fiduciary
Rule issued by Obama’s DOL says advisors must offer you the BEST product for
you and not the highest fee plan available. But most firms do
not offer the Best product for you so they will switch you to an account
the takes fees each year—making up high fees over time. So instead of 4.5% now,
you will pay 1% plus 1.3% each YEAR: $4.4 billion 2016.
See how Fiduciary
Rule can save you up to 63% of your lifelong costs: http://www.amazon.com/Fiduciary-Rule-BEST-dont-settle-anymore/dp/1530980275
How well do the 1%
live?
The top 1 percent of
American households now controls 42% of the nation’s wealth, up from less than
30% two decades ago. The top 0.1% accounts for 22%, nearly double the 1995
proportion. Inequality may be a powerful force in this year’s election but for
our businessmen it represents something else entirely. From cruise ship
operators and casinos to amusement parks and airlines, the rise of the 1%
spells opportunity and profit. Private
and separate banking, accommodations, rewards, housing, foundations,
etc have created a new niche for profit and more wealth. Middle-class shrinkage
means service providers ignore most customers and bend over for the booming
wealthy. From 2010 to 2014, the number of American households with at
least $1 million in financial assets jumped by nearly one-third, to just under
seven million, according to a study by the Boston Consulting Group. For the $1
million-plus cohort, estimated wealth grew by 7.2 percent annually from 2010 to
2014, eight times the pace of gains for families with less than $1 million.
Business goes where
the money is: Crystal Cruises will begin an airborne version
of one of its luxury ships: a customized Boeing 777 that ferries passengers on
14- or 28-day trips around the world.
How well do they
live: The Sky is no longer the limit—Bezos
promises space by 2018.
What does
Trump’s National
Socialism stand for?
Reinstate older
white male value system: Make ‘WASP”
America Great Again
Reinstate Christianity as the state
religion—bar
all others from public office
Reinstate Christmas and Christian
observance in schools, home, court, etc
Put up a wall, end trade, bring
back repetitive “robotic” jobs back from low wage areas.
Cut regulation of all business activity, lower
wages for women, pregnancy
‘inconvenient’
Increase
subsidies to oil gas, corp farmers, Boeing, big business
Climate change is a hoax. Let
oil companies drill anywhere. XL pipeline approved
Cut federal spending on health especially when
control women clinics
Don
will cut Medicare and SS benefits “if tax cuts don’t make big surpluses”
Cancel immigration for all the rapists and terrorists from
non-EU countries
Cut funding for un-wealthy,
poor, schools. seniors, underemployed, kids,
etc.
Increase debt and devalue debt. Let Mexico
pay for the Wall
Create tariffs on imports
so we pay $6,000 more for stuff we buy. Middle class tax.
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.
Install state gov that cuts
Medicaid, education, federal support payments, infrastructure.
“Lust
for executive power”—GOP House leader thinks Don wants to just snap
fingers.
“I
could stand in Fifth Avenue and shoot somebody and I wouldn’t lose any
voters.”
David Riden Don’s delegate claims he will eliminate
gov leaders not Constitutional
Suit
against my U. judged
by a ‘Mexican Gonzalo Curiel who hates me.’ Paranoia
World
leaders endorse me: North
Korea endorses 'wise' Donald – Dictator likes.
TheU “preyed
on the elderly and uneducated to separate them from their money.”
I never
‘settle’ lawsuits—just encourages more—Oh yeh, I
did settle 100 plus.
Hill: Voters don’t
know my vision for America ?
The things I am “passionate” about.
Paul: ‘This is one of my big concerns:’ Don’s
“lust for executive power.”
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!
.41 Secret
Service caught leaking personal info of congressman who scrutinized them.
. Jason Gill Javier Rios JSG
Capital caught stealing $5.5 mil in Ponzi fake IPOs
.Lynn Tilton Patriarch caught hiding poor performance
& collecting $200 million fees.
.
Steven McClatchey Barclays, Gary Pusey, his plumber caught
insider trading $76,000.
. Toyota Fiat Chrysler Volkswagen Mitsubishi selling new
vehicles with defective bags
.Nissan SUV 80,000 brake
light stays on recalled
.Charles Liu Xin Wang, CA, caught offering
visas and cancer center takes $27 mill
.Brain damage repair new
stem cells give life to stroke victims. Went home same day!
.Price break: synthesizing
genomes to grow
human organs for transplantation.
We need regulation—GOP wrong—companies/cities
wouldn’t fix bad products on own
SCAMS
Ignoramus Award: Fed
with 50 cyber breaches 2011-15 shows FOIA report heavily redacted so the
public NOT thieves, cannot see “security procedures” ? What?
State
Dept doctored tape of questions about Iran deal, then lied about it, lied
again.
How our government wastes our money
More
planes we don’t need with money we don’t have—cut food stamps, etc
30
admirals caught in bribery and skimming of $ millions from Navy 7th
Flt. Fat Leonard
Transgender teen
(girl at birth) banned from boys room. Boys don’t bother Gavin.
Who owns your account now?
IAN
41 Watchung Plaza, B242
973.746.2014
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