Trump tax situation
more mysterious: no
taxes paid in 1984 1978-79
Trump appealed tax
rulings in the 1990s. His 1984 federal income tax return included a Schedule C,
the form used by sole proprietors to report revenue. Trump listed no income on
that form, yet he
deducted $626,264 as expenses. He claimed a consulting business. His
accountant denies preparing his 1984 return even though his signature is clear
on the form. There were no receipts or documentation
for expenses including his hair, jets, golfing and food. The judge wrote, “The
problem at issue is not one of double
taxation, but of no
taxation.” We don’t know if Don ever paid taxes. In 2016 he takes on
more
debt as property values rise.
Avoid taxes legally
by using your IRS tax-FREE account: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520
What does Mike bring to Don’s party? Ann Coulter and I agree
on 1 thing!
When Mike Pence was
a young lawyer on the rise, he challenged a longtime Democratic congressman in
a GOP-leaning district. And then, scandal. Campaign finance records from the
1990 effort showed that Pence, then 31, had been using political
donations to pay the mortgage on his house, his personal credit card bill,
groceries, golf tournament fees and car payments for his wife. It stunned
voters — and undermined Pence’s strategy to portray the incumbent, Rep. Philip
R. Sharp, as tainted by donations from special-interest political action
committees. “It was a brazen act of hypocrisy,” opponents said. On 60 minutes Don said he ‘doesn’t
care’.
Don must feel
comfortable with Mike charging personal expenses to his work accounts, just
like he does. Don promised NO outside group funding but now beholden
to many. They pay his expenses to his firms. Don
was for bank bailout and auto bailout. Whether they fund them or nationalize them, it
doesn’t matter, but you have
to keep the banks going.”
Stop subsidizing America ’s
tax avoiders: https://www.amazon.com/Americas-Socialism-for-Rich-little-people-pay/dp/1535218584
58 % of Americans
are dissatisfied with their choices in the “election.” Corporations and
wealthy donor class will pay over
$6 billions to buy votes. Voters are split 50-50.
We CAN have
democracy in this country, or we can have great wealth concentrated in the
hands of a few, but we can't have both.
Louis Brandeis Supreme Court justice
(1916-1938)
How can the wealthy double their share of income since 1980?
The upper middle class expanded from 13% of the
population in 1979 to 30% in 2014, the Urban Institute found. Together, the
upper middle class and the wealthy had 30% of all income in 1979 and 63% in 2014. In the same period, the middle
class’s share of income declined from 46 percent to 26 percent. Biggest
factor: Education. Even with degree, low income grads earns less. Income gap is
passed down from generation to generation through marriage/affinity. Where
do you stand? http://www.investopedia.com/
articles/personal-finance/011216/average-retirement-savings-age-2016.asp
Protect your future with a tax-FREE account: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977
Is travel insurance right for you?
Despite terror events, “rates don’t fluctuate due to
events,” Ms. Taft said. “Travel insurance rates are heavily regulated.”
Policies are standardized so you can compare rates at consolidators like QuoteWright.com and Squaremouth.com or call an agent about which
policy may best suit you. One agent said what determines whether you are
covered is 1) when you bought coverage and 2) how exactly your travels were
affected during a terrorist event. For instance, a road closure in the
aftermath of an attack that causes you to miss
your flight would likely be covered. On the other hand, if you cancel
because of an event at your destination. “Traditionally insurance doesn’t cover
fear,” the agent said. Use your judgment: you are more likely to die from a
disease or lightning than from a terrorist attack. Millions travel without it.
Check your HEALTH policy: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083
Why do investors surge into stocks when the market hits new
highs?
If you are a long term investor, why buy when stocks are
making new highs? Wouldn’t it be better to buy when the stocks were on sale like in February so you would be up 16% by now?
This is an example of why the Buffetts and Bogles tell us NOT to time the
market. Wall Street “professionals” get excited about buying but their
costs kill our earnings so now they sell indexes as stocks (ETF)s. However, this can be a learning moment for us.
If our advisor is telling us to buy stocks now, you could finally realize that advisors
are sales people, not advisors. They want fees. (See p. 174 in https://docs.google.com/file/d/0ByXsRacEHnd5aTkyb2Z5eDMwT00/view)
It is not best for you to buy at news-cycle highs. An
advisor with your best interests at heart is telling you to hold if you are a
long term investor. Compounding only works if you reinvest dividends. Timing
the market is for salesmen’s fees/commissions.
Get the best for less: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
Where do you keep
your cash? Home?
41% of millennials
are keeping their “savings” at home, an Amex survey found, and more than half
of “savers” have their cash squirreled away in a “secret” location. First, $100
hidden at home for emergencies makes sense. Second, ATMs are open 24/7. Third, Warren
Buffett has said that the best place for your money is a low-cost stock index
fund earning 10-12%. Obviously the survey is not talking “savings” since cash
at home is NOT earning anything but negative consequences. If cash is sitting
around it will get used or shrink (inflation) or lost NOT saved. Some banks or
credit unions pay interest on checking. http://www.bankrate.com/finance/checking/high-yield-checking-a-good-bet-1.aspx
Your money is used for 3 things: https://www.amazon.com/Personal-Finance-Smarties-Not-Dummies-ebook/dp/B007SAPM1C#nav-subnav
Where can you receive unbiased advice?
Any person who gives financial advice in your particular
situation must be licensed. If they receive any compensation, they should tell
you how and how much. You can’t judge the validity of information unless you
know their biases. For instance, Warren Buffett has said that the best place
for your money is a “low-cost stock index fund” earning 10-12%. If we are scared
of losing money, the last place to find help is a salesman. Their job is
to make money for their firm and themselves. Many studies have shown that
advisors do worse
than monkeys at stock picking and the advisor total costs of 2-3% can
reduce your total earnings by 63%. You must pay for unbiased advice either
by doing your research or paying someone a fee NOT tied to the outcome. The
very wealthy have people on a fixed fee like a retained lawyer. You can pay $500
- $5,000 once for a fiduciary like the fee-only advisors at https://www.napfa.org/. Since you’re going to
need unbiased advice for the rest of your life, it makes sense to learn how to
handle your money yourself. Why give it to Fidelity, Morgan, Citi, or Schwab
whose profit
margin is 39%! Wow 39%!
Only you know your needs: https://www.amazon.com/Fiduciary-Rule-BEST-dont-anymore/dp/1530980275
GOP religion bill makes discrimination legal
Rep. Jason Chaffetz, R-Utah, thinks the "First
Amendment Defense Act" will protect the rights of religious
institutions since same-sex marriage legalized. Pro: Religious institutions
could NOT lose tax-exempt status if they oppose same-sex people. Con: It legalizes
discrimination against gays, lesbians and transgender individuals. It would
prohibit the feds from taking any action
against any person who, "acts in accordance with a religious belief or
moral conviction that marriage is or should be recognized as the union
of one man and one woman, or that sexual relations are properly reserved to
such a marriage." Means
NO SEX outside marriage despite GOP convention cheers for PayPal!
Feds could do nothing if people discriminate against others.
It couldn’t revoke the tax-exempt status of nonprofit institutions such as
religious schools or colleges run by such individuals; disallowing federal tax
deductions for contributions made to such organizations; or denying anyone a
federal contract, grant, loan, license or other benefit simply because that
person, or an institution run by that person, discriminates against certain
people for sex, race, creed, color,
etc.
So feds could NOT sanction person that discriminates against
people they think are gay or have sex with non-spouses—basically anyone
that person/institution doesn’t like.
CURRENT LAW: 1964 civil rights act said you can’t
discriminate against people you don’t like “based on race, gender, religion
or national origin.”
Impossible now
possible
Scientists have created
a hologram of a solitary
particle of light. Impossible they all thought. It was impossible because photons act as a wave and a particle at
the same time. Using two other photons which create interference, the
structure of another appears. Eventually they hope to make things on the
quantum level—‘universe in a marble’—level. Quantum action can happen faster
than light travels: Einstein said “spooky.”
Don: I do “not need to read extensively because I
reach the right decisions “with very little
knowledge other than the knowledge I [already] had, plus ‘common sense’
I have made
$1.4
million from running for pres so far—not bad for a ‘faker’.
Christie
threw my claim ticket at me: “You can pick up your own damn dry cleaning.”
“I am no beholden to
any group” except
$25 million at June events but voters
don’t care that I will be
beholden to groups and run by old
Dole operatives.
You will
never see my tax returns—I pay nothing—and press will blast me.
Perhaps U.S.
shouldn't come to the defense of its NATO allies if they are attacked
“Believe me,” he
repeated again and again, “I
alone can fix it.”
“At our convention,
there will be no lies,” but we
just heard one!
Mike: I am here to make
conservative religious feel good while Don does his thing.
‘Do you
think Don went too far [in insulting McCain]?’” Trump jumped in: "You could say yes... That's
okay. That one, you could say, 'yes.'" Bully tells him ‘OK.’
I just said
US support
allies but Don
said we might NOT support allies.
Hill: I will start
amendment to reverse
unlimited corporate election funds—back to US.
I will delay
testifying in lawsuit brought by the conservative group Judicial
Watch
Did Don
just declare “war” on all things Obama? Is this anarchy or Satanism?
Did Don
just tell Putin he could take Estonia
and NATO
meaningless?
Mel: I
did not plagiarized a Michelle Obama speech at GOP Ghostwriter
‘team’ did it: Meredith
McIver, former
ballet dancer, ghostwriter of Think
like Billionaire
Mel’s “speech
got more
publicity than any in the history..” That’s
what counts!
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!
. RiverFront Investment, VA, fined for charging
wrap fee plus fees covered in wrap.
.Finally police
call for BAN on open carry in OH—AR guns kill people, many people
.States
where you don’t need license—roam free and shoot—“I felt threatened” is
code.
.NC law restricts
minorities and poor from voting—up to 29,000 DEMs.
.Trump’s ghostwriter on “The Art of the Deal” says he feels “a
deep sense of remorse.” I created a monster—even
Don believes my myth of him as the great dealmaker. Sued
.Trump
sanctioned twice for racism: “the guy is lazy. And it’s probably not his fault because
laziness is a trait in blacks.” In ‘89, he called blacks and latinos, “roving
bands of wild criminals.”
.Fiat
Jeep caught inflating sales numbers to get bonus/stock price up
.Share of workers who telecommute has grown from 19% in 2003
to 24% last year.
.Prudential sales assistant caught taking
money from senior’s annuity account
.Goldman
caught helping divert Malaysian funds to Malaysian leaders; GS fee
$600,000.
.GM forced
by regulators (NOT believe defect) to recall 4.3 million Takata air bags.
We need regulation—GOP wrong—companies/cities
wouldn’t fix bad products on own
When everyone has guns; your
chance of being killed goes up. Police want gun control. They don’t
know who to shoot. Shot
a psych worker with his hands up while on ground.
SCAMS
Mick Jagger,
72, announced that he is
expecting his eighth child with his 29 year old gf.
Disney
tells employees to lie about alligator sightings—“never saw them, kid not
killed?”
Christie
lies to GOP spenders re: Trump never gave donation to Hur. Sandy
fund—never.
VW cheating code made to cover
up Audi fix (fuel) for diesel clattering noise at idle.
Ignoramus Award: 26-year-old PA man caught getting
high on stolen human brain.
How our government wastes our money
Throw money at unknown unknowns https://www.youtube.com/watch?v=GiPe1OiKQuk
Who owns your account now?
Fox News exec Roger Ailes will
leave and not be defended as predator but with $40 mil
All beer—same kettle: SABMiller to Anheuser-Busch
InBev
Insurers of Olympics say not
cover every type of loss related to Zika in Rio .
Call agent
IAN
41 Watchung Plaza, B242
973.746.2014
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