Don’s new tax idea—let the rich pay 15% not 40% using LLCs
You need to open an LLC soon so you can push all your income
from self-employment through it. Don has proposed to tax individuals’ income
from partnerships, limited liability companies and other so-called
“pass-through” business
entities at a 15% rate. Currently, LLCs do not pay tax but pass the income
to the owners. They pay at their rate up to 39.6%. This will help Don since he uses
hundreds of LLCs to reduce taxes. All of his expenses go against revenue so he
ends up paying ZERO, as he did in 1978-79. His 1978 income was negative
$406,379. ZERO tax. The next year, it was negative
$3.4 million. ZERO tax!
More than two-thirds of pass-through income flows to the top
1% of tax filers. Like Don they charge everything (hair stylist, wigs, sprays,
etc) to the business. Don’s jets
and choppers cost $500,000 for 3 months charged to his LLC businesses. The
campaign paid for part of it. He made few deals this year so his tax bill
should be NEGATIVE—ZERO taxes. We will probably have to pay him a tax refund. America’s Socialism
for the Rich means they pay 15% and we pay 33%.
Avoid paying the taxes the rich don’t pay: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584
Best Robo-Advisor – Reach Your Goals automatically
The Ultimate Automatic Wealth Management account. Fidelity
found that their client accounts that were most successful were those put on
automatic—left alone—forgotten.
“The stock market is a device for transferring money from the impatient to
the patient.” Warren Buffett claims that his holding period is forever. He
advocates compounding (allow earnings on earnings to grow exponentially):
"My wealth has come from a combination of living in America ,
some lucky genes, and compound interest." Robo-advisors work
because money does NOT trade, rebalance, market time, buy high-sell low or
sector rotate. It compounds exponentially.
$9 a day and time! https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957
Are our cars eating up our retirement nest eggs?
Edmunds.com found the average loan price for a new vehicle was
$33,352. That makes the average payment $503 a month over 68 months! Since
compound investing is NOT taught in our schools, we didn’t learn cars can cost
us a $1 million retirement fund. How? Check it out:http://www.moneychimp.com/calculator/compound_interest_calculator.htm.
$500 X 12= $6,000 annual addition, 30 years, 10% interest rate, 12 times
compounding. If you begin late—age 40 or 45—you can still accumulate $1 million.
You’ll need it. Retirement may go on for 30 years after you stop working. A
special IRS account lets you spend it all too.
Use your Tax Shelter for Tax-FREE income: https://www.amazon.com/Tax-Shelter-Americans/dp/1500426520
How does muni bond interest (tax-FREE) increase my Medicare
charge?
To keep the wealthy from getting another free ride,
Municipal Bond income is included n your modified adjusted gross income. If
your MAGI is below $85,000 (or $170,000 for couples filing jointly), you pay $121.80
each month for Part B. As your MAGI goes up, so does your payment, which
tops out at $389.80 for individuals with MAGI of $214,000 (or $428,000 for couples
filing jointly). Your MAGI is used to figure other tax breaks too. When your
income goes up, so does the taxable portion of your Social Security benefits.
Up to 85% of your SS benefits may be taxes by the Fed. Some states tax it too.
Your Tax-FREE account can lower all your taxes: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977
GOP to reinstate anti-black anti-minority voter laws
Gov McCrory wants to
reinstate North
Carolina’s voter ID law despite court finding it “passed with racially
discriminatory intent.” Other states have faced
similar court rulings over voter restrictions, as courts have blocked
or weakened laws in Texas , Michigan , Wisconsin , Kansas and North Dakota recently. The courts found that GOP laws reduced
the number of early-voting days and changed registration procedures in ways
meant to harm blacks. Trump recently told supporters to stop
people who they see voting 10 times. “I’ve heard a lot of bad things.” Voter fraud has never
been proven in any state election site in decades. GOP and Don are using
this as tactic to reduce Dems. Scaring voters with his immigrants
are rapist talk would not reduce terrorists since most are from USA . Don would probably fail the naturalization
test since he does not read. The Gold Star father challenged Don to take the
test with him. Don and wives might fail.
Time to install single-payer health care?
Why life insurance
is NOT a safe legacy for
heirs
Agents selling life
insurance make the case that if you pay all this money during your lifetime, your
heirs will get the benefit when you die. But insurers have a trick. When you
die, even after you have had to pay more
premiums for low interest rates, they don’t
have to pay the death benefit. If your heir does not make a claim insurers
don’t pay. Either you pay for a lawyer to remember to file the claim or you
switch to the alternative to life insurance. The most
well known insurers have kept $ Billions in premiums and benefits. Your
heir may never get the death benefit. 60
Minutes exposes this legal ‘crime.’
A better way to buy
a Legacy: https://www.amazon.com/Life-Insurance-Need-Save-right/dp/1480002178
Don’s Apology: “Sometimes in the heat of debate, and
speaking on a multitude of issues, you
don't choose the right words or you say
the wrong thing. I have done that."
Forget I said all this:
Don: “Second
Amendment people, maybe there is” a way to stop Hill (with gun?).
Don’s
manager paid by Ukrainian pol slush fund: helps Putin invaders?
Ivanka
supports working
women although her business does not.
I screen out individuals who don't "share our values
and respect our people."
Vote
for me so I won’t feel bad: "Can you imagine how badly I'll feel if I
spend all of that money, all of this
energy, all of this time and lost?" I, I, I ?
Mike: Sure, I will show my tax return. Why not?
Hill: Don’s advisor
said I “should be put in the firing line and shot
for treason.”
I think Don
just asked the gun nuts to kill me. Some will try. Is this his exit?
This
election is like 1964: https://www.youtube.com/watch?v=uO0R4k1tVMs
Joe says
Don considering: https://www.youtube.com/watch?v=U-VzZQGWOqA
In 2006 I
promised 200,000 jobs to upstate NY. It’s hard to create new jobs.
Bill will shut
down his money machine if I am pres—he will find other deals.
Tim: "I trust Hillary
Clinton with our son's life."
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!
Your life insurance benefit
may NOT be paid: all major insurers keep $ Billions
John Place Global Transition Solutions PA caught overcharging
$13 mil commissions.
Michael Oppenheim Chase stole
$20 million from clients then lost it trading.
Wear a strobe! Uber driverless cars fetched with a button. Pittsburgh
pedestrians beware!
Amtrak Police Chief
Polly Hanson caught
giving $1 mill contract to boyfriend Thomas
Sandy Winick, Vergara or Cheer caught "penny
stock fraud” boiler room of $140 million.
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
Very religious TX woman
was convicted of keeping
two Mexican slaves for 14 years
Global warming is understood
by most school children but not oil rich adults.
Federal inmates
making defective
combat helmets for the U.S. military—manager?
Ignoramus Award: SS
admin required
seniors to obtain a smart phone to receive text message in order to access their
SS account. Complaining changed SS procedures back.
How our government wastes our money
Our taxes
pay for big oil and gas to buy our reps more lunches and give more
subsidies.
IAN
41 Watchung Plaza, B242
973.746.2014
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