Another way the wealthy avoid paying taxes—a ‘Charity’
Foundation
You give yourself a tax
credit when you give money to a charity like Trump’s
501(c)3. You ask other wealthy people like ticket
scalper Ebers to give money to your Foundation. Then, since you are the
head of it, you give their
cash to pay your legal
fees of your other businesses. You give cash to Jets (head
NY GOP fundraiser) and FL
AG so she ignores your U. fraud. You give cash to Citizens
United another GOP group. “If he’s using other people’s money — run through
his foundation — to satisfy his personal obligations, then that’s about as
blatant an example of self-dealing [as] I’ve seen in awhile,” one analyst
said. The IRS is too busy hunting down ObamaCare taxpayers to do any real legal
probes. Congress
cut their business audit staff. The wealthy know the chance of real legal
action is small. If caught, they just pay the tax they avoided years earlier.
Meanwhile they have used tax-free cash to pay their bills and gained political
influence too. Richie Ebers gets the $477,400 tax credit too. Jets owner gives to NY GOP
elections.
As Trump said, “When you give,
they do whatever the hell you want them to do.”
Your pension may not be what it says it is
Your pension may be hiding
the real state of your pension funding. When all the assets in the pension
fund are given actual market value (“marked to market”) compared to the assumed value given by actuaries, the
pension may not have enough to pay your benefits. When a small town pension
pulled out of the large CA state pension fund CAlpers, the town found out it
was $48 million short of what it owed retirees, or four times what the official
numbers showed. Pension
actuaries assume assets will earn 7.5%, but when they don’t, the fund does
not ask for more from the contributors. Everyone assumes the assets will “earn
7.5% on average.” The times when assets don’t earn the average it is assumed
they will make up for it during the good times. Over long periods, that has
worked for state and private pensions. However, when contributors quit the
pension during lean times, or the pension offers new benefits to early
retirees, they see the “emperor has no clothes” and must put up more money to
pay the promised pensions.
Vanguard values retirement accounts daily and they can be tax-FREE: https://www.amazon.com/Your-Pension-in-Box-tax-FREE-/dp/1481945157
Top Wall Street investment firm destroys myth of Wall Street
brilliance
Laurence Fink, founder of BlackRock, the world’s
largest asset manager, has been to the mountain and seen the future when he
lost $100 million. Now he guards $5 Trillion. “I believed I had figured out the
market. But I was wrong because while I wasn’t watching, the world had
changed.” The future
of finance, Mr. Fink has argued, lies with rules-based, data-driven
investment styles such as exchange-traded
funds, which track a variety of stock
and bond indexes or adhere to a set of financial rules. The idea is that
such an approach eliminates at least some of the potential for human error,
while lowering costs.
Vanguard master of the indexes gives the profits back to us:
https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X
What does Warren Buffett recommend if he were your money advisor
Mr. Buffett holds stocks for the long-term—some, like Coke,
for over 30 years. He says his holding period is forever just like index funds.
He says he buys stocks at the lowest cost he can just like index funds. He says
he buys stocks that have a ‘margin of safety’ from losses just like index
funds. He says he buys American firms just like the S&P 500 index. He buys
stocks of various industries—drinks, bricks, RR, jewelry, underwear, air plane rental
and insurance—just like index funds. He buys stock when the price is low just
like ‘dollar cost averaging’ index funds. He counts on compounding of earnings
just like index funds. He buys stocks NOT being pushed by Wall Street just like
index funds. He lives in the same
home for over 30 years—just like you.
https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963
You are more likely struck by lightning than find the next
Amazon
If you listen to Wall Street promoters and cable smarties,
you only have to buy their ‘projected winner’ to become rich. However, the
actual odds are 1 in 43,000. Odds of
lightning strike are 1 in 13,000. If you work for a new economy startup like Lyft,
you have a better chance than being a brokerage firm customer. If you invested
in your advisor’s choices, you have a 50-50
chance of losing money; not owning the next Amazon. Warren Buffett’s stock
has averaged
20.8% a year for over 30 years. Of course he can’t guarantee the future so
he told the executor of his will to put all his money in just 2 Vanguard index
funds for his family.
Your advisor’s guesses are not worth the cost: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592
Will you regret the new car you just bought?
People vote on the cars they buy by selling them the next year. The most regretted are those with the highest percentage sold after just one year. You save 20-30% when you purchase the 1 year left-overs with few miles. We don’t know why but here is the list:
People vote on the cars they buy by selling them the next year. The most regretted are those with the highest percentage sold after just one year. You save 20-30% when you purchase the 1 year left-overs with few miles. We don’t know why but here is the list:
Buick Regal Percent
sold after one year: 10.7 percent
Chevrolet Sonic Percent sold after one
year: 8.9 percent
BMW X1 Percent sold
after one year: 7.8 percent
Dodge Charger Percent sold after one
year: 7.7 percent
Mercedes-Benz
C-Class Percent sold after one
year: 7.4 percent
Chevrolet Cruze Percent sold after one
year: 7.2 percent
Nissan Frontier Percent sold after one
year: 6.9 percent
All that glitters is not gold. See dependability
ratings before you buy.
Save $600 a year—ask for your discounts: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634
GOP plans to win elections by limiting voting by minorities
Georgia
like NC have passed state laws to cut voting by poor, black and other
minorities. A Reuters survey found local governments in nearly a dozen,
mostly Republican-dominated counties in Georgia
have adopted plans to reduce the number of voting stations, citing cost savings
and efficiency. Those voting stations closing ‘just happen’ to be in black
communities. “There is a history in those states of using different strategies
to cut voting in minority communities,” a rights lawyer said. "Hogwash,"
said Robert Haney, Upson County Board of Elections, denying that race
was a factor in his board's decision. Some folks without cars will need to walk
10 miles. Arizona , Georgia ,
Florida and North
Carolina are close voting states and last March in Arizona 's
Maricopa County
Republicans are using God to scared voters. One former Prez
candidate warned this will be the last
election Americans will vote for someone with "Godly principles."
"I believe this is the last election. God 'raised up' Trump to win the election.
Why blame God?
Prepare for medical expenses NOT covered by Medicare with
cash
Alzheimer’s and dementia “represent 50% of all LTC insurance
claims,” one seller says. “It’s now
very, very expensive to get an unlimited policy, [so] many people are
buying smaller policies with only three years of coverage,” says one
seller. “Many people suffering with Alzheimer’s are physically healthy
and may live many years,” she adds. The lower the inflation rider, the cheaper
the premium.” But your policy benefits may be cut in half by the time you need
them in 20 years. Insurers dropped LTC business when people lived longer and
needed services. They have added more restrictions and caps on payouts. It’s
harder than ever to qualify for LTC coverage and premiums have risen despite
salesperson promises. You may pay $3,000 a year for 30 years and never use the
policy. Policies cover only HALF medical needs.
Consider better alternatives: https://www.amazon.com/Long-term-Care-Insurance-Updated-2013/dp/148274001X
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."
Hill’s Apology?: “I
just followed advice of Colin
and other Sec. State before me.”
Don vs Hill 2016 – trigger happy?
Don: ‘Obama was born
in US’—I did birther to get
attention--it worked. The
BIG Con
See, no
downside to lying--re: black Prez. I
could shoot someone on 5th and win!
I never
apologize: I
have lied for so long I don’t really know the difference. *
I don’t
care if Immigrants
are helping Detroit get on its feet, paying taxes too!
"… her
bodyguards should drop all weapons" and "let's
see what happens to her."
Putin won his election by
a lot—he must be doing something right—leadership!
My
kids are already working with politicos and head of Congress Ryan come NY
My
Foundation does not
pay legal bills, avoid U. probe or help political folks.
Don King
speaks for blacks at my event – He
makes us laugh at N____ again.
My Catholic
council head Cella did not mean me when he listed my
unfitness:
Mike: it's
"nonsense" to suggest Donald Trump was inciting
violence against Hillary
“We ought to set
aside this talk about institutional racism and institutional bias.”
Hill: I
didn’t think my cough, now pneumonia was going to be big deal—hiding it is!
Tim: He’s inciting
violence "at a minimum, expression of
indifference to violence would occur."
Don
blames Hill for his Birther con after years of insult. Claims he ‘ended
attack.
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”)
GM delays
recall of 980,000 trucks with bad Takata air bags. GM
killed 124 with delay
Wells Fargo sued by customers for fraud,
fees misleading and misbehavior fake accounts
Trump
uses charity to pay off FL AG on ignoring U.: Con Man gets away with fraud?
Christie
knew Bridgegate was his mess says US--Will
he go to jail if Trump elected?
Wells Fargo chief needs to fall
on his sword for allowing cheating
of customers
1
million complaints against banks etc with new CFPB—we had no place to file
before!
EpiPen gauging life-saving meds proves HEALTH
care must be like gas, water, electric.
Prime Marketing Holdings caught
charging illegal advance fees; misleading
We need regulation—GOP wrong—companies/cities
wouldn’t fix bad products on own
Police want gun control.
When everyone has guns; your
chance of being killed goes up. Police don’t know who to
shoot. They assume everyone has gun hidden. You and real criminals both have
guns.
If you are black in OK, you
get killed even with no gun, hands up, and after stun gunned. They assume
you are a “bad
dude”; don’t wait to find out. Later say “found PcP in car.”
SCAMS
Average
retiree household spends $45,000 and most comes from SS benefits $25,000.
NC
gov plants fake reporters and their questions at QA event to avoid real
questions.
Wells Fargo customers may not get to sue for fraud since banks
require arbitration of all.
Gas
is gas and premium is not necessary—gas
line rupture proves all gas is same
IRS says scammers sending fake
CP2000 notices for tax year 2015 asking for money.
ignoramus Award: US
breaks cease fire: mistaken U.S.
airstrike kills 62 injures 100 Syrian soldiers. Defense official said the
strike “appears to be an intelligence failure.”
How our government wastes our money
Feds
mistakenly granted citizenship to at least 858 immigrants from countries of
concern.
One fighter plane costs $178 million; 3,000
kids could go to college instead.
Where have all the jobs gone?
Robot
sheriff grabs gun from suspect- "The robot
was a game changer here,” said Capt. Jack
Kmart
closes 64 stores: 600 entry-level jobs gone.
Who owns your account now?
Goldfish size
of football are trashing rivers in Australia—flush will cost you in water
bill!
IAN
41 Watchung Plaza, B242
973.746.2014
Alerts
No comments:
Post a Comment