Wealthy use The Don for more tax cuts

Wealthy will likely vote for The Don just for the extra tax cuts

The wealthy would benefit most from his overall tax proposals, with the top 1 percent of income earners receiving, on average, a tax cut of $214,690 in 2017, according to the Tax Policy Center. The top 0.1 percent would get a tax cut of more than $1 million. Trickle-down econ (Chinese investors) will pay for Don’s plan. Clinton would increase taxes on the wealthy in several ways: She is proposing a 4 percent surcharge on incomes above $5 million, effectively creating a new top bracket of 43.6 percent. And those earning more than $1 million a year would be subject to a minimum 30 percent tax rate. She would also cap the value of many tax deductions for wealthier taxpayers. About 92 percent of her tax increases would fall on the top 1 percent. All the changes would increase taxes in 2017 for the richest 1 percent by $117,760, reducing their after-tax income by 7.4 percent, according to the TPC. Taxes for the top 0.1 percent would increase more than $800,000. Some middle- and lower-income households would see tax increases from Trump’s plan to eliminate the personal exemption and the filing status Head of Household. Most middle- and lower-income groups would see no change from Clinton’s plan. The Don used trick to avoid taxes we can’t use. We will never see his returns though. In any case, Do-Nothing Congress will decide to study any changes and just borrow from China.  

Set up your tax shelter now: https://www.amazon.com/Tax-Shelter-Young-Americans/dp/1500426520

Is a retirement plan annuity right for you?

Many teachers and employees of non-profit institutions have no choice about their 403b retirement plan—they are forced to pay the higher fees of an accumulation annuity. For many of these annuities, the sales literature promises heaven—a guaranteed base return plus participation in stock market gains. You never experience a loss unless you take the money out. However, as you make your contributions each year, you realize that the reality is different—you are earning about what you would in a bank account. You earn the minimum, usually 1% but you pay 2.5 to 3 percent annual fees. And the extra you could earn if stocks soar is capped at 4-5%. This product was made FOR INSURERS’ HEAVEN not yours. You will not find your annuity math spelled out like this because no one would buy one. However, this is why accumulation (not immediate income) annuities are NOT recommended by honest advisors. In fact, the SEC has this warning for you:

The agent will also promise certain things (for a price): 1) you will receive a certain fixed amount when you retire or 2) if you die before you use your money, your heirs will receive a guaranteed amount, or 3) if you want all your money in a lump sum, you are guaranteed a certain amount. So if you know nothing about investing, these promises sound like heaven. But the fees for these things that you could have for FREE on your own are more than the cost. Annuities are what keep life insurers in the black. When interest rates fall, your agent will want to move you to an even worse contract. As one economist says: “This switch is really awful. It’s really good for the insurance company. But it’s really bad for the investor.”

There are better alternatives: https://www.amazon.com/Best-Annuity-Strategy-Income-Growth/dp/1497532019

Social Security is getting a raise—the fund will get more from high ‘earners.’

Effective January 1, 2017, the amount of your income that is subject to the 7.65% Social Security and Medicare tax increases from rise from $118,500 to $127,200. This means that for an American worker who was fortunate enough to earn in the higher end of the middle class income range, their taxes could go up by as much as $655 per year. And a married couple could see a tax hike of $1,331. Of the estimated 173 million workers who will pay Social Security taxes in 2017, about 12 million will pay more because of the increase in the taxable maximum. Unfortunately, most wealthy people don’t work for others so they avoid the tax. They pay 17% not 33% total tax.

You can pay less tax in retirement: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977

GOP religion allows 7-year old to be beaten 36 times with hanger

Indiana mother who beat her son dozens of times with a coat hanger — and used the state’s new ‘religious freedom’ law to justify the punishment — has been sentenced to a year of probation after pleading guilty to battery. Kin Park Thaing was sentenced in Indianapolis. Her 7-year-old son caught a teacher’s attention when he showed up to school with 36 deep-purple bruises on his body. Thaing’s Christian beliefs were the “guiding values” that influenced her behavior. She cited verses from Proverbs 23:13-14. The force she used on her son is a “reasonable exercise of her parental right to choose how to rear her children,” her lawyer argued. Gov Pence, now GOP nominee, defended the law. “reasonable”? What about son’s ‘religious freedom’ rights?

Don’t blame God when you beat your child: "Let the little children come to me, and do not hinder them, for the kingdom of heaven belongs to such as these." matthew/19-14.htm

We may receive our W-2 forms on time—Feb 1—employers have computers now

Employers are now required to file their copies of Form W-2 and most 1099-MISC income statements by Jan. 31. In the past, employers typically had until the end of February, if filing on paper, or the end of March, if filing electronically, to submit their copies of these forms. The new law requires the IRS to hold the refund for any tax return claiming either the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) until Feb. 15. By law, the IRS must hold the entire refund, not just the portion related to the EITC or ACTC. IR-2016-143

35,000 teamsters to lose pension benefits

Plan trustees say the plan was undermined by "historic market losses" in 2000 and 2008, a declining active union population and "an exodus of contributing employers." A Teamster contingent is challenging the cutbacks, questioning whether pension trustees were looking out for the best interests of plan participants. Market earnings averaged 5.7% so every down year was matched by up years—even exceeded. Many pensions made bad investment decisions during this period, paying high fees for low returns from hedge funds, private equity, and alternative assets. A simple low-cost index fund would have been better for union members but not management. Pay less; get more.

2015      1.30

2014    13.81

2013    32.43

2012    15.88

2011      2.07

2010    14.87

2009    27.11

2008    -37.22

2007     5.46

2006    15.74

2005      4.79

2004    10.82

2003    28.72

2002    -22.27

2001    -11.98

2000    -9.11

1999    21.11

Build your own tax-FREE pension: https://www.amazon.com/Your-Pension-Box-tax-FREE-employer/dp/1481945157

Is a 12 month CD at 1.25% right for you?

If you are a saver who does not like to take any risks with your money, you may be watching CD rates. Current online bank rates barely cover inflation. You may be better off paying the penalty on a 5-year 2% if you need the money fast. But what if rates don’t go up soon? Maybe it is better to use your emergency money to stave off checking fees. Many smart savers keep $2-3,000 in their checking to avoid the fees. BankAmerica charges $12 a month and $35 for NSF. Advisors who say to keep 6-8 months of expenses in the bank are crazy. Smart savers keep an open home-equity line. Some put theirs in a balanced fund like Wellesley Income at Vanguard. Your money is earning over 9% (since 1970) because 62% of it is invested in safe US Treasury bonds and 37% dividend stocks. Your money can be in your checking account in 2 days. Fee is only 0.23%.

Wellesley is one of Vanguard’s Top Ten: https://www.amazon.com/Vanguards-Top-Ten-mutual-funds/dp/150073909X

Small manufacturing pays $26/hr but has no Congressional tax-credits

Small manufacturing could save this country and its middle class by using computer-controlled technology. Small companies do not have lawyers and offshore subsidiary to hide revenue from taxes like GE, Boeing, Apple, Google, Amazon, and 304 others. This makes it harder to complete. Small firms must find a niche they can serve better than large firms in China and Mexico. Unlike Germany and UK we don’t have apprentice programs to teach non-college adults how to make things using computer assisted machines. Lost black and white teens might earn $26/hour learning vs flipping McNuggets for $9. Machinists can learn to pay their own way while rebuilding the middle class. All we need is a national program to support technical schools and business tax subsidies like those given to big oil, gas, sugar, cotton, drug makers, agribusiness, solar, etc etc.

Shrink the Tax-Credit Class: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

The rich pay less for car insurance than you—Socialism for the Rich

“It is profoundly unfair that a driver with a moderate income and a perfect driving record is often charged more for auto insurance than higher-income drivers with DUIs, accidents and speeding tickets,” said J. Robert Hunter, CFA’s Director of Insurance and former Texas Insurance Commissioner. “As long as state governments require drivers to buy insurance, they should require insurance companies to price their product based on how we drive, not who we are.” GEICO and Progressive were worst. See premium chart.

Shop every two years for these discounts: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

GOP trying every trick to keep Dems from voting

Many GOP states have changed voting requirements, places, times, watchers, etc. Now new law gives voters another obstacle. Not only will GOP not count your vote if it has the wrong ZIP code or wrong BLOCK lettering but now GOP will discard your ballot if you do not use the same exact letters as your registration. So if the GOP registrar has J. P. Morgan and you sign J. Pierpont Morgan, your vote for anyone other than Donald Trump will not count. If you put the date in the wrong date box, no vote. If you list your DOB as 48 instead of 1948, no vote.  More than half of the OH provisional and absentee votes discarded for minor errors in 2014 came from five large, Democratic-dominated urban counties. Tens of thousands of voters who had been illegally purged from the OH voter rolls will be tested on provisional ballots this way. GOP says all this is to avoid cheaters. But there have been only 31 alleged cheaters in the whole United States since 2000. Catholic Church in CA scares Dem voters with eternal hell. Billionaire Koch battle unions in PA with $139 million Toomey McGinty bout. The Don knows the election will be fixed because he knows the GOP changed the rules.

And the FBI has joined the anti-Clinton side: it wants to gain a leg up with GOP House for new funding. “The agency has lagged behind on developing the capacity to analyze and understand intelligence its agents gather, and said that “hiring additional linguists and integrating them into operations should be a high priority.” 

2016 Election is not uplifting; it’s just depressing

Which liar will win American’s vote?

Neither can re-create jobs of the good old days!  We don’t see either one as President.

Do-Nothing Congress will decide US future by doing nothing for more 4 years.

GOP hates women as much as black men.

           

Don:    You know I couldn’t live on the Presidential salary—a “step down” for me.

            “we should just cancel the election and give it to Trump," megalomaniac says.

            Trump Network: Don’s son-in-law, Kushner, to start Trump Network Now on FB

            Worst campaign? Maybe I didn’t really want to be President. I have job already.

            Why is FBI looking at connections of my “advisors and Russian government”?

            KS is my model for economic changes—cut taxes, employment, growth, etc etc

            Seagal joins Don as Putin friend and Russian citizen? Consul of Russia in CA.

            See “Bad hombres” from Mexico taking jobs, voting, causing crime? NO.

           

“I can shoot somebody on 5^th Ave and wouldn’t lose voters.” Well, maybe U.S. women.

Mike:   ObamaCare was right for my state too. The Don is not using it anywhere-no clue.

            Cruz helps me with GOP religionists to support “utterly amoral” Trump.  What?

           

Hill:    I never sent a confidential email to Wiener. FBI looking to score with GOP?

            I voted to stop tax avoidance tactic The Don used—deducting investor’s money

            Trump rally speaker fantasizes about my death—GOP hates women like blacks?!

            Where are all those illegal immigrant Dem voters Don alleges?

Tim:     I want AZ Latinoas to consider what The Don thinks of you on Tuesday.

This election like 1964 LBJ Goldwater: Gen Jack Ripper believes only he can save us too

GOP WI  refused to open polling site believing it would favor Dems.

How the party of Lincoln became the party of Trump—conservative means go backward especially among “Christians” who now accept immoral acts in their public servants.

            Therefore by their fruits you shall know them. Matthew 7:20

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.”

               Supremes stop us from suing—State courts no longer available to sue corporations!

BMW recalling 154,472 vehicles for a fuel pump problem that could cause stalling

VW refitted 1.23 million diesel cars with a software update so they pollute honestly.

ATT sells your cell data to police using searchable database for time, location, friends.

Regulation missing for profit colleges so we taxpayers will end up paying $ billions.

Oregon jury: “having guns is no threat but statement of culture like wearing cowboy hat.”

Student loan servicers caught illegally denying applications for flexible repayment plans.

Auto loan services caught illegally keeping car owner property

Debt collectors caught illegally charging fees, misleading debtors

Christie throws employees under bus on bridge to save his big but

Northern Resolution, Enhanced Acquisitions, and Delray Capital caught at illegal tactics 

Bundy never paid his taxes for cattle eating our lands—terrorist sons free to do revolution

Wells Fargo stockholders pay $50 million to settle allegations it overcharged. No jail.

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 a gun hidden. You and real criminals both have guns.

Oregon jury: “having guns is no threat but statement of culture like wearing cowboy hat.”?

Police organization issued a formal apology for the historic mistreatment of minorities.

SCAMS: Queen Elizabeth offers to take US back to avoid our “mistake” 2016 election.

            Assault rifle for $400 so anyone can kill hundreds at a time Really about 2^nd Am?

            You are victim already: Lawyers remove our negative complaints by “suing” us.

            Chase CEO Jamie Dimon refuses to say anything in an email, text or chat.

            Hulk Hogan gets $31 million for having sex with friend’s wife—Only in U.S.

            Church apologizes for 30 years of “forced” adoptions: stole kids from mothers.

            Non political ‘church’ San Diego tells worshipers they will go to hell if vote Dem.

            Catholic Church is no longer tax exempt if engage in ‘political campaign activity.’

Ignoramus Award: Hackers stole Clinton emails using simplest trick: Fake change pass

"google.com-securitysettingpage" — was crafted to appear genuine. They struck Podesta on a weekend morning and his IT guy said authentic. OH

How our government wastes our money

$3 billion in road projects in Afghanistan but 95% are destroyed beyond repair. My road?

$360 million USS Fort Worth (LCS 3) broke down in war maneuvers.

Where have all the jobs gone?

Smaller manufacturer’s special products computerized-machines $26-hour operators

Dog walker, pet sitter $20 hour in some cities

Who owns your account now?

Calvert Investment to Eaton Vance

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

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