Refunds are smaller:
We’re paying for Jared’s refund!
Trump’s gift to his
wealthy friends and companies will cost each working person more. Tax refunds
are running 8% less this year
because Trump cut deductions for working people as well as property and state
taxes. He
added 6 more Schedules to file taxes so he could claim you can use ‘postcard’ 1040. It’s NO
postcard and preparers charge by the page. Twitter
is filling up with complaints from people whose situation has changed
radically. A nurse got $1,000 less and nothing changed in the filing.
Another person owes $2400 instead of ‘good refund.’ Others made less last year
but owe $5,000. We were promised a ‘middle class tax break’ in October. “We
are giving a middle-income tax reduction of about 10 percent,” Trump told
reporters. "We're doing it now for middle-income people. This is not for
businesses. It's for middle." Trump
lied again. Compared to 2017 rates, some taxpayers would pay more tax in
2018, even more in 2025, and HALF will pay more in 2027 according to Tax
Policy Center. We are paying more because Trump,
Jared and friends are paying less or $0 taxes. Instead of creating jobs,
the corporations are buying
back their stock for larger dividends.
Stop paying rich
people’s taxes: https://www.amazon.com/Your-Hidden-Wealth-Reserve-Reduce-Taxes/dp/1540435148
Why do we taxpayers
give welfare to profitable companies?
U.S.
Steel's 2018 profits shot up to $1.12 billion. Gary IN put US Steel on
welfare of $ 47 millions (city and state offered the firm a $47 million tax
break package.). IN gave US Steel $10 million in tax credits, along with $2
million in worker training grants. There is no guarantee how many jobs are
saved. Gary Gary Granite
City Gary Indiana New York
Trump extends
American Socialism: https://www.amazon.com/Americas-Socialism-Rich-only-little-people-pay/dp/1535218584
Maybe you don’t need
a will
Less than 20%
of us have the 3 essentials. The folks who have assets usually have them. If
you don’t have one maybe you don’t need one. Most financial accounts already
specify who gets what. Usually an IRA, pension and brokerage accounts have beneficiary
designations. The institution responds to the ‘bene’ on the account agreement
not the will. If a home is held jointly it is owned by the survivor. A will is
useful to the executor so that you can make sure your wishes are done, like the
spouse without a license does NOT get the car. Many children fight over assets
but having a will probably ends the discussion. Your possessions may not be
needed by the kids and need to be given or carted away. Think about church or
charities you want to support. Depending on how long you live a will usually
has to be updated periodically. Perhaps that is another reason most us don’t
have one. Some people won’t make one because they believe it brings on death.
Some others don’t prepare for final expenses for the same reason. Some don’t
want to leave a thing to certain family members.
Our work-place
benefits are changing—new choices
Some employers are
discovering that the old formula for worker satisfaction has changed. Since the
age
of the workforce may now span 50 years, everyone wants something different.
Younger workers may want flex hours. Older workers may want great health care
and more retirement fund matching. One size does NOT fit all. Listening to
worker needs can lead to packages designed for each group. Some employers help
with the student loans. Others fund disaster relief or paid parental leave.
Everyone likes choice and employers must pay attention to keeping the workers
they have since the market is tight. Chose a tax-FREE or tax-Deferred future.
Choose best savings
plan: https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938
What Trump
destroyed, each state is reinstating to protect us
MD
is the latest state to adopt the Fiduciary
Rule to protect us from unscrupulous money grubbers. Under the
legislation, fiduciaries are required to act
in the best interest of their clients, without regard to financial or
other interests of the person or firm providing the advice. Seems like common
sense but Trump killed the Obama law in his first year. The financial industry
wants no limits on its ability to sell products that are NOT the best for us.
Recently the Consumer
Financial Protection Bureau appointee wanted to scrap a lending rule meant to
guard the most vulnerable Americans. Payday lenders could go back to
charging 400% interest on temporary loans that end up nagging borrowers for
many years. State legislators now realize we need protection from the ‘money
changers.’
Did you tell your
child how to retire early?
Tax-FREE wealth! We
did not have this option when I started working. Today, if you show your young
adult that they can accumulate enough tax-FREE money, they could work and then
enjoy life without the grind. The hard part is explaining that it takes time.
The tax-FREE account has been
around since 1997 and I was lucky my boss told me about it in the 2000s.
This account can be set up at any financial firm and in many it costs nothing: No
lawyer or broker is required. Using the low
cost mutual funds recommended by Warren Buffett, it takes just 25 years to
accumulate $3/4 million using $500
a month. It takes 30 years to hit $1.4 million—TAX-FREE. Your kin does
nothing else—no trading, no broker fees, no market-timing. Automatic investing
means they can’t fail. Teach on. Tax-FREE means they will have 25% MORE to live
on. $0 Fed/state taxes.
Are no commission
ETF index funds right for you?
In the race to
recapture revenue from going to Vanguard, the for-profit firms Schwab
and Fidelity are try to win us back by removing the commission. ETFs are
index funds chosen by management to keep us invested in securities. You can
trade 503 ETFs in 79 Morningstar categories (for example, large value stocks).
Fidelity matched this explosion at the same time. But do we need 500 choices?
The assumption is that we know what
will happen in the future and will buy the right ETF. Like everyone who
gambles, we are encouraged to place our bets on the favorite of the day. This
delusion has caused many ‘investors’ to earn
less than the buy and hold strategy. DALBAR, the firm that keeps track
of returns, shows us that most of us earn only 3.79%
when a simple 500 index fund earns over 11% a year over
time. If that sounds like old fashion news, a recent study shows index
funds hold more money than the funds run by ‘wise men.’ More investors are
learning why Warren
Buffett recently won his bet on the 500 Index over 5 hedge fund strategies.
Trading and fees rob us of the Miracle
of Compounding. John Bogle founder of Vanguard told us that trading
and fees can take up to 63% of our possible accumulations over time.
Use the Miracle of
Compounding not ETFs: https://www.amazon.com/You-Beat-Wall-Street-professionals/dp/1986031373
**************
Truth isn’t truth, his
lawyer says
Two Americas
***********************
How Govt wastes our money: Congress spends $1.3 Trillion we don’t have!
CA National
Guard goes home: NO crisis on border—must be in Washington
50,000
refugees in camps guarded by soldiers: separated children—Is this America
Hydro power plant told to use
coal instead of renewable so Trump funder gets profit.
Veterans
who fought for our country were deported: Dems bring them back as heros!
SCAMS/SPINS:
2
Supremes lied about upholding previously decided law: how Supremes kill our
laws.
Senate passes bill
declaring lynching as hate crime—it took 200 years: Will Trump sign?
5
for-profit firms control health for over 125 million Americans: Cost going
up or down?
Drug firms claim
their high costs are needed for new drugs: actually
we pay for them.
ObamaCare
still provides health care to silent poor despite Trump’s evil intent.
Trump
tariff sending more farmers into bankruptcy: Trump helping corporate farms
grow
IRS pursues fewer
cases of tax
evasion than it did less than 10 years ago. Rich get richer.
Clive
Bundy still owes US $1 million for fees and penalties: No jail so guns beat
Feds.
Ford 150 recalled: downshift
to 1st automatically at high speed—1.5 million 2011-13.
BEWARE: Dyson
vacs called unreliable by Consumer Reports. Half are pricy ‘garbage.’
Kestra Investment,
TX, caught overcharging
3,205 clients $1.6 million: Fine, no jail
BEWARE: Advisors
claim signs
of recession but no proof—balanced funds for long haul
Brent Borland NY
caught fraud
in Belize airport investment scam—jail time.
William Husel Mt
Carmel OH caught giving
excessive fentanyl doses: 16 deaths’ suits!
We
have a history of separating kids from parents? Fear of the next group wins
elections.
“Individual 1” could be a Russian “asset”: Why FBI
opened a file on The Mob Boss.
Trump
has done what Putin wants: EXIT NATO,
IRAN,
SYRIA,
INF
Treaty, AFGAN.
The Mob Boss can never go to jail: Trump
has Kava as Supreme so no indictment.
‘No man is above the
law’ … well up till now. Dictators
nullify courts first, then votes.
Supremes
protect Don’s ‘Orders’? – GOP: ‘Sure, pres
can change
Constitution anytime.’
----------------------------------
Jobs:
Retail jobs require us
to learn a new language in order to sell to
young customers.
Rep Jones, NC, regrets
he did not do his job and tell Cheney
NO to Iraq war BS.
Who owns your account now?
Future of long-term
care policies is uncertain as prices goes up. Alternatives
Check with the
mechanic of your plane BEFORE you get aboard. Any skipped steps?
Medicare for All 1st
step—50
year olds can buy Medicare in advance.
Car insurers discount
for drivers who drive less than 250 mi a day: tracking device.
Michael
Avenatti has trouble: The Don must have a new Cohen. One less challenger.
Miracle:
The Beautiful Poetry
of Donald Trump?
Brain
cancer killed by our own immune system using new
trigger drugs—trials positive.
IAN
41 Watchung Plaza,
B242
973.746.2014
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