Your Wealth Reserve: loopholes

Showing posts with label loopholes. Show all posts

Friday, November 17, 2017

Just one way to avoid paying the corporate and wealthy tax cuts

There is just one way left for us to avoid paying for corporate and wealthy tax breaks

The GOP has just one ‘corporate subsidy’ repeal in the ‘reform’ bill—“marginal oil and gas wells.” All significant corporate and tax shelters were left in tact. Trump’s mob, Commerce Sec Ross, State Dept. Tillerson, advisor Cohn, Treasury Mnuchin, Fed v-chair Quarles, and Ambassador Jon Huntsman hide their money in various shelters under fake firms/names. The new report says they hide their money in the Cayman Islands. Apple hides its money in the tiny island of Jersey. What can we do to avoid paying for these subsidies and business tax credits? You and I do NOT have to hide our money in a foreign country. We do NOT have to hire a lawyer to create fake firms and names. You and I have a legal tax shelter here with an IRS Sec. 408 Trust.

Avoid paying for their tax breaks with your legal tax shelter: https://www.amazon.com/Create-Your-Tax-FREE-Financial-System/dp/1466367466

“Do I still need my life insurance”?

Recently, a 50 year old friend asked if he needed to continue his and his wife coverage. Right now there is a sale on term life insurance for any age—at age 50, you can buy $½ million for about $1 a day. Term life is for set period for set amount with no savings portion. It is pure death insurance for those you want to protect. My friend was given term insurance as part of his work benefits but his wife was doing free lance. At this stage of their retirement accounts, they were more than covered by their savings/investments so that if something happened tomorrow each would NOT NEED life insurance. Pure life insurance is to protect your loved ones BEFORE you have the assets to live on. If you need coverage because you don’t have $½ million to live one for the rest of your life, avoid any policy with savings portion. There are less expensive alternatives for a ‘cash value’ account. He decided to drop the policies. Term gets expensive after age 50 so if you need it, buy a 10-year term by age 50 from a discount carrier.

Get discount term: https://www.amazon.com/Life-Insurance-Need-It-Save-right-one/dp/1480002178

Why does Trump’s wealthy class want to get rid of the estate tax?

You and I are not going to pay this tax since it starts at about $11 million. Most wealthy farmers have figured out how to pay the tax if they are soil rich and cash poor. The reason we have this tax is so America doesn’t end up like the aristocrats in medieval Europe. Can you see Ivanka, Jr and Eric with even more wealth? Why is the GOP giving 5,500 wealthy people’s heirs a huge tax break? Are these 5,500 the big GOP donors? Yes, like Trump’s kids, they are already wealthy and don’t need the money. Trump saves his own estate $564 million in tax—enough to cover his FL and NJ golf trips for 4 years if he had to pay for them instead of us. We need the money worse than they do.

Avoid taxes like the Trump mob: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Is your advisor’s ‘model portfolio’ right for you?

With the proliferation of ‘model portfolio’ platforms, investment management is increasingly automated, ubiquitous, and not at all your financial advisor’s job. At least 74 percent of advisors use models: either models created in-house by the advisor themselves or by an in-house investment team, or outsourced to asset managers and strategists, according to Cerulli Associates. So your ‘personal’ specially-designed ‘choice’ of securities could be a robo-advisor churned out by a third party you don’t even know about. And for this, you are paying an extra fee. Over time, very few advisors, human or electronic can outperform the index simply because of costs. But you pay the fees for quick answers, timely contacts, and good advice. You understand that no portfolio can beat the index most of the time. But wait, most investors don’t need a full-service broker or advisor. They need someone to affirm their decisions or answer questions quickly. For instance, Vanguard Personal Advisor Services costs only 0.30% of your assets—about a third of the industry's cost of 0.99%--you keep more and get only what you need.

Now there is a better way: https://www.amazon.com/Best-Robo-Advisor-Ultimate-Automatic-Management/dp/1537111957

GOP repealed NONE of the 1,833 business subsidies but 32 of our deductions

Subsidies and loopholes and foreign cash reserves we still pay for in the new tax code were NOT repealed. 1,833 large companies have received federal grants and/or tax credits worth $17.8 Trillion. Are these the same firms that pay for our 534 Congress’s elections and kids’ college educations? 268 are already millionaires. Why is the GOP giving 5,500 wealthy people’s heirs a huge tax break? Are these 5,500 the big GOP donors? Yes, like Trump’s kids, they are already wealthy and don’t need the money. Trump saves his own estate $564 million in tax—enough to cover his FL and NJ golf trips for 4 years we now pay for. We need the money worse than they do. Each missile Trump fired on Syria’s airport to scare them costs us $1 million. The extra cost of just 3 new destroyers is $450 million. Total is $12 Billion and counting since they are still trying to make them work. Instead of giving our money to firms and people that are already making money, we could pay down the debt, which used to worry GOP.

Use your legal tax shelter: https://www.amazon.com/Your-Tax-FREE-Account-IRS-approved-shelter/dp/153735292X

ONE THIRD of us will have higher taxes in 10 years to cover this ‘tax cut’

The Tax Policy Center ran the numbers. By 2027, 31% of middle-class filers would see tax hikes. Repealing the Alt. Minimum Tax created by GOP so the rich pay something means the burden will shift to those making between $48,600 and $86,100. GOP has rigged the tax ‘reform’ to trick us into giving them HUGE extra money for their tax shelters. GOP budget has big cuts in funding for Medicare and Medicaid in our future. Hidden in the budget they just passed are cuts of $4 Trillion in spending including nearly $500 billion in cuts to Medicare and $1 trillion to Medicaid. This means that in a few years, you and I will need to pay more for a relatives’ nursing home and our own health care. Plus our taxes go back up. You and I need a tax shelter like the Trump class.

Avoid Trump tax: https://www.amazon.com/Only-little-people-pay-taxes/dp/1478222441

Best first car for reliable transport

When your teen needs a car to get around, what are the best choices? Where do they look? How much should they spend? $5000 can put them in a safe Honda Civic or Toyota Celica. $6000 can buy a truck like the Toyota Tacoma. Quality and later models cost a little more but may be worth it. We can still find a baby Lexus IS300. Chevy Equinox leads the list of SUV capacity carriers. Teens pay less using your insurance. Shop to avoid high premiums: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Wealthy have already got a way to beat the new tax law

Changes in the tax code will RAISE taxes for some middle-income families. Property tax and mortgage interest are no longer deductible, thus increasing their taxable income. However, as always the wealthy remain wealthy by avoiding taxes. They have found a “workaround for a tax-plan provision under consideration in Congress that would take away the mortgage-interest deduction.” They will turn their extra property into an investment property so that the expenses are deductible. The high property tax and interest will offset any income so they will pay no more in income taxes.

Socialism for the Rich: https://www.amazon.com/Americas-Socialism-Rich-little-people/dp/1535218584

Where is the best place for your retirement money now?

If the tax cut bill does not pass this year, the market may drop. Where should your money be now so that you weather the fall and bounce back—gold, cash? Based on the experience of the decline in 2007-8, withdrawing retirement money from the market gave you a permanent loss. If you went to gold, you were up 47% but if you had left money in the market from 2007 to 2016 your money has doubled, earning 8.76% per annum. If you were out, you missed 27% and 32% jumps. That is the trouble with taking advice from ‘professionals’, they don’t know. Let it ride.

Let your money do the work: https://www.amazon.com/Go-Tax-FREE-Investing-Income-Forever/dp/1482633280

GOP favor insurers going back to “junk” insurance for us. Congress could negotiate lower drug and hospital costs but lobbyists won’t let them. Instead they fear losing their donors. Funny, they get to keep their full quality coverage. It’s ObamaCare.

Avoid junk using a better plan: https://www.healthcare.gov/

Self-dealing is OK with GOP

Trump's repeal of the Alternative Minimum Tax is the best part of his ‘reform’ because it once cost the president $31 million. It accounted for most of the $38.5 million in taxes Trump paid that year. With the estate tax repealed, Trump's estate saves $564 million based on an estimated net worth of $3 billion. No wonder Ivanka is stumping for it. Billionaires don’t pay the top bracket of 39.6%. Billionaires like Trump who DO NOT live on their dividends and capital gains taxed @15% (avoiding Income tax) can use the new Trump business ‘pass-thru’ tax of 25%. Since Nixon’s Alternative Minimum Tax is to be repealed, this will be the tax of choice for many high income executives. Nixon, an old republican, thought that the rich should NOT avoid all taxes with deductions and tax credits. Wall-Street class’s will get a WindFall and NOT pay the 39.6% rate. Most of Trump’s class used to have to pay something because of the alt minimum tax. The AMT was one of few ways Trump had to pay $31 million in taxes one year. Many corporations don’t pay tax at all but they will continue to pay for our ‘reps’ to hide subsidies and loopholes that were NOT eliminated. Only 1 subsidy was repealed—small oil and gas wells. All the rest of the thousands of corporate ‘welfare’ payments or tax credits will be paid as usual. A Spanish firm got $2 billion of the $17.8 Trillion total. And guess who has money in the 1,833 ‘welfare’ recipients? Right, Congress’s donors.

Get additional tax credits: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Trump and GOP are promising higher wages from corporate tax cut

“The hourly wages of high-wage workers rose 41 percent in the 34-year period between 1979 and 2013; the hourly wages of middle-wage workers grew 6 percent in that time frame, and the wages of low-wage workers fell 5 percent” according to the Economic Policy Institute. We did NOT see a bump in wages when Bush II cut taxes. Why would a company use its added cash to pay us more when we have been taking less since the 70s? They don’t use their subsidies to pay more wages, why would they use cash? Wouldn’t you keep it in a shelter or pay your own executives and investors more if you were in charge? Since the firms have money why would they invest the cuts in new operations? They haven’t and won’t. Fed revenue from corporate taxes has fallen while our taxes for Social Security and Medicare have ballooned. Our taxes are low compared to the world.

NO Don, this is NOT a middle class tax cut: https://www.amazon.com/Only-little-people-pay-taxes/dp/1478222441

What made Fidelity investment accounts successful?

Fidelity found that account holders that did NOT 'manage' their accounts or died were the most successful. Think about that! You can earn more in your investment account by NOT touching your money. When you let someone 'manage' your money they tend to waste it and then charge you a fee to boot. It Just Takes Time shows us why ‘buy and hold’ stock funds win. Warren Buffett's teacher, Benjamin Graham, once said: “Buy stocks like you buy groceries not perfume.” Don't buy the stocks that the Wall Street media or your advisor tells you to buy. Buy those that are the most profitable firms worldwide. Just buy low-cost stock market index funds and keep buying. You don’t have to pick the right stock. And you don’t have to do a thing to get rich: It Just Takes Time.

Try Buffett’s strategy: https://www.amazon.com/Just-Takes-Time-money-old-fashioned-ebook/dp/B07751F8N2

Ebook or paperback: https://www.amazon.com/Just-Takes-Time-money-old-fashioned/dp/1979380945

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TrumpWorld

Trump’s money launderer manager indicted on 12 counts: conspiracy against US.

Trump’s RNC is paying for the legal costs—why? Manafort has $18 mil from USSR

Trump Jr, Jared and Flynn next for indictments?: 'If We Come to Power' deal

The Don is now blaming Jared, real estate agent, for bad advice about FBI. Under bus?

Trump campaign aide pleads guilty to lying to the FBI about Russia contacts

Trump campaign execs met with Russians 30 times and denied any contact.

I could shoot someone on 5^th avenue and not lose voters’

Trump to Fox News' Laura Ingraham: 'I'm the only one that matters'

Trump is still just a mafia contractor from Queens—Dad taught him to be The Don.

Trump cancelled health policy for addicted brother’s family after they fought dad’s will

Smoking gun: “Our boy can become president of the USA and we can engineer it,” Sater wrote in an email to lawyer Cohen. “I will get all of Putins team to buy in on this.” Manafort tells Russian mob he will keep them informed about “our boy.”

Ross, Commerce, direct link to Putin energy consortium and Russia-Cyprus bank

Jared deal with Evraz’s owner links to Russia steel pipe in KeystoneXL/Cheniere

Jared’s real estate investor Milner: front man for Putin bank funded Facebook Twitter

Putin sent 60 money wires to US marked “to finance election campaign of 2016.”

Undisclosed $26 million loan from Russian to Trump campaign manager Paul Manafort.

Mob doesn’t call the FBI when Jr doing an illegal deal with fellow mobsters. Receiving stuff from ‘foreign power’ during campaign is illegal—even for idiots and morons.

Trump campaign asked Wiki to get Hillary emails from Putin hackers: smoking gun?

Putin has full access to our 2018 elections since Trump doesn’t help states upgrade now.

Putin using Twitter now with fake followers for Trump mob—how great impact?

Trumpers colluded with Russia by pushing their propaganda as if it was own tweet.

Putin hired activists to stage demonstrations and promote divisive content.

‘Ministry of Truth’ 1984 novel: Government propaganda is ‘truth’ when they say it!

Trump Calls on the FBI to ‘Go After’ His Enemies (for Things That Aren’t Crimes)

“No Russia connection” but Jared and Ross in with Russian mob laundering biz

Jared uses Russian money for projects and Russian cutout buys Facebook Twitter stock

ObamaCare ‘collapsing’ but 600,000 more signed up in four days 2017: Mandate works!

Russia agent met with so many Trumpers the list is so long to name them all.

Trump on tax: “The deal is so bad for rich people, I had to throw in the estate tax just to give them something.” But 80% of cuts go 1% and estate tax repeal only helps 5,500.

Wealthy do not create growth or wage hikes; money is sent to tax shelters/foreign corps.

Trump mob are all connected to Russia with money using different links.

Despite Trump and Gov Scott denials, Miami is building against global warming.

My Theory on Trump/Putin ‘love’:

Trump got Russian help/funding for business from business/mob ties to Putin. US banks not interested in more bankruptcies. No one expected him to win so no harm getting Putin help. Don owes Vlad’s mob money so they sent mob gofer Manafort to run the campaign. ‘Colluding’ Putin style. Trump always has a fall guy to blame when caught in lie. Sessions claims campaign execs all too inept and overwhelmed to collude on purpose.

TrumpWorld – using presidency to make money the old fashioned way: theft

Trump uses taxpayer lawyers to protect his personal profits from foreign countries

Tax reform saves the president $31 million. It accounted for most of the $38.5 million in taxes Trump paid that year. With the estate tax repealed, Trump's estate saves $564 million based on an estimated net worth of $3 billion, as Bloomberg reported last year.

Trump hires only foreign workers to save expenses despite “hire American” lecture

GOP gives Trump’s golf business special loophole for $600 million over a decade.

Dictator talk time:

“When the president does it, that means it is not illegal,” Richard Nixon

Trump ‘believes’ Putin re: manipulation of election; not believe our CIA, FBI, NSA

Trump wants the FBI Justice Dept to be his personal police and prosecutor for enemies

Trump to Fox News' Laura Ingraham: 'I'm the only one that matters'

GOP lost moral way: 50 religionists say Moore is “defender of the sanctity of marriage.”

“The reason our stock market is so successful is because of me,” Trump claims.

The Don is moving us to a dictatorship where the only people who go to jail are his enemies and non whites he does not like. Racists and nationalists get pardons. If Flynn Page and Manafort get indicted by Mueller, The Don will just give them a “get out of jail free” card so they don’t rat him out. He is also paying their lawyers to keep quiet.

Energized voices demand leader who can make America applaud white men like 1950s

Avoid the Russian/Trump propaganda—quit Fox, Facebook and Twitter now

Trump has transformed opinion into fact and fact into enemy propaganda. Scam War

“The president can’t have a conflict of interest.” The Don is above the law?

Fires FBI head because he was investigating The Don’s Russia mob ties.

1998 the House of Representatives approves two articles of impeachment against President Bill Clinton, charging him with lying under oath to a federal grand jury and obstructing justice.

2017 Nov. House of Representatives introduced articles of impeachment against President Don Trump, charging him with firing FBI Comey, violations of the Emoluments Clause, actions "undermining" the judiciary and freedom of the press.

2018 the House of Representatives approves two articles of impeachment against President Don Trump, charging him with lying under oath and obstructing justice.

Quid pro quo: "something for something."

GOP accepts child molester “not generally” into senate to pass something; anything now

50 religionists claim Moore is “defender of the sanctity of marriage” and religious liberty.

Sex with teen girls is accepted practice in AL: Moore known as Mall predator in county.

Trump puts tax-dodging attorney at IRS to give election donors a break on audits.

First job: build a safe in vault to hold Trump’s tax returns; cost $15,000

2017: Thousands died so a few wealthy rich can kill defenseless animals. Insanity?

Why should a 14 year old be shooting defenseless animals? Useful in her life? Fun?

“NO reason for civilians to own AR” automatic rifle to kill 26 people in seconds.

Lincoln solution to TrumpWorld: http://www.latimes.com/opinion/op-ed/la-oe-blumenthal-lincoln-trump-20170713-story.html

Most Americans want Obama back now. He did things we needed done.

We have given The Don time to act like president: Time to Impeach for obstructing FBI investigation of our enemy disrupting our election process.

https://action.needtoimpeach.com/act-og3-t2?sc=ad_gg_lba_us_impeach-.-.-.-60s-20171020

Even the Bush presidents do NOT vote Trump’s GOP. TX angry about Trump.

Regulation is necessary: We need protection. Saves $12 billion of our money!

(No one person can afford to sue a bank: class actions banned by GOP now.)

Trump OKd Keystone pipeline and it already leaked into the water supply.

Trump gets to turn our Top consumer protection into scam enablers.

Navnoor Kang caught taking bribes to steer NY pension money to gifting brokers.

Christie did the same but never got caught since he was just ‘paying back’ his donors.

Tax dodgers need never worry: Trump gives IRS to Tax-Dodging Expert

Importing trophies from elephant hunts in Africa are now OK; killings continue.

AL won’t investigate pedophile Moore since he is their Senator of choice

Hank Mark Werner, NY caught plundering elderly and blind with annuity and trading.

Your air bag recalled: another round of bad bags from TaKata

Jay Costa Kelter, GA, caught stealing from clients by misrepresenting investments

Trump has suspended our right to bring class action lawsuits against our advisors/banks.

Tillerson Exxon calls Trump a ‘f__king moron” ‘MORON’ and LIAR:

Trump says he believes Putin did NOT help him win 2016: Proving ‘moron’ again!

Fox Smith gives facts on Clinton Uranium and gets hate mail: Trump repeats lies.

How Govt wastes our money:

Trump puts tax-dodging attorney at IRS to let friends and family avoid taxes

GOP gives rich tax break but ends subsidy so we can’t get health care: HealthCare.gov

We paid $15 million to settle 260 cases of sexual harassment by Congress in 20 years.

SCAMS:

“God only knows what it's doing to our children's brains,” Sean Parker, Facebook prez.

PYRAMID SCHEME LAWSUIT AGAINST JEUNESSE SEEKS $1 BILLION

Jobs:

$20 hr call center agent: answer calls to AAA, Home Depot from home

Who owns your account now?

No penalty CD paying 1.55% at online only bank https://bankoncit.com/no-penalty-cd-17

Miracle:

Women intimidated years ago have courage to come out now and take abuse all over again from their community, state.

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Friday, October 6, 2017

What about cutting the 956 corp subsidies we pay?

What about cutting the 956 corp subsidies?

What about the subsidies to 956 profitable corporations?

Tax bill is not an ‘overhaul’ but a gift to rich. The 10% rate goes UP. The 39% rate goes down. More of us will end up in the next higher tax bracket because the bill shifts the income range of each rate. Old rate made taxes for incomes $$9,326 to $37,950 at 15% but new rate 12%, 25%, 35% makes income $9,326 to $37,950 pay 25%. If your income is over $418,000, you will pay less than 20%. Buffett, Romney, Kerry pay under 17%.

The average rate of the richest 400 Americans is just 20%. Taxing investment income at lower rate loses $1.3 trillion over 10 years. This is why you and I must pay more!

‘Overhaul’ means changing sources of revenue and tax “expenditures” known as subsidies and loopholes. We let hedge fund profits be taxed at lower rates because of special interest groups’ FREE gifts to Washington. We give money to agribusiness to turn corn into gas. We give oil companies our money to produce gas too. We give our tax money to plane makers to sell overseas. Many corporations hide their money overseas so they avoid paying tax. We have been paying for the subsidies since 1980s. Trump says he has been waiting to give tax cuts for a long time. He paid ZERO taxes from 1995 on. Wealthy stand to collect windfall from Trump tax cuts like nothing in history. Tax cuts to corps like Koch Ind. used to buy elections and change policy issues.

Pay your fair share: https://www.amazon.com/Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Wealthy pay only 17% or less now—few pay 39% or even 35%

Wealthy don’t need the government’s taxes. Wealthy people usually take their income as stock dividends and capital gains from assets they own. Like Warren Buffett with $78 billion net worth, they give themselves $100,000 or so in wages. They pay themselves in other ways. They receive stocks and the right to buy stock at a lower price with no current income tax. For cash, they borrow from their assets or a company they own. Loans are not income plus the interest is deductible to the business. They receive benefits from their assets like Trump, who does not pay for his room and meals at his golf clubs, hotels, office or restaurants. They fly on their own planes and rides. When their lawyers do their taxes, they hide their incomes inside special legal entities. Their staffs are deductible. As Buffett admitted, “I pay 17.7%. The average for the office staff including receptionist was 33%. Romney and Kerry pay even less.

Build assets not income: https://www.amazon.com/Your-Hidden-Wealth-Reserve-Reduce/dp/1540435148

Canceling estate tax for millionaires raises debt for us

You and I will never pay the estate tax which starts at $11 million per couple. Trump wants his friends to avoid tax so their families can create a dynasty. Actually, with tax and estate planning they would never have to pay it. Only 1 of 700 families pays this tax and we could use the $ Billions collected to pay debt. We will have to make up the $ billions treasury will miss if his bill passes. No reason that family farms had to be sold for taxes. Don’t you wish you had to sell your $100 million assets to pay the estate tax?

Avoid paying the extra debt: https://www.amazon.com/Tax-FREE-Retirement-code-lifetime-income/dp/1475206976

Use Fact-based Investing not fantasy investing

You now have a choice: buy profitable company stocks at cost using the largest fund firm with licensed reps and FREE planning tools OR trust your salesman to give you hot tips.

Fact-based investing not fake facts from Wall Street marketing!

You pay no commissions or fees so you keep more of your money. If you are a long-term investor, you avoid giving up 63% of your potential accumulations because of charges.

First fact: John Bogle, founder of Vanguard Group, the largest mutual fund firm, found that over 50 years of the normal 2% fees on your portfolio, you can actually end up with 63% less than you could have earned. It is simple math: your money earns 7% but the advisor, firm and trading/timing take 2%. Instead of $1.4 million at $250 a month you end up with only $670,000. The average managed-account equity investor earned just 3.79% a year over 30 years ended 2014. Inflation was 2.7%. The market benchmark returned 11.06%. We can invest in a fund that tracks the benchmark at the low cost of 0.04% and so earn 11% over time. We can eliminate any current or future taxes on the growth of our money as it compounds in a tax-advantaged retirement account. No advisor or computer system has proven to beat the market returns over time. Use facts to grow your account: https://www.amazon.com/Fact-based-Investing-first-million-hardest/dp/1977574270

Cut taxes? Most large corporations pay no taxes already—No firm pays 35%

Trump and GOP want to cut taxes for corporations but most don’t pay taxes now. Many store their cash overseas so they can’t be taxed. We can’t do that legally! We must pay tax on all worldwide income and most of us don’t have a legal team (deductible) to avoid taxes with legal gimmicks. For instance, some like Google use the Dutch Sandwich to save $3.6 Billion in taxes. Others use the Double Irish to use foreign tax laws we can’t.

Some receive our tax money as subsidies even though they are profitable: Nike, Royal Dutch Shell, Fiat Chrysler, Ford, GM, Intel, Alcoa, Boeing. 75% of disclosed subsidy dollars have gone to 965 big companies. We don’t know the total value of subsidies to all business but it is in the $ billions. Corporations have the money to make jobs ALREADY we make jobs by consumers having money. GOP targets our deductions: we end up paying more taxes (10% rate raised to 12%) instead of corporations paying their fair share. GOP says they are NOT increasing our tax rates even though they are by changing the income brackets. The net effect is we will pay more. Business keeps its subsidies and loopholes and keeps 2.5 Trillion overseas. They send jobs overseas not make jobs here! GOP just pushed the deficit to 20 Trillion and tax cut for rich will cost 1.5 Trillion more!

And GOP wants to give them more: https://www.amazon.com/Most-U-S-Corporations-Pay-Taxes/dp/1514274116

Building assets not income

Trump’s tax overhaul is about shifting more of the tax burden to us. Big corporate subsidies will not be cut. Special interest will keep their loopholes. The wealthy are never going to cut their benefits from the IRS code. After all, their Congressmen put the code there for a reason: cut their own taxes. Duh. Are they really going to cut off their noses to help us? Their basic rule: Avoid taxes on taxable INCOME. They build ASSETS not income. Assets are not taxable until sold. Individual income is taxed. Usually we have no choice from W-2. We are not able to hide it overseas like Google, Apple and Facebook. Most large corps have $ Trillions sitting in offshore accounts so their revenue can’t be taxed. What can we do? To beat Wall Street, we must avoid the middle people.

Win in an unfair market: https://www.amazon.com/Money-Ball-Investing-Winning-unfair/dp/1548831409

VA chief not helping Vets with 10 day vacation paid by US

How would you like taxpayers to pay for your vacation to Europe? Vets still have to wait to get appointments for service but not the VA head. Shulkin got his vacation date as requested. We paid for the flights for Shulkin and his wife, Merle Bari, and provided a per-diem reimbursement for their meals and other expenses, VA said Friday. They wouldn’t say why Bari qualified for the reimbursements and taxpayer-funded airfare, other than to say she was traveling on “approved invitational orders” and had “temporary duty” travel expenses. We have to wait a year to get ONE vacation day.

Avoid paying for their FREE vacation: https://www.amazon.com/Tax-Shelter-Americans/dp/1500426520

What is your strategy for retirement withdrawals?

Your situation is unique so there are no rules about when and how much to withdrawal from your retirement accounts. First, determine where all the income may be coming from—old pensions, rollover IRAs, regular IRAs, Roth IRAs, savings, work, brokerage accounts. Second, get your SS benefit estimate at https://www.ssa.gov/retire/estimator.html. You need to plan whether taking your benefits at age 62 or 66 or 70 makes sense for you and your spouse. Visit your local office to decide the complexity. Third, plan for the IRS requirement to take your RMD at age 70.5. Use IRS worksheet to figure your ‘required’ amount: https://www.irs.gov/pub/irs-tege/uniform_rmd_wksht.pdf. Basically, all your ‘deferred’ tax accounts are totaled and divided by your life expectancy. Each year, your trustee will calculate this amount. You must withdraw the RMD of all accounts or move all your money to one trustee so you have one number. Your plan can tell you how much to take each year to avoid IRS penalties. Consider taxes too. Where will you invest?

Will you have enough? https://www.amazon.com/Your-Retirement-Spending-Plan-enough/dp/1461084016

Does a low-cost annuity help you? https://www.amazon.com/Annuity-Decision-Tree-questions-answers/dp/1546454497

GOP cut health plan for 9 million poor children to spite Dems

Congress just allowed the Children’s Health Insurance Program, which provided low-cost health insurance to 9 million children, to expire. GOP would not bring renewal to vote so CHIP screening and immunizations will stop. Sick children will make others sick. CHIP was instrumental in lowering the percentage of children who were uninsured from nearly 14% to 4.5% in 2015. Amid unsuccessful efforts to repeal and replace the Affordable Care Act, the Republican-led Congress allowed the CHIP deadline to pass without action.

Trump and GOP must have a ‘win’ for the rich no matter what the cost!

GOP Rep claims health—life—is privilege for the few not a right as in “life, liberty, etc”

Best rides for the thrifty consumer

IF you need your vehicle to take you from here to there over and over again, you must use the CR report on the top 10. These are the most popular buys in America and most are made in America too. Ford provides the best and only pick up. Good design has made the difference between these 10 and those at the bottom of the reliability list at JD Power.

The discounts go with safety: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Medicare for All

GOP thinks health is a privilege for those who can afford it. Some attack Medicare since the tax we pay for it does not cover the whole cost. Some believe the individual must carry the cost otherwise people would not take care of themselves. Some consider that the government should not be responsible for individual health care because that is not its job. Others feel that the government is incompetent to run health care, like Amtrak—it is always in the red. However, when you consider that our taxes don’t cover all the weapons we make for war, that argument seems trivial. Our health care system has shown that individuals are responsible for their own health except when they can’t pay due to illness, unemployment, and other reasons out of their control. Medicare has been run to the delight of most seniors who use it. Medical special interest groups have kept Congress from fixing the cost overrun problem. We give more taxes for weapons than the generals can use and no Congress person is willing to fix the cost overruns. No one says we can’t afford to run up more debt for weapons. “I won’t let people die in the streets.” He will!

GOP doesn’t worry about the deficit except when it is used to pay for citizens’ needs.

Let’s get on with a solution that covers taxes and costs since we all need health.

****************

TrumpWorld

I could shoot someone on 5^th avenue and not lose voters’

GOP religion whipped up to sell TV show and Trump brand; and get elected

Trump is still just a mafia contractor from Queens—Dad taught him to be The Don.

Trump cancelled health care policy for brother’s family after they fought dad’s will

The Don thanks his wife after introduction with a handshake like she’s a guy?

Trump’s group places mob ties above country; it’s about money POWER not US service.

Mob doesn’t call the FBI when Jr doing an illegal deal with fellow mobsters. Receiving stuff from ‘foreign power’ during campaign is illegal—even for idiots.

Jr meeting with Russian mob ties to tax refund fraud scheme.

Putin has full access to our 2018 elections since Trump doesn’t help states upgrade now.

Trump finally tells 21 states Putin tried/did hack their 2016 elections—10 months delay.

Russian agent admits to propaganda war on US. We were duped by pro-Trump agents.

Trump legal defense paid for by Russia wealthy tied to Putin

‘Ministry of Truth’ 1984 novel: Government propaganda is ‘truth’

Puerto Rico just ‘busted America’s budget’, ‘only 17 people died.’ No $ -- paper towels.

Puerto Rico debt ‘wiped out’; Budget chief: wealthy bond holders get “no bail out”

Trump’s “middle-class miracle”; Rich bonus, some middle taxed, 2.4 T loan from China.

I have never considered leaving Sec State; Trump is a “f------ moron”

My Theory:

Trump got Russian help/funding for business from business/mob ties to Putin.

No one expected him to win so no harm getting Putin help. Don owes Vlad’s mob money so they sent mob gofer Manafort to run the campaign. ‘Colluding’ Putin style.

TrumpWorld – using presidency to make money the old fashioned way: theft

Change tax law to benefit yourself and say it is for middle class: Liars all!

Bribe the D.A. to drop the suit—fraud by Ivanka, Jr selling Trump Soho Cheats all!

Dictator talk time:

“When the president does it, that means it is not illegal,” Richard Nixon

Kushner used email after NSA warning; no disclosures on assets, USSR contacts.

The Don is moving us to a dictatorship where the only people who go to jail are his enemies and non whites he does not like. Racists and nationalists get pardons. If Flynn and Manafort get indicted by Mueller, The Don will just give them a “get out of jail free” card so they don’t rat him out.

Dictators use “back to law and order” to limit rights, fill jails, fund army, follow enemies.

Hitler’s generals thought he was a ‘Depp’ ‘moron’ ‘idiot’ too.

“The president can’t have a conflict of interest.” The Don is above the law?

Quid pro quo: "something for something."

The Don lost money on Puerto Rico club; now payback time?

2017: Thousands died so a few wealthy rich can kill defenseless animals. Insanity?

Koch $ millions to target Dems in tax bill fight: Billionaires decide issues, not ‘reps’

Lincoln solution to TrumpWorld: http://www.latimes.com/opinion/op-ed/la-oe-blumenthal-lincoln-trump-20170713-story.html

Most Americans want Obama back now. He did things we needed done.

Regulation is necessary: We need protection. Saves $12 billion of our money!

Fiat recalls 700,000 Jeeps Dodge SUV for bad brakes from water damage

Brian Murphy caught stealing $890,000 property and failure to pay income taxes

Carmax sells cars with outstanding recalls.

Mass kill in the Wild West—59 killed Las Vegas automatic weapon 90 round, clips

5,740 kids died from gunfire in the United States, just in 2008 and 2009. 9/11 X 2

20 kids, 49 gays didn’t get Congress talking but 59 country music fans DID

GOP ready for to EASE gun restrictions, ammo, silencers, transporting, etc

TX judge tells Trump no voter data—it’s private.

AL and 8 states keep poor voters from voting with unconstitutional laws: debtors prison

Payday loans (200% interest) require lenders assess borrow ability to repay first.

Robert “Rusty” Tweed, Glendale, caught in fraud of $1.7 million

Coach, JCrew sued for deceptive pricing—‘sale’ is gimmick, we pay regular price.

Trump has suspended our right to bring class action lawsuits against our advisors.

How Govt wastes our money:

Price $1 million; Pruitt, Mnuchin, Shulkin, Zinke, Perdue, Trump’s mob pattern

Wealthy don’t need the government’s taxes—80% of tax cuts go to 1%.

House passed cuts of $4 trillion from Medicare, Medicaid, education.

Secret Service has spent at least $137,505 on golf cart rentals so far. Room rentals extra.

Ivana Trump, the first wife offered an ambassadorship to the Czech Republic.

SCAMS:

$10,000 for concert tickets—only the elites go to live entertainment

Flooded cars thousands will be sold unsuspecting used car buyers The Car Book advice.

‘Sale’ word used to deceive us about price at top stores

Jobs:

IBM employs more in India than US. Why Trump cannot bring back jobs to US?

Miners learn to make solar and wind energy instead of coal

Hurricanes make jobs—manufacturing at high but for how long?

Facebook hires 1000 to block ads from Russia

Who owns your account now?

Guggenheim Investments’ exchange-traded fund to Invesco Ltd.

Miracle:

Congress can’t stop gun violence--fear NRA/losing elections. Blame illness, so 59 OK

GOP blames CNN, disrespect for Trump, ISIS, freedom, NOT the auto weapons

IAN

41 Watchung Plaza, B242

Montclair, NJ 07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

Friday, September 29, 2017

Which corporate welfare recipients do you want to keep supporting?

Which of these tax subsidies will you keep paying for in the new tax bill? http://www.goodjobsfirst.org/sites/default/files/docs/pdf/UncleSamsFavoriteCorporations.pdf.

Here are the largest corporate welfare recipients: https://www.cheatsheet.com/ business/high-on-the-hog-the-top-8-corporate-welfare-recipients.html/?a=viewall. GOP wants to cut taxes for the rich and increase the interest payments on $20 Trillion debt to the Chinese! GOP idea that corporations make jobs with tax cuts was proven wrong by KS in 2010, when KS cut taxes and almost went bankrupt. Tax cuts are usually invested overseas where the corporation can make more money from cheap labor. Example: Carrier got tax breaks from IN and still moved to Mexico because wages are ¼ US rate.

Can our ‘reps’ end corporate loopholes and subsidies? How can Congress do that when our ‘reps’ get their election money from the same companies/lobbyists? They give profitable energy firms like Exxon subsidies they don’t need. We even subsidize profitable Disney with $1 billion. Isn’t gov subsidy really SOCIALISM like Russia? GOP’s propaganda of tax reform hides the increases for us.

Ask your ‘rep’ to end just one subsidy! While we wait,

Avoid the coming tax increase: https://www.amazon.com/Pay-No-Taxes-Retirement-legally/dp/1507527977

The Don’s lifestyle spending is spreading to his cabinet

Washington is not being drained of mindless bureaucrats as he promised: it is being drained of operating expenses—our taxes. Tom Price decided he did not like being delayed in the airport like the rest of us so he got us to pay Thousands of our Dollars for a private jet. These are not the little ones but the big ones The Don himself uses: Dassault Falcon 900. Price got stuck in an airport due to weather and decided to fly like a private company big shot from now on. These trips are not cheap. It turns out Education Sec Betsy DeVos also flies on private jets, but she’s independently wealthy and apparently doesn’t charge taxpayers for her luxurious preferences. Treasury Sec Mnuchin used an Air Force C-37 jet to travel from Manhattan to Washington on Aug. 15 after attending Trump’s news conference about non Treasury ideas. ABC found that the one-hour flight, which cost taxpayers $25,000, was being investigated along with two other travel requests. He tried to use military jet for European vacation. Price used military for trips to Europe/Japan for $500,000. Don’s mob can afford own fare: Mnuchin has $154 mill and Price $8 million. Mnuchin paid for Mad Max, etc. Get money back?

Avoid taxes we will eventually have to pay for Don’s mob: https://www.amazon.com/ Tax-Credit-Class-your-credits-ZERO/dp/1539462382

Cut taxes? Most large corporations pay no taxes already—No firm pays 35%

And GOP wants to give them more: https://www.amazon.com/Most-U-S-Corporations-Pay-Taxes/dp/1514274116

Trump to raise Medicare costs to pay for wealthy tax cut

Trump promised to leave Medicare benefits as they were but his proposal may cost us more. Trump has canceled pilot programs that would have penalized some doctors and hospitals and made others voluntary, among other changes. Tom Price, recently cited for charging his private jet travel to taxpayers, wishes to allow doctors to charge Medicare patients extra if the docs think the payments are too low. Duh, All do. This is a sneaky way to privatize Medicare through the back door. Doctors are barred from doing this now. "There have been all of these stories about emergency room surprise billing, out-of-network balance billing — none of that's a problem in Medicare," said Tim Gronniger, former CMS official under President Obama. "There's opportunities for really significant new costs for Medicare patients." Trump can use current regs to change rules.

Dictator’s promise broken: http://www.cnn.com/videos/politics/2017/03/10/trump-promises-not-to-cut-medicaid-newday.cnn

Warren Buffett won the bet: Index fund KILLS high-cost funds

Results don’t lie. If you put your money where Warren told you to put it—in the Vanguard 500 Index, you would have earned 7% per year versus 2.2%. That means Mr Seides’ $1 million hedge fund investments have only earned $220,000 in the same period that Buffett’s low-fee investment gained $854,000. Buffett’s strategy is simple: bet on American business. Warren Buffett, the greatest investor of our time beats Wall Street at their own game by NOT trading or timing. A plain market index fund beat 92-95% of the returns of "professional" managers, including hedge funds. Stock picking by geniuses works only for a short time. Is your advisor a genius? Few picked and held Apple 30 years ago. Insiders may have an edge but it is illegal and you could get caught like Martha Stewart. To earn more, we pay as little as we can. You are paying too much!

Use Buffett as your ‘advisor’: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

Fact-based investing not fake Wall Street promises

Fact-based Investing is now available to you. You pay no commissions or fees which reduce the amount you keep. If you are a long-term investor, you avoid giving up 63% of your potential accumulations because of charges.

This is our first fact: John Bogle, founder of Vanguard Group, the largest mutual fund firm, found that over 50 years of the normal 2% fees on your portfolio, you can actually end up with 63% less than you could have earned. It is simple math: your money earns 7% but the advisor, firm and trading/timing take 2%. Instead of $1.4 million at $250 a month you end up with only $670,000. The average managed-account equity investor earned just 3.79% a year over 30 years ended 2014. Inflation was 2.7%. The market benchmark returned 11.06%. We can invest in a fund that tracks the benchmark at the low cost of 0.04% and so earn 11% over time. We can eliminate any current or future taxes on the growth of our money as it compounds in a tax-advantaged retirement account. No advisor or computer system has proven to beat the market returns over time. Use facts to grow your account: https://www.amazon.com/Fact-based-Investing-first-million-hardest/dp/1977574270

Buffett strategy beats expensive complicated hedge fund advisors

You can earn 11% on your long-term money and end up with HALF a million dollars or more with one phone call. The average advisor-assisted investor earned just 3.79% instead of the market rate of 11%. We own stocks of companies with certain characteristics. We pay less and get more. We use a special investment account to eliminate all future income and capital gains taxes. It is IRS approved for workers only. No one can time the market successfully over time. We don't pay Wall Street owners the $1.3 Trillion per year revenues they take from their clients. One study found that the most successful investors were those that ‘forgot’ their account. Warren Buffett advises us to buy and hold forever too. Buffett has a record of 20% annual returns with 2 down years since 1965.

Set up your account in 1 hour FREE: https://www.amazon.com/Your-First-Mutual-Fund-FREE/dp/1976074118.

New TrumpCare ends 10 Obama guarantees for all Americans except Congress

GOP is asking GOP governors to push for Cassidy-Graham passage because their state will reap $ billions to save their state budgets from default. This political settlement provides money to the states (GOP states get double) to subsidize the old, poor and disabled health care needs. Bloc grants let states spend what they want on health or new statues. Your state can decide to let insurers charge more for those with pre-existing conditions or charge an unaffordable premium or charge less for excluded cancers or heart disease. We lose protections on pre-existing, ER, screenings, Medicaid etc. Even Cassidy own state Health Commissioner says it ends care for 433,000 LA citizens. Our ‘reps’ get to keep these protections in their plan so they face no fight for coverage. We taxpayers foot their bills and insurers can jack up the premiums every year. Insurers and lobbyists win and we lose again: the 32 million without any coverage plan!

The Don says "Graham-Cassidy Bill is GREAT! Ends Ocare!" Alaska bonus vote!

The Don and Congress get to keep the 10 Obama guarantees; we don’t. Thank S. Collins

Avoid 2017 health insurance penalty: https://www.healthcare.gov/coverage-outside-open-enrollment/

Can our ‘reps’ get elected w/o drug money?

Bernie Sanders thinks we can have health care for less cost. The only people who lose are the middlemen and women who get paid to stand between us and health care providers. They employ another group of wealthy people to tell our ‘reps’ what to do on laws. Americans pay about double what other countries pay in total for less care. Many Americans have to sit in hospitals all day to be seen. Millions who work for employers without benefits don’t get care and must get sick to go to the hospital for major problems especially in GOP states. Even if you have a plan, you get manipulated by the system. If the doc or hospital makes a mistake, your family will live through hell or worse.

Imagine paying nothing when you go to the doctor’s office—no copayments, deductibles or portion of your bill. Any prescription drugs would cost you no more than $200 per year. And for all this, you’d pay insurance premiums of just 4% of your income. Since everyone is covered, most doctors and hospitals will have to accept Medicare reimbursement. And there are no tricks from providers who lie about plan coverages.

The insurance company infrastructure would have to find something else to do. That clerk who tells you that you are not covered for the procedure your doctor recommends would need to find work. Also the hundreds at the pharmacy wholesaler who decide EpiPens should cost you $609 not $30. Also hundreds of marketing people who make TV and media adverts to sell drugs to your doctor. Yes, doctors are being told what to push.

SO:

If GOP can vote to end ObamaCare, they could help us and vote FOR Medicare for US.

GOP religionists think god is telling storm victims to move

GOP rep says god is blaming storm victims for living in their homes. Jeb Hensarling, chairman of the House Financial Services Committee, was referring to the National Flood Insurance Program. The federal insurance covers flood damage for homes, which most homeowner policies do not cover. Buyers purchasing a property at risk of flooding are generally required by mortgage lenders to have a government flood policy. "The federal government is encouraging and subsidizing people to live in harm's way," said Rep. Jeb Hensarling in an appearance on CNBC Thursday. "At some point God is telling you to move." Trump’s judge thinks he is the spokesman for Satan, condemning children.

Some GOP think god sent Trump to save America. Some GOP religionists want to fill Congress with racist anti-civil law reps.

GOP religionists got a new spiritual leader in Senate—what would Christ say?

Congress continues to use illegal insider-trading to enrich members/staff

Congressional aid found out EpiPen maker was to be fined by Justice and sold his stock for huge gain. You and I can’t do that or we go to jail like Martha Stewart. Congress has refused to enforce a law against their own self-dealing. Individually they make a killing at our expense. Aide Daniel Swanson, isn’t alone. A POLITICO review of federal disclosures for 2015 and 2016 found that some senior aides regularly buy and sell individual stocks that present potential conflicts of interest with their work. A larger study, which looked at almost 62,000 trades made by members of Congress in 2004-2010, found outperformance of 22.13 to 24.16 percentage points under a one-week holding period on an annual basis. That short-term outperformance is significant, implying that the politicians were trading on time-sensitive information. Powerful Republicans, the 10 most important committees in the House or Senate, did best of all, outperforming the market by 32-36% under a one-week holding period annualized.

Get even—use your Tax Haven: https://www.amazon.com/Your-Tax-Haven-Tax-FREE-Americans/dp/1482659441

****************

TrumpWorld

I could shoot someone on 5^th avenue and not lose voters’

GOP religion whipped up to sell TV show and Trump brand; and get elected

Trump is still just a mafia contractor from Queens—Dad taught him to be The Don.

Trump cancelled health care policy for brother’s family after they fought dad’s will

The Don thanks his wife after introduction with a handshake like she’s a guy?

Trump’s group places mob ties above country; it’s about money POWER not US service.

Mob doesn’t call the FBI when Jr doing an illegal deal with fellow mobsters. Receiving stuff from ‘foreign power’ during campaign is illegal—even for idiots.

Jr meeting with Russian mob ties to tax refund fraud scheme.

Putin has full access to our 2018 elections since Trump doesn’t help states upgrade now.