Lie after lie October 16, 2018
Posted by hslu in 美食, Economics, Taxes.Tags: deficit, Larry Kudlow, tax cut, Trump
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If the U.S. government officials are accountable for what they said to the American people, Kudlow should resign immediately.
Source: CNBC
We shall see August 31, 2018
Posted by hslu in Congress, Retirement, Taxes.Tags: IRA, RMD, ROTH IRA
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But, don’t get your hope up just yet.
However, delay the RMD now might mean a bigger tax bill later in life because a larger withdraw in the future will push you into a higher tax bracket.
My question is this: why is the Trump administration proposing this change at this time for the older Americans in the first place? Delay RMD now will result in a lower tax revenue for the U.S. government when the deficit is projected to hit at least $1 trillion for the current fiscal year and beyond.
不知道他葫蘆裏賣的是什麽藥？
Source: Flipboard
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Worth to know August 29, 2018
Posted by hslu in Taxes.Tags: Tax. IRS
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Retiring overseas? Here are strategies to avoid big trouble with IRS
If you have a PR, i.e., a green card, same rules apply.
The penalty is huge if you don’t comply because, you know what, the U.S. government is after you because America is broke.
The New Jersey suckers May 16, 2018
Posted by hslu in 美國, Economics, Politics, Taxes.Tags: free tuition, illegal immigrants, New Jersey
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Hello, the NJ suckers, be ready for more illegal immigrants flocking to the great State of New Jersey.
Why?
Your state representatives want the illegals so badly that they are spending your money freely to secure Latino’s votes for their re-elections.
I don’t know the logic behind this piece of legislation signed by the governor of New Jersey. New Jersey already has one of the highest taxes, highest debt obligations and largest exdous of people to the other states in the United States.
Free tuitions may not sound much, but be worry about what they will bring in a few years.
Trump/GOP tax increase: got rid of lots deductions April 21, 2018
Posted by hslu in Congress, 特朗普, 美國, Taxes, Trump.Tags: GOP tax reforn
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The GOP tax overhaul took away a bunch of deductions available to Americans
In essense, the Trump/GOP tax reform fooled you to think that you’ve got a tax cut.
By getting rid of many misc. deductions for tax year 2018, you maybe paying more tax instead. You’ll find out next April.
Little by little, the Congress will suck you dry.
Standard deduction, here I come March 22, 2018
Posted by hslu in Taxes.Tags: Standard deduction, tax reforn, TCJA
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The Effect of the New Tax Bill on Itemized Deductions
Source: Flipboard
After taking itemized deductions for the past 30+ years, I will take the standard deduction for the first time on my 2017 tax return.
Another one of my life’s turning points.
Lies, lies & more lies. Cuts, cuts & more cuts. February 17, 2018
Posted by hslu in Congress, 特朗普, 美國, Election, Health Insurance, Taxes, Trump, US Government, 川普.Tags: Medicais, Medicare, Social Security, taxes, Trump 2018 budget
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The big cuts are coming！The big cuts are coming! And Trump and the Congress don’t give it a damn of what you think or feel. Campaign promises? They are meant to be broken after the election.
Source: Flipboard
Americans are the most gullible ones when it comes to their politicians.
They hate the Congress but keep sending the same representatives and senators back to DC. They filled the White House with liars after liars because they believe all the lies presidential candidates told them on the campaign trail, just to break all of them once in the office.
When Trump was asking your votes, he promised to“save Medicare, Medicaid and Social Security without cuts.”
Trump’s 2018 budget calls for cuts on all three programs and the congressional GOP also tried to cut $1 trillion from Medicare and about half a trillion from Medicaid. Here are the proposed cuts from Trump’s “An American Budget: Major Savings and Reforms”:
- Cutting Medicare by $266 billion.
- Cutting Medicaid by $1.1 trillion.
- Cutting Social Security by $72 billion.
So, all sinile and age challenged Americans, brace yourself for what is coming to you. Hospitals will get reduced payments from the Medicare too. Medicaid will see the biggest cut totaling $1.1 trillion over 10 years.
Additionally, Supplemental Security Income programs and Social Security Disability Insurance programs will see $72 billion cuts too.
You see, there is no place for you to hide no matter where you are in the system. Your medical benefits will be cut. Your doctor’s visits will be
Structural Shift February 10, 2018
Posted by hslu in Congress, 特朗普, 石油, 美國, Debt and deficit, Economics, Election, Energy, Stocks, Taxes, Trump, U.S. dollar, 川普.Tags: Bonds, Inflation, stock market correction
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What structural shift are we talking about？
The “structural” part of the shift is the fundamental change of the economy bought to you by none other than Trump and the Republicans. While we are at it, let’s add the inept Democrats to that bunch too because they are equally guilty for acting like a whole bunch of chickens without heads.
In a growing U.S. economy and the synchronized recovery of the world economies, as well as almost full employment of around 4% in the U.S., Trump and the Republicans passed “the biggest tax reforms in American history according to Trump ” without finding a way to pay for the massive tax cut for the riches. It simply is insane because of significant damages it will eventually bring to the masses.
Why did they do it?
Because the mid-term election is coming in 11 months. They congressional Republicans are fearful of losing their congressional seats and the majority of both houses.
The structural change is what the financial market is reacting to this week when the Dow took a fast elevator down to the basement of the correction territory: the dreaded inflation is just around the corner as indicated by the chart below.
Source: Federal Reserve
The tax cut at full employment doesn’t make economic sense because it clearly is inflationary. The bond market knows it because a massive amount of federal government borrowing in the amount of additional $500 billion a year will hit the Bond market soon.
The stock market is equally uncomfortable with the higher rate environment and crumbles under the weight of extended valuation.
The structural shift is important for the financial market at this juncture because a re-pricing of all financial instruments will take place in the months and quarters ahead.
Treasury and corporate bonds will drop. Stock market will correct to bring its valuation to a reasonable level. High yield bonds will tank. Housing prices will drop as mortgage loans demands wane. Commodity prices will decrease as US dollar strengthens. Interest payments on US national debt will rise as deficit grows to ~$1 trillion annually, or about 5% of the US GDP.
In short, the structural shift will shrink personal wealth as inflation bites.
Republican Party: shame on you January 1, 2018
Posted by hslu in Congress, 美國, Debt and deficit, Politics, Taxes, Trump, 川普.Tags: Debt, deficit, Republicans
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When Republicans in the Congress gave the top 1%, Trump, Trump’s rich friends and corporate interests one of the largest tax cuts in the history at the expenses of the common people, they said nothing about the $1.5 trillion debt they have created in the process.
Now, with 2018 comes along, Republicans all the sudden flip sides and become fisical conservatives when it comes to the 2018 federal budgets.
What a bunch of hyprocrites!
Didn’t some general said that WWIII is coming a few weeks ago?
Hmmm, that means more money for the military to buy more guns, fighter jets, missiles and aircraft carriers.
And The Wall. The beautiful $40 billion Wall.
From this
To this:
Well, time to cut social security benefits, Medicare, Medicaid, food stamps and education. Again.
Well, politicians are nothings but jokes no matter they come in red or blue. They are all liars.
Americans (voters) are so gullible and stupid that they keep sending these same red and blue flip-floppers back to Washington D.C. year after year while giving their kids and grandkids a bigger and bigger debt year after year.
腦殘。白痴。
公說公有理，婆說婆有理 December 3, 2017
Posted by hslu in Congress, 美國, Economics, Election, Taxes, Trump, US Government.Tags: national debt, tax reform
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This is the oroblem with economics: no one has any clue as to what’s going to happen in ten years with the new tax reform bill.
Democrats say: $500 billion, $1 trillion or $1.5 trillion deficit added to the national debt in 10 years with the rob-the-poor-and-soak-the-rich tax plan.
Republicans say: revenue neutral, beyond revenue neutral or 3+% annual GDP growth from the historical and boldest re-write of the tax code ever.
The schmos: Is there anything we can do?
Trump: Four more years! Four more years!
National Debt:
@ 2017/12/03, 20:10:28
