Friday, February 9, 2018

The Clinton Foundation Boondoggle.

(This was all over the news in London, failed to make the cut here though, not a word!)
Have you wondered why the Clinton Foundation folded so suddenly after Hillary was no longer in a position of influence? Perhaps this summary will provide some insight.

They list 486 employees (line 5)! It took 486 people who are paid $34.8 million and $91.3 million in fees and expenses, to give away $5.1 MILLION.

This is real. You can check the return yourself (see below). The real heart of the Clintons can be seen here. Staggering but not surprising.. These figures are from an official copy of the Bill, Hillary and Chelsea Clinton Foundation for the tax year 2014. The copy of the tax return is from the National Center for Charitable Statistics web site. You can obtain the latest tax return on any charitable organization there.

The Clinton Foundation:
Number of Employees (line 5) 486
Total revenue (line 12) $177,804,612.00
Total grants to charity (line 13) $ 5,160,385.00 (this is less than 3%)
Total expenses of $91,281,145.00

Expenses include:
Salaries (line 15) $34,838,10 6.00
Fund raising fees (line 16a) $850,803.00

Other expenses (line 17) $50,431,851.00
Travel $8,000,000.00
Meetings $12,000,000.00

Net assets/fund balances (line 22) $332,471,349.00

So it required 486 people, who were paid $34.8 million, plus $91.3 million in fees and expenses, to give away $5.1 MILLION!                 And they call this a CHARITY?

This is one of the greatest white-collar crimes ever committed. And just think---one of the participants was a former president and one wanted to be elected pr esident of the United States. If justice was truly served they would both be in prison.
Feel free to pass this on to your friends so they can also be informed.


Thursday, January 4, 2018

IRS Tax Evasion Schemes Created by US Congress in PUERTO RICO,USA

Puerto Rico's Act 22 – One of Puerto Rico's Legal Tax Evasion Scheme that has destroyed our Economy
Promoted and signed by Governor Luis Fortuno in 2012, 
4 AUG 2016 by..
Manuel López-Zambrana
Camille Álvarez

Act 22 seeks to attract new residents to Puerto Rico by providing a total exemption from Puerto Rico income taxes on all interest and dividends realized after the individual becomes a bona fide resident of Puerto Rico.  

An individual who was not a resident of Puerto Rico from January 17, 2006 through January 17, 2012 may request a decree of tax exemption (an Act 22 Decree) under Act 22, and qualify for the following benefits:
100 percent tax exemption with respect to interest and dividends derived after becoming a resident of Puerto Rico and through December 31, 2035
100 percent exemption with respect to gains from the sale of property acquired after the individual became a resident of Puerto Rico, if the sale takes place before January 1, 2036.
The application for an Act 22 Decree must include the payment of a $750 filing fee as well as the payment of an additional $5,000 upon the issuance of the Act 22 Decree. The benefits of Act 22 are also conditioned on the individual complying with the requirements of acquiring residential property in Puerto Rico and opening a bank account in Puerto Rico.

Bona fide resident of Puerto Rico
Under the US Internal Revenue Code (IRC), citizens of the United States are generally taxed on all of their income, from whatever sources derived. US IRC Section 933, however, provides an exception with respect to Puerto Rico residents: individuals who are bona fide residents of Puerto Rico for the entire taxable year,