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As many New Yorkers struggle to make ends meet and state and city budget deficits skyrocket, our rookie governor has a new, astonishing trick for his recovery plan - tax cuts for the wealthy.
That's right, Gov. Cuomo, the Democrat, wants to join all those Republicans in Albany and slash an income tax surcharge for every New Yorker making more than $200,000 a year - a mere 5% of the population.
We're not talking about a gross income of $200,000. This cut would be on taxable income above $200,000 - after the filer has taken advantage of every deduction and loophole IRS regulations allow.
The Legislature approved the surcharge, or so-called millionaire's tax, two years ago. It did so following the near economic collapse brought on by Wall Street greed. The temporary surcharge was meant to help the state weather the recession and is set to expire in December.
Since the tax was enacted, big banks, corporations and their investors have recovered and are flush with record profits.
Too many New Yorkers, on the other hand, still face unemployment, a persistent mortgage crisis, depressed property values, zooming health care costs and frozen wages.
As a result, state government is staring at a $10 billion shortfall for the budget year that begins April 1. Closing that gap will mean major cuts to education, Medicaid and other services.
Kelly LeBrock international actress and model. Her acting debut was in The Woman in Red co-starring with comic actor Gene Wilder. She also starred in the films Weird Science, directed by John Hughes, and Hard to Kill, with Steven Seagal
Mary King IRS Problem Solving Attorney and co- author of the book Protect and Defend. Her career in law has primarily focused in IRS problem solving as well as mortgage foreclosure defense
Ronnie Tsunami Technology Advisor and Speaker, with a specialization in digital marketing, helping entrepreneurs to embrace the latest tools, techniques and technologies to accelerate the growth of their business. As a Learning Solution Architect, Ronnie's training programs have been implemented in over 10,000 academic institutions and enterprise organizations around the world including Microsoft, the US Air Force, Blue Cross/Blue Shield, Time Warner Cable and many more
Barry Hess has been passionately and consistently involved in Arizona's politics since the 2000 election cycle, and has become one of Arizona's most respected and trusted leaders. He pulled together the largest and most diverse coalition in Arizona history to claim the first successful Citizens Referendum in over 30 years, and as many attempts, to send bad legislation to the ballot for voters to decide. Ultimately, the legislation, HB2305 was repealed by its sponsors to save them public shame and embarrassment
Lane Lee Bowers successful entrepreneur who for the last 30 years has been searching for a home business that would satisfy his passion to help people. In his search he was seeking something specific though, what he was looking for had to be beneficial to anyone
Dr.Christina Hibbert is the author of the Amazon Bestseller, This is How We Grow. Dr. Christina is joining me on The Mompreneur Model Show on July 24 at 10amPT/1pmET here on Word of Mom Radio - the show for Mompreneurs, the NEW business woman.
A Clinical Psychologist, she is the founder of the Arizona Postpartum Wellness Coalition, a 501(c)3 non-profit that educates woman, families and providers on perinatal mental health. Dr. Hibbert is a dynamic and engaging speaker, author, psychologist and more. Look for Dr. Hibbert’s next book on the topic of Self-Esteem after a Breakup, with New Harbinger Publications, to be released March 2015.
Mostly, though, “Christi” is a happily married mother, trying to keep up with 6 energetic children! The lessons and insights she shares come not only from her experiences as a psychologist but from her varied experiences in life, her motto being, “Learn. Then teach.” Called “The Singing Psychologist,” Christi is a singer-songwriter in her free time and often shares a song or two in her speaking engagements.
Give us a call at 646 595 3163.
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Word of Mom Radio - sharing the wisdom of women.
A Thousand Bucks to Become a Franchise Owner-
Have your heard of crowdfunding? It is possible through crowdfunding to own part of a franchise for $1,000. We are meeting with Mandy Calara, the CEO and Founder at CrowdFranchise, Forever Brands, and Forever Yogurt. Founded in November 2013, CrowdFranchise is a crowdfunding platform full of savvy community investors interested in owning a piece of a brand in their local community. As opposed to traditional crowdfunding sites, CrowdFranchise will award franchises to the investors, thus providing them with active equity versus just donations. CrowdFranchise plans to have 1,000 units up for crowdfunding by the end of 2014.
Most investment choices don't earn great curiosity, but if any are deserving of that kind of attention, it would be the Roth IRA.
Financial planners routinely say that younger people should invest in a Roth because they would most benefit from its many wonderful qualities. But the truth is, Roth IRA accounts make a good choice for people of all ages.
With Roth IRAs, savers get a tax-free stream of income in retirement. And it's not just the contributions that come out tax-free. Uncle Sam doesn't lay a finger on any of the earnings. It can be a pretty sweet deal when you're talking about decades of compounding.
The only catch is that you pay income tax on your contributions upfront (post-tax dollars).
Unlike the traditional IRA, which gives investors a tax deduction for the year the contribution is made, the Roth version lets savers contribute after-tax money today and withdraw principal and earnings tax-free at retirement.
The Roth can also be used for educational purposes, major medical expenses, and first home buys...with qualifications.
For individuals looking for tax diversification in retirement, the Roth IRA is one of the few tools they can create that ensures that they have a stream of tax-free income in retirement.
Let's get financially well:
Get your free copy of the essential book, How Money Works: A Common Sense Guide to Financial Success. You'll fall in love with this it and never have a major money question again. Go to bitly.com/yourmoneyny and sign up for your copy right now. bitly.com/yourmoneyny
See you next time.
Sandy Priester, MBA, Executive Director Sandy Priester is co-founder of Healing Buddies (2002) and LifeSpark (2005) and continues as Executive Director. She holds an MBA (University of Colorado, Denver) and has 20 years experience with non-profits such as the American Cancer Society, QuaLife Wellness Community, and Healing Touch International. She has served in capacities such as Executive Director (Historic Boulder), and Interim Executive Director (Foothills Art Center), on boards, councils, and panels (Denver Mile High Rotary Club, Arvada Center for the Arts, Colorado Council for the Arts, Denver Career College), and roles in program development, fund raising, and marketing. She currently serves as Co-Chair of the Quality of Life Task Force of the Colorado Cancer Coalition. Ms Priester has been practicing Reiki since 1989 and Healing Touch since 2000 and, in addition to LifeSpark duties, she operates a private energy therapy practice.
You can learn more by visiting LifeSpark.
You may have a fantastic business plan and idea for a start up company, but without the right funding, it's destined to sit in a file folder and never get off the ground.
On this episode, learn the top SIX ways to fund your start up business and how to acquire cash when you don't have access to some of the traditional funding methods or the credit to back it.
in Real Estate
My name is Ken Sheppard. I have invested in real estate successfully for over thirty years.
This show will explain to you how to make money in real estate when you do not have any money. I started out this way and so can you. We will discuss how you get started and have a organized plan of action.
Today, we'll discuss how to begin when you are not sure what to do. It can be very overwhelming. We will explain how to take the steps necessary to start up your business.
Find our podcasts on the iTunes store under "Making Money in Real Estate When You Have No Money".
You can network with 150,000+ active investors by going to KenRERadio.com and creating a free account.
Check out Dana Leigh's new website at SWMIBizDev.com. Login to learn about an opportunity for an honest-to-goodness college style real estate education. And, she'll be happy to show you how to make money starting next week by helping her to enroll students.
Please visit our website at CreativeFlips.webs.com and join our online community here, too.
Warrior Talk Radio is excited to bring on Griff, Co-Founder of Combat Flip Flops. Combat Flip Flops was formed by two Army Rangers to grow sustainable, profitable economy in Afghanistan that is not related to war, drugs, or government contracting. Both Lee & Griff served several tours in Afghanistan and Iraq with the 75th Ranger Regiment between 2002 and 2005. During the deployments, they saw slow improvement in the local economy or security as a result of coalition efforts.
Then we will be talking with Casey Diem about our JAILED MARINE, Andrew Tahmooressi. Casey is a MARINE Combat VETERAN who is currently working as a liason with the Tahmooressi family to get real time sitreps out on Andrew. You can get more information at the OFFICAL website www.FreeTahmooressi.com. We have to work together to BRING OUR MARINE HOME!!!
Call in line is 646-595-3504
Pedophilia has been declared an mental illnes. So how safe are our children in the Foster Care systems, the churches, mosques, temples and child care centers.
We cannot sweep this issue under the rug especially considering how many of our children are placed in the care of people who are in "positions of trust". We have got to look at this issue of why, how and what we can and should do about this if we suspect this kind of abuse may be going on.
My guest Aleah Holland will speak about what she has learned about this abuse and her knowledge of how this effects our community.
Biography of Aleah Holland is a Registered Nursed from Brooklyn, New York. She has over fifteen years of experience in emergency and intensive care nursing. Holland is the Founder of HEAL Network Inc., a 501c3 non-profit organization founded in 2008 that builds educational, entertainment, and empowerment programs to disadvantage children and have been doing children' programs since 1998.
In 2000, Aleah launched the HEAL Seniors program. HEAL Seniors provides free support services to family-less seniors and seniors suffering from Alzheimer disease, or impaired by immobility. She has given hundreds of thousands of dollars out of her nursing salary, personal account, and personal loans to provide these services. As a result of the attack on her life by the "Family Court" cartel, all of HEAL's programs were temporarily placed on hold in 2012.