Wealthy Retirement View in Browser Brought to you by The Oxford Club Monday, October 26, 2015 Detroit... Atlanta... Baltimore... Bankrupt Pensions Could Jeopardize Your Retirement! The Motor City was just the first domino to fall. Others such as Atlanta, Baltimore and Providence are in line to tumble next. Of course, good old Uncle Sam (funded by your taxes) will end up bailing them out. But what happens when there's no money left for the rest of us? That's why we recommend you check out a new retirement plan. Over time you could see gains 6 to 21 times higher than you're getting now. Full details here. Which Candidate Has the Right Tax Proposal? Marc Lichtenfeld, Chief Income Strategist, The Oxford Club Is there anyone in America who thinks they're paying just the right amount of taxes? The vast majority believe they pay too much. Especially when they see what they get for their money. Do-nothing leaders, crumbling infrastructure, awful schools... the list goes on. There are many issues to consider when choosing a president, but taxes are an important one. So for the upcoming election, you should know what the candidates think. Here's a quick and dirty rundown of where the various presidential candidates stand on taxes: Tax on Ordinary Income Secretary Hillary Clinton - No specific proposal Sen. Bernie Sanders - Apply Social Security payroll taxes to earnings over $250,000 Gov. Jeb Bush - Set top tax rate of 28% and bottom tax rate of 10% Dr. Ben Carson - Phase in over time a flat 10% to 15% tax rate Gov. Chris Christie - Lower tax brackets to 8% to 28%; eliminate itemized deductions except for mortgage interest and charitable donations; eliminate payroll taxes for workers under 25 and over 62 Sen. Ted Cruz - Unspecified flat tax Gov. John Kasich - Top tax rate of 28% Sen. Rand Paul - Flat tax of 14.5% with standard deduction of $15,000 per filer; eliminate payroll taxes and deductions except for mortgage interest and charitable donations. Sen. Marco Rubio - Two brackets of 15% and 35%; the higher bracket is $75,000 for singles and $150,000 for couples; eliminate itemized deductions except for mortgage interest and charitable donations Donald Trump - Top tax rate of 25% and bottom tax rate of 10%; no tax on individuals earning less than $25,000 or on families earning less than $50,000 "Developed in a building with no windows or doors..." Deep in the heart of Silicon Valley, there's a project being developed that's going to be a "Holy Grail" for consumers. Until recently, it was hidden deep inside a building with no windows or doors... the only way in was through an underground tunnel. Discover how this newly unveiled secret can potentially triple your money. Tax on Capital Gains/Dividends Clinton - Capital gains on short-term investments would be taxed at rates of 24% to 43.4%; capital gains on long-term investments would be 24% Sanders - Capital gains tax on wealthiest 2% would be doubled Bush - Top rate of 20% Carson - No specific proposal Christie - No specific proposal Cruz - No specific proposal Kasich - Capital gains tax rate of 15% Paul - A 14.5% flat tax on capital gains and dividends Rubio - Taxes on capital gains and dividends would be eliminated Trump - For single filers (numbers in parentheses are for married filers), the rates are 0% for up to $50,000 ($100,000) in income, 15% for up to $150,000 ($300,000) in income and 20% for income above $150,000 ($300,000) Other Clinton - Establish high-frequency trading tax for hedge funds that engage in this type of computerized trading Sanders - Increase tax rates on estates over $10 million, while lowering the exclusion to $3.5 million from $5.43 million Bush - Corporate tax rate of 20% Christie - Lower top corporate tax rate to 25% Cruz - Eliminate estate tax Kasich - Eliminate estate tax Paul - Set flat corporate tax rate of 14.5% on income and labor payments Rubio - Lower corporate tax rate to 25% and eliminate estate tax Trump - Set corporate tax rate of 15% and eliminate estate tax Now keep in mind, just because a candidate proposes a certain tax rate or change in the code doesn't mean it's going to happen. Candidates have been known to say one thing to get elected and then do another. Remember, "Read my lips: no new taxes"? There is also the tricky issue of getting a proposal through Congress. That's certainly not a slam dunk if either the House or Senate majority is the opposite party of the president. And just because a candidate's proposal is appealing in a sound bite doesn't mean it works in the real world. Lower taxes could balloon the deficit. Higher taxes could stifle investment and innovation. There's a lot of nuance here. Nevertheless, it's helpful to know what the candidates have stated publicly in regard to taxes. Who do you think has the best approach to taxes? Leave your thoughts in the comments section below. Hoping your longs go up and your shorts go down, Marc Click here to post a comment on WealthyRetirement.com New Saudi Regime Targets America There's a new Saudi king. He has no reason to maintain the same old friendly U.S. relations that the previous monarch did. Certainly not after the U.S. reduced its oil imports from the Saudis by one-third this past year. Discover what King Salman might do as payback to America. Recent Articles From Wealthy Retirement Hey, Americans: Get a Clue by Steve McDonald Friday, October 23, 2015 The slap this week goes out to this whole country, the good ol' U.S. of A., which is overrun with what I call money morons, both professional and amateur. Read On... The Skinny on Following the Celebrity Money by Kristin Haugk Thursday, October 22, 2015 "My question is, does a celebrity endorsement in the form of an investment or board membership always result in share price appreciation? And does it last?" Read On... The Safety Net: A 4% Yield on the Verge of an Upgrade by Marc Lichtenfeld Wednesday, October 21, 2015 This business has changed radically over the past 10 years... And over the past 12 months, this company has generated $1.3 billion in free cash flow. Read On... 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