First of all, I want to introduce you to a website. It’s www.truthinaccounting.org. That is the most phenomenal website you can ever go to and is written by one of the country’s top CPAs. Check it out and see exactly how our state, Mississippi, is doing compared to other states. And by the way, if you don’t already know, it is terrible. But none of the rest is doing as well, and we’re not the worst out there. I hope you’ll go to it; it’s a great website.
The second thing is who pays the income taxes? Biden said if he’s going to be elected, he is going to increase tax rates. He is going to increase corporate tax rates. He is going to increase individual tax rates, particularly to the wealthy. Because according to Biden, the wealthy do not pay their fair share. Let’s look and see if that’s true enough.
There is a roughly 153 million tax returns file. Now, 47 %, almost half have a drastic gross income of less than 50 grand. Those are the people that we can help if you got a lot of money. They paid 5.1% of the total income tax. People who have an income of up to 100 grand paid 18.9% of the taxes. People with income ranging from one hundred thousand to five hundred thousand paid almost 43%, and people that made over 500 thousand dollars paid almost 43%, 42.9%. When Biden says, as Trump does, that the wealthy aren’t paying their fair share, he is absolutely wrong.
I will tell you how bad things are. Some people are leasing their streets, take Jackson Ave. and Church St., they lease those streets to the people. Why? There is a one trillion budget mess going on, and most of these pieces of information came from the government.
Here are examples of help that we have done recently.
First, a person has thirty thousand dollars of savings that would be getting way less than 1% per year. We asked the person, “what would you gonna do with that less than 1% or 3 dollars a year?”, “what would you gonna do with that 30 thousand dollars?” She answered that they would not gonna need it. They wanted to leave it to their grandchild.
That’s the key, what would be the purpose of the money? So what if we took that 30 thousand grand and bought a single premium life, and we get the same 0 interest valuables. So if that person needs to take cash, she can get the same money that she has.
But instead of leaving the kid with 30 thousand, she’ll gonna leave her 50 to 70 thousand, depending on the age of the grandchild. If she’s 50 years old, it would probably be more than 50 thousand. If she is going to give it if she is 70 years old, it’s maybe around 55 thousand. If she is 50 years old, probably 70, if 60 years old, it will be about 50 thousand. In either case, it is tax-free, which better than what is being done at the moment. I mean, 50 or 70 is better than 30, and we get the same interest rate. What just happened? We just repositioned the money.
We transferred the money from one pot to the other. 99% of you don’t know how to do that. We do. All you got to do is call and say, Jim, this is my situation, can you help me? You got to make the call or text us at 601-757-6488, or you can message us at jim.mckennon@gmail.com.
Second example; this person came to us with 200 thousand in a CD (certificate of deposit), making 0.20% in a year or about $400. We repositioned that. We took 100 out. We bought an annuity that is a lifetime payout guaranteeing 6 thousand dollars a year.
But, all annuities don’t work this way. In fact, very seldom do I sell one that works this way. I did it to give them the most income. This income only stops as soon as the person dies. So what if they die? There will be no income generated starting in the second month.
Some people think that all annuity works that way; hence, it is terrible, as they say. However, that is absolutely false. This is one of the few that works that way, and I only did this to get as much payout plus we were able to take another 100. We bought a life insurance policy, and again depending on the age, for 200. Here’s the deal. While they are living, they are getting 6,000 a year instead of 400. When they die, they are getting the same thing, plus they got access to the cash value at the 100 thousand dollars if they need it. Is that a bad deal?
I want to tell you some good ideas, and if you have interest in this, please tell us. Just don’t do anything like what you have been doing, and we’ll figure it out. So contact us and take action. You cannot sit on your butt doing anything and assume that you will solve all your problems. Can we solve all of your problems? Of course not, but we can solve most of the financial problems. I have done business for the former president of the United States. I’ve done business with people worth a hundred million dollars.
I can help you, but you got to make the call. I’m not gonna call you. You got to make the call. And here’s all you got to say, Jim, this is my situation, can you help me? Then I’ll tell you, yes or no very soon. I won’t waste your time if I can’t help you. Have my phone number, 601-990-2102, and I hope we get some action on this.
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