May 23, 2013

About David John Marotta

David John Marotta+ is the Founder and President of Marotta Wealth Management, Inc. He played for the State Department chess team at age 11, graduated from Stanford, taught Computer and Information Science, and still loves math and strategy games. Favorite number: e (2.7182818...)

Marketplace Fairness Act Burdens Businesses with State Compliance Audits

Marketplace Fairness Act

Compliance isn’t just a technical burden. It is a threat of legal liability. The bill allows state tax audits by any state against any online vendor.

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Businesses Must Use Revised I-9 Forms Or Face $1,100 civil monetary penalties per employee

I-9 Government Employment Form

And yet we wonder why small businesses disregard so many government regulations.

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Government Regulations And Compliance Do Not Make Us Safer

Milton Friedman Watercolor

The coercive power of government is more dangerous than the free market. Special interests use it to circumvent both the law and economics.

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Protecting Your Identity: Credit Reports and Credit Freezes

American Credit Card

Even if you think you have good credit, periodically check the facts on your credit report anyway. Your credit report will outline your full credit history. And it can help you verify you have not been the victim of identity theft.

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The Smart Money Philosophy of Doug Lennick

Roulette Wheel

Follow a philosophy so that there is always a smart place to get money

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Amazon Sales Tax Collection: Coming To Your State Soon!

Salestax.com

Amazon is currently collecting sales tax for purchases shipped to nine states. It will begin collecting sales tax on purchases for Virginia in September 2013.

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Marketplace Fairness Act Adds Automation to Tax Confusion

Pretty Penny

It is not a new tax. It is simply a tax that nearly everyone currently reading this column is successfully evading without prosecution.

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Five Red Flags You Picked The Wrong Financial Advisor

Red Flag

Five red flags any one of which should make you stop and reconsider.

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Financial Advice for Recent College Graduates

Graduation Caps

Financial advice for college graduates is easy. Graduates street smart enough to take the advice is rare.

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Do Tariffs Protect an Infant Industry?

Infants

Do infant industries need tariffs to protect them from their own inefficiency and stupidity?

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How to Find a Financial Advisor, Step by Step (PBS Newshour)

PBS 2013

You’re looking for an enduring relationship based on mutual respect and trust, so plan on investing at least as much effort as you’d put into choosing an automobile, especially a used one.

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Gold, Silver and Resource Stocks

Pile of gold coins

The optimum asset allocation to physical gold and silver is 0%. Instead, we recommend you use resource stocks as an inflation hedge.

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Is There A Moral Case for “Buy American”?

Eye on America

Perhaps we would be economically better off with global trade, but do we have an obligation to maintain a higher moral standard?

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CPI Inflation Rate Calculator (Experienced vs. Reported)

Alternative CPI measurement

Have you ever wondered why the CPI, GDP and employment numbers run counter to your personal and business experiences? The problem lies in biased and often-manipulated government reporting.

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Limit Your Investment In Gold and Silver To Less Than 3% of your Portfolio

Pile of gold coins

“Why Buffett thinks investing in gold is stupid”

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IRA Cap Gives Rise to New Funding Strategies

Be Outraged And Fund Your Roth

President’s proposal comes with silver linings for shrewd advisors

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Is A $3 Million IRA Sufficient For Retirement?

Five Presidents

$3 million today has the same buying power as $500,000 in 1970.

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10 Best Places to Retire Abroad

Costa Rica

If you like stable governments, low crime rates, socializing, great food, wine, culture and the dependability of developed countries, this list is for you

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Tax Planning

Dorothy and Toto 1040

A dollar saved on taxes is worth more than a dollar earned. If you earn another dollar, they will just tax you again.

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Is “Buy American” Un-American?

Tea and Bananas and Marotta in the morning.

America will continue to lose jobs where we don’t have a comparative advantage and gain jobs where we do. This change should be welcome.

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Video: Even the Beatles were against highly progressive taxes!

Taxman

Let me tell you how it will be: There’s one for you, nineteen for me. Should five per cent appear too small, Be thankful I don’t take it all.

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Greenspan, Friedman, Keynes and Lenin All Agree on Inflation

The Fading Dollar

“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” – Vladimir Lenin.

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Better to Bank with Cyprus Than the United States?

Cyprus

Without any authorizing legislation, the U.S. government has quietly taken more value than Cyprus tried and failed to confiscate.

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Securing Your Retirement or Working During Your Retirement

Older americans rely more on work income

Securing your retirement financially is too important to leave the process up to chance and guessing.

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Is 95% of the Trade Imbalance Legal Tax Evasion?

Stark International

As one of Forbes’s 25 largest fictional companies, Stark International could avoid $4 billion in U.S. corporate taxes with this one simple technique.

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Radio: Should We Raise Taxes to Balance the Budget?

Marotta on Radio Talking

David John Marotta was interviewed on radio 1070 WINA’s Schilling Show in March to discuss balancing the national budget, and whether raising taxes is a good method to increase revenue to match spending.

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The Benefits of Free Trade Agreements: The Country Always Wins

Free hugs

Average Americans think about trade imbalances the wrong way. They have it exactly backward.

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A Blended Investments Style Can Lead to High Returns With Low Risk

Value and Momentum

A blended investment style for all markets can lead to high returns with low risk.

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The Benefits of Free Trade Defined: The Consumer Always Wins

Cup of coffee

All I want is a simple cup of coffee near where I work. Is that asking too much of free trade?

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Five Things Advisors Should Tell Clients About Retirement, But Often Don’t

5-things-advisors-should-tell-clients-about-retirement_t

“Retirement today is a lot like an iceberg, where 90 percent of what’s really taking place is below the surface.”

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Subscribe and receive the free presentation: If Not Gold, Then What?

Gold Allocation

Subscribe today and receive access to view Subscribe and receive the free presentation: If Not Gold, Then What? presentation free!

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We buy local produce because it is better, not because it is local

The sun ripening a Polyface tomato

If you could only pick one, would you like to buy a ripe tomato or a local one?

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Big Mac Index Shows Official CPI Underreports Inflation

Big Mac

The lack of an adequate CPI adjustments leave seniors 71 days shy of a year’s worth of lovin’ it. Seniors deserve a break today!

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ETF Trading: It’s ‘No Way to Invest’ Says Bogle

John Bogle talks about ETFs

If Bogle is against ETFs, why does Vanguard run so many of them?

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Should We Raise Taxes to Balance the Budget?

Should We Raise Taxes to Balance the Budget?

The only two ways to balance the federal budget are to spend less or to collect more. Spending less is the preferred method, but that is just not happening. As a result, politics is pushing many in Congress to try to balance the budget by raising taxes.

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Video: How to Check Up On Your Charity

Marotta Youtube

Maybe it is time you checked up on your favorite charities before making your next gift.

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15 Tax Moves For Right Now. Really?

1040-2013

Do any of these ideas suggest any incentive for the highly productive to continue producing?

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Should We Starve the Beast?

Hungry bear

Even to conservative political parties, starving the beast is not the ideal solution.

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Dwight D. Eisenhower on tax cuts and a balanced budget

Dwight D. Eisenhower

“Until the deficit is eliminated from our budget, … there is no end to inflation; there is finally no end to taxation; and the eventual result would, of course, be catastrophe.”

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What Is Rent-Seeking Behavior?

Taking money from the ballot box

Studies suggest that $1.5 trillion is wasted on public sector rent-seeking.

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Encourage property rights, not democracy

Greece v. Chile in Economic Freedom

Even if democracy is the principal objective, encourage the rule of law.

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Subscribe and receive free presentation: Dynamic Portfolio Construction in the Context of Comprehensive Wealth Management

Dynamic Asset Allocation

Presenting to the American Association of Independent Investors, February 2013.

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The Effective Rule of Law Propels Prosperity

the-effective-rule-of-law-propels-prosperity_t

Property rights are among the characteristics most correlated with high levels of per capita gross domestic product (GDP).

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Are Property Rights Human Rights?

All men are created equal

Does a property owner has the right to use and dispose of his property as he sees fit even if that means he is being irrational, arbitrary, capricious, even unjust?

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David John Marotta speaking in Florida (February 19-21, 2013)

Florida 2013

I’d like to invite any of our subscribers in The Sunshine State to attend one of the following events as our guest.

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Is a National Sales Tax Really Fair?

Fair Tax

Claims of “fair” or even “regressive” or “progressive” depend very much on what is used as the denominator.

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In Praise of Mid Cap Value

Mark Salzinger's The No Load Fund Investor

Mid-cap value should be part of any U.S. stock allocation which wants to remain invested in the markets, but is worried about potential corrections.

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Social Security goes fully paperless

my Social Security

You should claim your own Social Security account online and give it a secure password before someone else does.

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AAII 2013

David John Marotta presenting AAII 2013

Follow-up information for 2013 AAII presentation “Dynamic Portfolio Construction in the Context of Comprehensive Wealth Management.”

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Let the Income Tax Die at Age 100

Income Tax

The income tax penalizes productivity, discourages hard work, and suppresses investment.

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