The Treasury Department is making its own laws to change how capital gains taxes are counted for Wall Street’s elites…
And while the government continues to rig the game in favor of Wall Street, we’ve found a way for you to cash in on a little-known government program.
It could lead to payments of up to $1,795 every month…
How the Treasury Department Is Giving Cash Away to Wall Street Execs
Treasury Secretary Steven Mnuchin will potentially change the rules governing how capital gains taxes are calculated.
Mnuchin wants to allow individuals to count inflation in their capital gains tax filings, a move that will potentially shave millions of dollars off of taxes for elite investors.
YOU KNOW IT IN YOUR GUT: Look at how things are going. Financial turmoil is coming just around the corner, maybe just a few months away. Click here…
Capital gains taxes weren’t covered in the blockbuster tax cut Congress passed last year. According to experts interviewed by The New York Times, more than 97% of the benefits of the plan will go to the top 10% of income earners.
In other words, this is a gift for Wall Street.
Here’s how the plan would work…
If you bought $100,000 of stock in 1980 and sold it for $1 million today, you would have to pay capital gains taxes of 20% on the $900,000 profit. With the new plan, you could claim your $100,000 purchase is really valued at $323,893 thanks to inflation, and it would cut your taxes by nearly a third.
It’s a classic plan by the government to reward the well-connected elites at the expense of the other 90%.
And Mnuchin, a former executive at Goldman Sachs Group Inc. (NYSE: GS) says he will change it whether Congress passes a new law or not…
That’s a huge deal because the Treasury Department already ruled this idea was illegal back in 1992.
If this kind of back scratching between the government and Wall Street doesn’t boil your blood, you might not have a pulse.
But while the government tries to find a new way to reward the Wall Street elites, you can get your share of its $11.1 billion…
How to Receive Your “Federal Rent Check”
The U.S. government is legally required to pay rent for 9,600 buildings this year. That money is funneled into the $11.1 billion Federal Buildings Fund.
Here’s where things get interesting for you. The law requires portions of this cash to be sent to “private sector agencies,” which then distribute much of it.
And there is a way for you to get a “Federal Rent Check” every month from these “private agencies”…
Public Law 92-313 helped create an opportunity for you to capitalize on the greatest path to self-made wealth that has ever existed.
Nothing else comes close.
But this investment isn’t a normal real estate deal.
You never have to purchase a building or square foot of land to collect Federal Rent Checks.
And you never have to knock on a door to ask for your money.
Because, in a way, you’ve already been serving as a landlord to the U.S. government.
You’ve been paying your taxes so government agencies can have roofs over their heads.
You just weren’t reaping the benefits.
It’s time to change that.
We’re going to take you through this investment, point by point, as quickly as possible.
Because this money is getting scooped up left and right.
So let’s make sure you get your name on the distribution list before you lose out on massive profit potential.
About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.
Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
Source: Money Morning