COVID-19 and Tax-Free States for Retirement income

Despite an ongoing COVID-19 pandemic, the real estate market has been too hot to touch for many in need of housing for 2nd year in a row. Unexpectedly, many buyers have come out to buy a new home to replace their currently stuffy house, or to release their stress of dealing with the pandemic.
Government has provided 2 Economic Impact Payments. Recently Pres. Biden proposed $1.9 Trillion for the 3rd Stimulus checks for the all qualified Americans.

Americans have become smarter than ever before.
Americans have started to learn to save money from this harsh economic circumstance, along with learning how to maintain and know things better to secure a safer umbrella. Included are many retirees looking for the places that are more beneficial to live with less burden of paying to Uncle Sam.

For most retirees, they do not have enough money saved to live comfortably indefinitely. Those that are lucky equally fear not having enough to cover their twilight years. Both groups are thinking about moving to places that provide less financial burdens or disturbances, especially in light of the recent pandemic.

There are three main types of states taxes: income tax, property tax, and sales tax.

Tax-friendly states, or the “7 States” are Alaska, Florida, South Dakota, Texas, Washington, Nevada, Wyoming. Like Illinois, Mississippi and Pennsylvania do not tax retirement income (401(k), IRAs, Pensions), but they tax on interest income and dividends. Alabama and Hawaii don’t tax pensions, but they do tax on distributions from 401(k) plans and IRAs.

Most seniors have experienced how vulnerable human beings are. With the pandemic bringing health issues to our minds, seniors now truly understand the importance of living near healthcare in proximity while also enjoying a quiet suburban community living. The above 7 states as a result continues to be popular destination for those thinking of moving for their retirement.

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This material may not be published, broadcast, rewritten or redistributed in whole or part with out the express written permission.

U.S. Department of Labor: LAX, Van Nuys airports to change policies that caused Family and Medical Leave Act violations

LOS ANGELES – Los Angeles World Airports – owner and operator of Los Angeles International and Van Nuys airports – has made sweeping changes to its employee medical leave request system to address failures that led to long delays, invalid disciplinary personnel actions and violations of the Family and Medical Leave Act found in a U.S. Department of Labor investigation.

The department’s Wage and Hour Division determined that workers waited for months for requests to be approved, and were sometimes subjected to illegal disciplinary actions when they sought unpaid, job-protected leave to care for themselves or a family member in need. The FMLA requires covered employers to provide workers with notice of their eligibility for leave within five business days of the initial request.

Investigators found Los Angeles World Airports’ employee Family and Medical Leave requests went through five levels of administrative review before reaching human resources, typically one month later, with some requests pending for months. The employer also improperly relied on second opinions from an in-house physician, which led to workers not taking their needed and available leave.

The airports’ newly redesigned system includes a new web-based tool that provides workers updates and approvals within 24 hours, instead of months. The employer no longer routinely requires second opinions from health care providers, created a reference guide for leave specialists, scheduled joint training sessions with the Wage and Hour Division, and removed all adverse actions against employees that leave policies in violation of the FMLA caused.

“Especially during a global pandemic, workers should not have to choose between their jobs and their health,” said Wage and Hour Division Assistant District Director Francisco Ocampo, in Los Angeles. “The Family and Medical Leave Act allows for critically needed workplace flexibility precisely when employees need it the most. This investigation has helped to improve substantially the working conditions of more than 4,000 workers. We will continue to educate employers and enforce the law to ensure worker protections and to level the playing field for all employers.”

The division offers numerous resources to ensure employers have the tools they need to understand their responsibilities and to comply with federal law, such as online videos and confidential calls to local Wage and Hour Division offices. Contact the Wage and Hour Division toll-free at 866-4US-WAGE (487-9243) for more information.

 Leo Kay, 415-625-2630, [email protected]

Jose Carnevali, 415-625-2631, [email protected] Release Number: 21-320-SAN

 

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This material may not be published, broadcast, rewritten or redistributed in whole or part with out the express written permission.

Drug Kingpin El Chapo’s “Queen” arrested at Dulles Airport

Emma Coronal Aispuro (31) is the Mexican drug lord, El Chapo’s wife. She was arrested at International Dulles Airport on Monday, under charges of helping to run her husband’s multi-billion dollar drug business.

On Wednesday, a videoconference hearing was held, and U.S. prosecutor Anthony Nardozzi accused Aispuro of working closely wit the command-and-control structure” of her husband’s drug cartel. The Sinaloa is alleged to have maintained in operation and smuggled quite large quantities of drugs into the U.S.

If convicted, she faces more than 10 years in federal prison.

Coronal met her husband when she was 18 years old; they have a 30-year age gap. El Chapo is famously known to have successfully escaped twice (2001 and 2015) from prisons in Mexico.

Coronal met her husband in her 18th birthday and El Chapo is 30 year older than her. El Chapo escaped two times (2001, 2015)from prisons in Mexico. Coronal was charged in a single-count crime with conspiracy to distribute cocaine, methamphetamine, heroin, and marijuana in the U.S. She is also accused of helping her husband with prison break in Mexico in 2015.

El Chapo the Guzman, can only receive in prison visits from his attorneys and his twin daughters from Coronal.

He is currently serving life in prison after several years of bloody fighting that took after his last prison break. He was extradited to the U.S. in January 2017. His drug cartel had been managed by his wife Coronal and his two sons until now.

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This material may not be published, broadcast, rewritten or redistributed in whole or part with out the express written permission.

File Your Taxes Early!

As Congress set a March 14 deadline for the 3rd Economic Impact Payment Plan to be submitted to Pres. Biden, two categories of people exist: those who saw an increase in income in 2020 compared to 2019 due to such things as increase in their stock market portfolio, and those who saw a decrease in income in 2020 compared to 2019 due to the pandemic.

For those that have yet to file the tax return for 2020, the IRS will pull the data from 2019 tax return to figure out how much you can get on your third stimulus check. So, if you did well in 2020 compared with 2019, it’s probably a good idea to hold off on filing 2020 taxes until later in March.

However, those that have done considerably worse in 2020 should file their taxes NOW so that they can receive the maximum $1400 check (if single) or $2800 check (if married filing jointly) when the 3rd impact payment will be distributed to Americans.

Many families did not receive their stimulus checks in 2020 because their 2019 tax returns did not meet the requirements set by Congress for financial assistance. The $1400 check is part of the $1.9 trillion stimulus plan to keep American families alive.

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This material may not be published, broadcast, rewritten or redistributed in whole or part with out the express written permission.

Church Clinic opens door for Church goers

Due to the Pandemic, Christians have not been able to attend church worships for safety purposes, and everything has been limited to online meetings.

Church Clinic, led by Pastor Gi-Sung Son, invites everyone to an online zoom conference meeting between February 22 to 23, 2021 from 7:30 PM to 10:00 PM to meet Pastor Won-Ho Park and discuss what Christians should do during the Coronavirus pandemic as it continues. The official title is “The Pandemic era, Church and God’s World.”

Anyone is welcome to join the event once they register at http://www.churchclinic.net, and they may email for more information at [email protected] The telephone number is 703-334-7602. Pastor Park will attempt to convey God’s words and encouragement for everyone in attendance.

Thanks to Pastor Gi-Sung Son for arranging this clinic for souls struggling during this very global and difficult event. Hope to see many of you there!

 

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This material may not be published, broadcast, rewritten or redistributed in whole or part with out the express written permission.

Life Possible Even at 3,000 Feet Under in Antarctica

Scientists in Antarctica have found life attached to a boulder in the seas under the Filchner-Ronne ice shelf. The evidence of life was located at 2,860 feet of ice and 1,549 feet of water. They are similar to sponges.

The ice sheet itself is massive, spanning more than 579,000 square miles. Generally, enormous icebergs break off of the ice shelves and drift away; in December, one of these broke off and possibly crashed into a breeding ground for sealions and penguins.

These spongey animals seem to be two different types; ones with long stalks, and ones that are round. These animals are at about 160 miles from the open sea. The scientists plan to learn much more about the animals in the future. This certainly opens up ideas of life on the icy moon Enceladus, where the entire moon is surrounded by thick sheet of ice.

“I’m not a Cat”

A video clip of a judicial zoom meeting went viral after an attorney by the name of Rod Ponton anxiously stated to the 394th Judicial District Court in the state of Texas. As the judge observed to Mr. Ponton that he seemed to be using a filter, Mr. Ponton nervously exclaimed that they were attempting to correct the issue, but that he was willing to go forward as a cat if necessary.

He nervously continued, “I am here, I’m just… I’m not a cat.”

The judge responded in turn, confirming, “I… I can see that.”

The viral video was posted by the judge himself, as he explained that he wanted to show how dedicated those in the judicial field were to their duties, even in such difficult times as during the pandemic. Many people delighted in this hilarious situation, many responding that this video positively in a pandemic that has lasted nearly a year.

Third Covid-19 Checks Will go to…

Democrats finally unveiled the details of the third Covid-19 relief package on Monday night. For Americans that are considered dependents including college students and disabled adults, they will be eligible for $1,400 stimulus payments. The previous rounds of stimulus checks were limited to child dependents only.

The new relief package is set up to pay up to $1,400 to individual Americans making $75,000 and couples earning less than $150,000 in adjusted gross income, and there will be a phase out for those with higher adjusted gross income; individuals making $100,000 or more ($200,000 or more for those married filing jointly) will not be eligible. However, AGI used to calculate stimulus payments can be from 2019 or 2020 tax year.

As of Monday, Democrats are not planning to limit the number of Americans eligible for stimulus payments in the third relief package, which is a change from discussions earlier in the month. Republicans wanted to send $1,000 checks to individuals earning up to $40,000 per year ($80,000 for couples), and the Democrats wanted to send $1,400 to individuals earning less than $50,00 and couples making less than $100,000.

Progressives such as Bernie Sanders and Alexandria Ocasio-Cortez have been fighting to get rid of the limits both sides of Congress wanted to impose.

US exits Top Ten on the Innovation Index, South Korea Returns to #1

As the 1st place country in the past seven of the nine years of the Bloomberg’s 2021 Innovation index, South Korea retook first place from Germany for 2021. Singapore and Switzerland follow South Korea as 2nd and 3rd countries respectively.  Unfortunately, the U.S. dropped out of Top 10, as Covid 19’s effect showed the shift in innovation moving even further to East Asia and Europe.

Bloomberg has obtained much of the data from Covid 19 crisis, and it is important to show that South Korea, Germany, and Israel (all highly ranked) have been world leaders in fighting the pandemic, especially in areas of contact0tracing or speedy vaccinations. South Korea’s return mostly had to do with increase in patent activity, ranking at the top. South Korea also showed R&D improvement and manufacturing.

Since 2013, however, the US has been seeing a consistent drop. U.S. is now the 11th most innovative country in the world, no longer dominant in science and engineering. U.S. also scored badly in the area of higher education. Biden has promised to invest $300 billion into R&D and breakthrough technologies. China is currently at 16th place.

Apple and Hyundai-Kia In Talks for Apple Car

Apple is currently close to finalizing a deal with Hyundai-Kia to produce the Apple-car, which will be fully autonomous and assembled in West Point, Georgia.

“Apple Car” is currently in plans to go into production in 2024, although it might be delayed. At the moment, there has been no agreement made yet between the two companies; it is also possible for Apple to contract with another company rather than Hyundai-Kia or work with multiple automakers.

As for why Apple would work with Hyundai-Kia, Hyundai-Kia has a huge market share, and this car would not be a Kia car, but an Apple car. This would also allow Apple to control the software and hardware in the vehicle.

Hyundai-Kia hopes to gain acceleration on the development of their own autonomous vehicles; Hyundai-Kia currently has a joint venture with Aptiv in developing an autonomous vehicles; it is unsure what would happen to their joint venture if Hyundai-Kia makes deal with Apple. Hyundai-Kia plant in Georgia has the available capacity for the Apple contract should it occur.

Many expect that this will put Apple into direct competition with Tesla.

As a result of the news, Apple shares rose 2%.

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This material may not be published, broadcast, rewritten or redistributed in whole or part with out the express written permission.