Matt Badiali publicized a video that was viewed by millions in the United States. The video was about “freedom checks, “which Badiali claims to be not the standard form of investment like the social security, the 401k, and Medicare. Hence, the majority of his viewers were not sure what kind of investment he was talking about.
To make it more interesting, he claims that the freedom checks provides more benefits since the amount they contain is three to four times larger in contrast to the standard check amounts that come from the Social Security. Read more reviews at stockgumshoe.com for more info.
He further reveals that the companies or corporations, who issue the cited checks, operate without the need to shell money out for taxes. However, they must abide by the following regulations:
- First, the corporations must generate ninety percent of their income from the manufacturing, handling, storing, and transporting of oil and gas inside the United States.
- Second, the companies should agree to reward shareholders with the checks. Most freedom check profiteers take home about $124,000 to $643,000 per year.
It has been verified that the freedom checks were ratified by the United States Congress in 1987. Therefore, it is legal. Currently, 568 business entities who meet the provisions incorporated in the Statute 26-F, and they are allowed to give out the said checks.
Matt Badiali was able to uncover the said checks while he was still working as a financial adviser on a specific project that required him to travel internationally and get acquainted with CEOs of the oil and mining industries.
Companies who pay out the checks must manufacture their oil and gas products in the U.S. and must likewise harvest it from the oil fields in the country like the Permian Basin, Marcellus Shale, and Bakken Shale and should recompense stockholders with 90% of their profits. And this is where the companies get the money to pay out the said checks.
Freedom checks are not taxed because they are deemed as capital and not personal wages. So, investors for these specific types of companies are not required by law to recompense taxes.
The Master Limited Partnership or MLP is a form of investment that is transacted on an exchange that provides essential tax benefits to limited and general partners. MLPs are designed to benefit from the flow of cash since they are mandated to dispense all obtainable cash to stakeholders. Additionally, MLPs minimize the capital cost in an intensively capitalized venture like the energy industry. See more: https://moneymorning.com/2018/03/08/the-truth-about-freedom-checks-not-a-scam/