Usually if you hear about receiving a check each month that you don’t have to pay any income tax on, you think of a government benefits check such as social security, disability or unemployment compensation. But there are other checks you can receive that are not government checks and don’t have all the eligibility requirements that government checks have, and you can receive them in either monthly or quarterly payments. These are freedom checks, a kind of payment associated with investments that were discovered by an editor at Banyan Hill, a financial newsletter and advisory publication company. What he discovered about these investments was that practically anyone could get them and they could turn just $1,000 into gains to sometimes as high as $400,000 at the height of their maturity.
Freedom checks are much like regular stocks that you can find on most major listings, but there are a few aspects they have that make them different from other investments. First, they are treated as return on capital from master limited partnership companies which are companies that are registered a little different than most other corporations and that deal in natural resources. Second, the dividends paid in freedom checks are 90% of company income, but since they are classified as return on capital, they are granted tax exemption according to a law known as Statute 26-F which was passed in 1987 as part of a movement to bring an end to foreign oil dependence.
So just how much are these MLPs who’ve increased fracking and domestic oil production going to pay put? According to Matt Badiali, a natural resources expert and investor, freedom checks are looking at a whopping $34 billion to pay their investors over this next year. Even though oil prices may be increasing, foreign oil barrel imports are around the lowest they’ve been in quite some time, and with fracking having a boom, receiving monthly or quarterly freedom checks are not something you want to miss. To find out more about these checks and what Badiali has to say about them, go to www.BanyanHill.com.
For details: affiliatedork.com/34-6-billion-freedom-checks