Freedom Checks

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Learn all the Facts about Freedom Checks

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Many people think that the freedom checks are a form of a government social security program. It is an investment vehicle offered by the private sector. The best thing about these types of checks is that they are not taxable. They are provided for in the constitution in a law commonly known as Statute 26-F. The provision was meant to encourage more domestic and foreign investments into the energy sector. The government was keen to transform the sector as it plays a key role in the development of the national economy.

Over 550 enterprises in the energy sector were expected to benefit from this initiative. The investors in the industry were to receive periodic payments from the firms through the freedom checks. Master limited partnerships (MLPs) are companies that are involved in various energy-related activities such as natural gas and oil extraction. Some of the main activities for firms that deal with energy include drilling of oil wells and also moving the oil to refineries or the markets for sale.

For the MLPs to benefit from the checks, they are required to meet certain conditions. For example, they are expected to give out 90 cents for every dollar earned as dividends. The most common term used to refer to the earnings given to the investors is “distributions.” Depending on the amount you invest, you may earn up to $160, 000 after every three months. Just like any form of investment, the higher the level of investment, the higher the potential earnings. Some of the financial analysts have encouraged individuals to take the opportunity offered by Freedom Checks to increase their earnings.

The freedom checks also exempt the investors from taxation. They are only required to pay a small amount of tax from the proceeds of their shares from a firm that qualifies for the checks. Even though the provision has always been in the constitution, many people have never heard of it. When Matt Badiali shared a video on the benefits of the checks, some individuals claimed it was too good to be true. However, a group of researchers found out that the checks were legitimate.