Matt Badiali made news recently with his viral video in which he flaunts a fat check. The check is tempting for many reasons. Apart from the fact that it bears a huge sum in payment, it has some semblance with the kind of checks that are issued by the US Treasury; creating an impression that they are issued by the government of the United States. While there is an element of government involvement, it has come to emerge that the checks aren’t really from some kind of government programs such as Medicare or anything like that. However, for the Freedom checks to see the light of day, the issuer must have fulfilled some expectations as outlined in Statute 26-F. Read this article at Affiliate Dork.
The Genesis of the Freedom Checks
Sometime in 1987, the US Congress passed legislation that established what has now come to be known as Master Limited Partnerships. It is a program that allows some companies to operate tax-free. The companies must meet some minimum requirements though. Two major requirements must be fulfilled for a company to stand a chance of being admitted into the MLPs. Such a company must be generating 90% of its returns from oil exploration and transportation in the USA. Secondly, that such a company must issue out 90% of its profits to its shareholders. So Matt Badiali is right in several ways, that if you invest in such a company, you stand a chance of receiving a huge check. Currently, there are 568 Master Limited Partnerships companies in the USA. The rationale behind tax exemption for such companies is that it is such companies that make America energy sufficient. Matt Badiali stumbled on the facts of the checks from MLPs when he was doing projects for a big Player in the oil and gas industry. He had a chance to interact in depth with the CEOs of various oil and gas companies. So, he extracted the invaluable information about what he has come to refer to as Freedom Checks
The Value of the Checks
The Checks have been noted to have better returns than government programs such as 401(k). According to the information available regarding the checks, currently, Master Limited Companies will pay out over $ 3.6 billion dollars in dividends by the end of 2018. Given that the companies are limited in number, that’s a huge figure by any estimates. Matt Badiali calls them Freedom because with such returns Americans can get the financial freedom they so yearn for. The money paid out through the checks can also be an important economic catalyst. Check: http://www.agoranews.com/posts/pTQvXd7aMYrovWx7Y/matt-badiali-s-freedom-checks-exposed