Matt Badiali went to Penn State University, where he graduated with a bachelor’s degree in Science. To enhance his knowledge, he went ahead and attended Florida Atlantic University where he graduated with a Master Degree of Science in Geology. His expertise has enabled him to travel to several countries to inspect mines and wells. These countries include Turkey, Singapore, Iraq, Hong Kong among others. His experience in geology enabled him to know more truth about the investments. This knowledge helped him to introduce something new in the world called Freedom Checks.
He used video to explain Freedom Checks to the world. In the video, he told people that everyone could benefit from these checks regardless of their age, how much money they make or their current financial position. These Checks look similar to the check that government issue for a tax refund. A lot of people see this as a scam and too good to be true. Sometimes when people hear Freedom Checks they think is a federal program but it is not a government project. However, this program wouldn’t operate without federal law. It allows energy-related businesses to have a generous contribution to their investors. These firms are known as master limited partnerships.
MLPs play many vital roles in the oil and natural gas industries. The MLPs transport fuel via pipelines, run refineries, as well as well drill. To get special tax exemptions, investors must receive from them 90 cents of every dollar in earnings. These Freedom Checks are similar to dividends, but they are referred to by many MLPs as distributions. Some shareholders are able to receive up to $160,000 after every three months.
In 1987, Statue 26-F was enacted by Congress in the United States. Companies that meet the highlighted requirement in the Statue are free to present to the government their stakeholders with these checks. The government has allowed all of them to operate as tax-free entities. Companies operating businesses in transportation, processing, and distribution are required to give 90 cents of their returns to their shareholders. Distributions of this revenue being one of the requirement Matt Badiali suggests to the companies to be distributing these Freedom Checks after every month or quarterly throughout the year.