Rich Dad Advisors: Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes [Unabridged] [Audible Audio Edition] Author: | Language: English | ISBN:
B00B03PDCG | Format: PDF, EPUB
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Tax-Free Wealth is about tax planning concepts and how to use tax laws to your benefit. Tom explains how the tax laws work and how they are designed to reduce your taxes - not to increase them. The audiobook explains how to use the tax laws to your advantage and in ways that will support business owners' vision and growth plans for their companies.
Once listeners understand the basic principles of tax reduction, they can immediately reduce their taxes to the point where, eventually, they may even be able to legally eliminate income taxes and drastically reduce other taxes.
Direct download links available for Rich Dad Advisors: Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes Free PDF
- Audible Audio Edition
- Listening Length: 7 hours and 29 minutes
- Program Type: Audiobook
- Version: Unabridged
- Publisher: Hachette Audio
- Audible.com Release Date: January 29, 2013
- Language: English
- ASIN: B00B03PDCG
Light bulb moment: Wheelwright's stress on the concept that the bulk of the tax code is there to provide incentives for doing one thing or another, and that you can be a lot wealthier by choosing to actively participate in ways the tax system rewards. I really hadn't thought about it in that particular way, but he's spot on. His corollary -- finding a tax accountant who can prospectively guide you into thinking through ideas in this tax-efficient way is also a really good one. I've spent a lot of time learning about my taxes, but this new vantage point has given me a lot of really good ideas that I'll be working on over the next few years, and that will certainly influence some restructuring of my business. (The concept of having one type of entity -- like an S corp -- being a member of another -- like an LLC -- in order to put activities and expenditures in the most helpful place was really illuminating.)
However, the continued statements that anything can be deducted if you just handle it the right way are disingenuous, and some people may try to stretch and get into completely indefensible situations based on his broad and often repeated statement. Everything is not potentially deductible. It is also a very padded book, with the author stretching to increase the word count to make it "book length".
Still it is a helpful book if the ideas are taken with a grain of salt, and it has really helped me think about taxes in a different way.
By Barb
There is so much I could say about Tom Wheelwright's book and still not do it justice. So many of us "common folk" have grown up fearing the tax code because it seems more incomprehensible and scary. Often, the tax collector carries the same ominous aura of dread associated with the boogie man!
But, Tom is extremely intelligent, talented and passionate. And, as we all know, passion drives excellence. Tom's incredibly thorough understanding of taxes from concept to inception makes his insights incredibly valuable. The key value is that he can accurately demystify taxes for nearly everyone to understand. His explanations are easy to follow and the book covers many aspects of taxes to, not only apply to whatever the reader's current financial situation is, but it also explains the simple concepts available to all people to move forward to a brighter financial future. It is very clear that this book is intended for anyone with an open mind to looking at taxes differently and using that knowledge to their own advantage.
This book takes the fear out of being taxed. It brings understanding of how the tax system works and how it can work to the taxpayer's advantage. I bought this book the first day it became available on Amazon and I read it all the way through in 2 days and will keep re-reading it for many years. I even bought a copy and gave it to my tax preparer saying, "Read this. This is how I want to formulate my tax strategies from now on. Let me know if you can keep up."
By Brian Yen
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