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.
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.
©2013 Tom Wheelwright (P)2013 Hachette Audio
No, this book was a bit too dry to listen to all in one sitting. Then again, it is a TAX book...
This is a great tax knowledge book, especially if you are invested in real estate. Wheelwright explains the details of the tax law and shows you how to get the most out of your taxes. He teaches you that the tax law is there to benefit the taxpayer, all you have to do is know how to take advantage of it. If you own your own business, especially relating to real estate, this book could save you a ton of money. THIS IS NOT A TAX LOOPHOLE BOOK! This is the cut and dry tax law explained in a new way that enables you to truly take advantage.
I found this book extremely useful and consider it an ongoing tool that I will use over and over.
1. Mandatory depreciation is a magic tax tick? right after telling you that you need to focus on eliminating taxes permanently. He never mentions that depreciation is deducted from your cost basis when the property is sold. (Sorry, mandatory depreciation is not a Magic concept, its not bad, but don't act like you discovered some great strategy!)
2. He keeps promoting the book and other rich dad products as well. I hate to pay for other peoples advertising!
3. Written as an international tax guide makes it too general to do anyone any good. If I am looking for tax ideas in Australia I'll get one for Australia - But I don't live in Australia and don't care about their tax laws.
If you own a business this is a MUST have book, it will pay for itself hundreds of times over. It can get complex and some tricky areas I needed to listen to 3 or 4 times to fully understand it, but very well worth it.
Informative, Clear, Helpful
Everything: information, organization, clarity.
Thanks to the author for being so giving of his knowledge.
This is such a easy-to-listen-to, enlightening book about a "not-so-exciting-subject" that actually makes you excited and interested in learning more about taxes, how they work and how to use the tax law in your favor. I listened to this book twice--just to make sure I got as much as possible out of it, and I'm already implementing a lot of strategies and tips that have made my life easier and my business more tax-friendly and successful.
Lowering your taxes--LEGALLLY--is VERY patriotic! The government rewards you with tax exemptions for doing things they WANT you to do--setting up businesses, creating jobs, investing in housing, etc. The more you learn the more you'll not only want to become wealthy but you'll actually be excited to prepare and create a solid tax plan.
I believe in 10 years I will look back and think this was the audio-book that changed my life. I have listened and read my fair share of business, tax and investing books, but this by far is the BEST one I have ever got my hands/ears on!
Very much so! We are looking at getting highly organized in our business now. Before we just floated by- kinda on a prayer- but it seems easy now to have direction.
Interesting and taxes do not go hand in hand... until now!
Nothing.... Most narrators are boring, to say the least. Not this one!
The only thing I would complain about is that this is only available in audio. I went to the book store to pick up a copy for my in-laws- and it is not in print! Agh...
Robert, get this book in print!!! It is a MUST have in all formats possible.
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