Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors)
This bookThe book "Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors)" was written by Tom Wheelwright and it has 320 pages for you to enjoy.
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Synopsis, Summary or DescriptionNext Section
Tax-Free Wealth by Tom Wheelwright provides an insightful and comprehensive guide for building massive wealth by permanently lowering taxes. The author explains how taxes are one of the biggest expenses in our lives, yet we often overlook the importance of tax planning. Wheelwright stresses the need to understand the tax code to take advantage of its many tax breaks and incentives. He offers practical strategies that readers can use to minimize their tax obligations and keep more of their hard-earned money.
The book covers a range of topics related to taxes, including different tax brackets, deductions, tax credits, and exemptions. It offers tips for maximizing retirement accounts, creating asset protection entities, and structuring businesses in a tax-efficient way. The author explains how to legally avoid or defer taxes on capital gains, passive income, real estate investments, and other sources of income. He provides real-life examples of how the tax code can work in your favor, as well as common mistakes to avoid.
One of the key takeaways from Tax-Free Wealth is the importance of understanding the difference between active income and passive income. The author explains how passive income, such as rental income, capital gains, and dividends, is taxed at a lower rate than active income, such as wages and salaries. By creating passive income streams, readers can reduce their tax liabilities and build long-term wealth.
Overall, Tax-Free Wealth is a must-read book for anyone looking to build wealth and minimize their tax burden. The author's clear and concise writing style makes complex tax concepts easy to understand, and his practical advice is backed up by years of experience as a tax advisor. Whether you're an entrepreneur, investor, or simply looking to reduce your tax obligations, this book will provide you with the tools and knowledge you need to succeed.
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| Title | Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors) |
| Author(s) | Tom Wheelwright |
| ISBN | 9781947588059 1947588052 |
| Publisher | BZK Press |
| Page Count | 320 pages |
| Publication Date | Monday, June 25, 2018 |
| Is it possible to read online? | Check here |
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Note to the Author Tom Wheelwright
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