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.
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3 Big problems
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.
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.
- Client Kindle