Now updated for the new tax laws! 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 you taxes – not to increase them. The audiobook explains how to use the tax laws to your advantage
Now updated for the new tax laws!
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 you 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 being immediately reducing 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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W2 Wage Earners Don’t Bother Buying According to this book, the only way to save money on your taxes is by starting a business, becoming a landlord, or investing in high risk commodity based things like oil wells, farms, and wind mills. Youâre out of luck if you are a W2 based wage earner, just pay your taxes and enjoy being broke.This book is full of ridiculous ideas but, here are few of the more nonsensical tax saving strategies: Start a business and hire your kids. Start a business and make your kids partners…
An essential In this book, Tom Wheelwright describes how paying high taxes can hinder an individual’s ability to achieve financial freedom as well as their other goals in life. While lower than in some European countries, taxes in the US are fairly high (>25%), especially for single individuals who earn W2 income (employees), and many traditional methods of reducing one’s tax bill are subpar since they focus on temporary tax deferral rather than permanent tax reduction. More importantly, however, Tom gives…
Ethically Sketchy and Not for Anyone Who Doesnât Already Have $$$$ Agree with other reviewers who say this book is half filler and half borderline unethical advice like hire your kids as business partners so you can be taxed at their income rate. At any rate, even if one wanted to partake in some of these questionable âtipsâ one would need to consult oneâs âteam of tax advisors and lawyerâ…like….who has that kind of money? Oh, people who already have massive wealth. And also, this writer admits he bought he first business with a loan from his parents (and…