Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes

If you been studying or following Robert Kiyosaki plus a member of the "Rich Dad, Poor Dad" club, and understand basic financial principles, but somehow still missing a piece of the puzzle and feel like you are moving very slowly toward building wealth----then you must have this Tax-Free Wealth guide. Whatever was holding you back building your financial empire - this masterpiece will fill that void. After finishing this book, you will finally understand all the Rich Dad principles and how they all work together. This book will explain in plain English how and most importantly why Rich Dad principles work to accumulate wealth over your lifetime and beyond so that you can pass that wealth for generations to come. Anyone who will read this book will finally comprehend why "the rich just keep getting richer" and why this statement still holds the truth even in today's unstable economy. However, after learning what this book holds, be prepared to face people who still do not understand how financial principals work and may get offended by what this masterpiece teaches: using the tax code to pay very little tax; or legally paying no taxes at all while having other citizens pay taxes for you. Tax-Free Wealth can also be offensive to people who may experience an "Ah-ha!" moment as soon as they comprehend how some political leaders use the tax code to build lots of, lots of wealthy. At the same time, those leaders hypocritically proclaim that they are "working for the little guy" while robbing their own continually though the legal use of the tax code. For some people, this reality will be hard to deal with. In conclusion, we are positive that author had no intention for this book to be confrontational. However, we must admit the truth about financial world hurts, and this guide will unfold the truth of why "the rich" get rich----and stay rich. I highly recommend this book for anyone who is ready to step up the game and create financial wealth that will last for generation.

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."

I think the principles are sound, but, be careful when you try to follow them. Some glaring points to highlight. (1) For depreciation, there is no mention of the gross income limits. When your gross income goes above 100k, depreciation starts phasing out until 150k when it becomes zero. This basically means that if you are a reasonably high earner, depreciation will not apply to you. (2) For deductions, you have to basically spend money (in most cases) to get deductions. If you manage to deduct everything, that means you have nothing left to live on, which does not make much sense. (3) If you cannot start a business, this book will likely not be of any help to you. I think this book is a worthy read, but for me, it is highly unlikely for me to save anything in taxes after reading it.

Tom Wheelwright is a brilliant and very honest man who really knows the tax code. He does not try to find tax loopholes or gimmicks to lower your taxes, but sound legal ways that the government allows you to lower your taxes. It is one very important factor in your overall wealth strategy. It is also something they never teach you in school. This book is a great introduction to how one can reduce their taxes legally and provides a wealth of ideas and methods on how to do this. My wife and I used several ideas from this book to help us take legal deductions that we did not do beforehand. However, this book is not a one stop shop. It is a good primer to get you started. But you also need an honest and intelligent tax advisor as well. We personally use Tom Wheelwright's company, ProVision, to be both our tax advisor and tax preparer. The book is great and I recommend every American who believes in capitalism to read this and start their own financial education.

Very reader-friendly style that will instantly appeal to anyone who has been made to feel ignorant by their C.P.A. I've even had to question whether the "expert" was too resentful of my good fortune with a particular investment to bring himself to advise me on how to report the gain. Rather than a few basic points about reporting Schedule D investments, he berated me for putting numbers in the wrong column and derided me for my poor penmanship. Now that I see how easy it is, even for a numerical illiterate, to designate the lots that have been sold, I'm even more impatient with paying a professional for such annual humiliations. I mention the foregoing because the author quickly presents the reader with such a scenario, one which proved an exact fit in my case. The problem I'm having with this book is determining whether the edition is the right fit, as it appears I indeed did not receive the latest edition as advertised on Amazon. I bought it new from Amazon in Feb. 2016, and the clincher for me was Amazon's assurance that the book would be the 2nd edition, published in 2015. The edition that I received nowhere is listed as anything other than a 2012 First Edition. Moreover, it comes up about 40 pp. short of the advertised 320 pp. Comparing the copy I received with the preview on the Amazon page was of no help because the preview is from the 2013 Kindle Edition! I'll change the rating as soon as the mistake is corrected or I'm satisfied that one was not made. The one star is simply to alert others to check with Amazon before ordering a book that's a first edition despite being advertised as follows: Series: Rich Dad Advisors Paperback: 320 pages Publisher: RDA Press, LLC; 2nd edition (May 26, 2015) Language: English ISBN-10: 1937832058 ISBN-13: 978-1937832056 Addendum: Since writing the above, I put my question about the edition to the author on his website. Within a couple of hours I received a call from his assistant (or publisher). She directed me to page 81 in the book, where I saw a table of federal income tax brackets with the year 2015 placed on top. Problem resolved. You can order a copy assured that yours is the current edition with the foregoing quick check. As for the page discrepancy, Amazon's number (320 pages) is correct when the Preface and Foreward (both employing separate Roman Numerals) along with almost 20 "filler" end-pages are factored in. Still, hard-copy "book wonks" (like me), not to mention book "nerds" and book "geeks", might prefer a less confusing description on Amazon's page.

Great book! Simple, easy to read, very well written. Thank you very much for putting this book together. I loved it!

Good information, but my 3rd addition had 2 chapter 15s, 2 chapter 16s, and 2 chapter 17s. I was missing some chapters from the book, maybe I got a bad copy and they didn't check that it re-printed the same chapters again. In jumped from the middle of chapter 19 back to the middle of chapter 15, lol and started from 15 to 17 again. Very weird.

Even though I was already aware of some of the information in this book, it confirmed some of the wealth planning ideas I had were true and recommended. He breaks down the main topics into small details and gives examples. I loved it. As I think of it, he gave examples using a business in the last chapter, but implementing these strategies with "infinite banking" or as some people know it the "bank of you" would also work well too. He spells out for you the four things to use to become very wealthy. Best $15 I have ever spent. Oh yeah, I'm the type that gets tired pretty quickly when reading! I don't like reading - MOST OF THE TIME. But with this book I couldn't stop. I remember going to bed very late only to wake up at 4am to go to work. But I didn't care. This book is that good! I even read it at work! :) I purchased this book being it was a recommendation of the elevation group.([...]) -DK-

Wow verry good content

Wonderful.. amazing..

Ce livre nous enseigne sur «les taxes et comment les éviter ou en profiter». Connaître les taux de taxations et découvrir les avantages qu'on y trouve selon nos occupations: employés, travailleurs autonomes ou entrepreneurs, fait toute la différence dans notre taux d'imposition. Vraiment instructif et il faut s'assurer de connaître le comptable ou le fiscaliste qui peut nous faire profiter de ces avantages.

Thanks TOM for this mindset change about taxes ... Waiting for your next book on more advanced techniques that really save us more

If you are paying taxes then you are probably paying too much. Learn to benefit from taxes vice having to pay too much taxes. Tom Wheelwright's "Tax-Free Wealth" offers information on how to legally lower your taxes and also shows you how to benefit from tax credits. Rather than dread paying taxes, find ways to lower your taxes legally.