Most people will find the idea of using taxes to your advantage as absurd, or impossible. Today, taxes are killing many people financially. Do you look at your paycheck every month and wonder where all your money is going? I’ll tell you. It’s going to the people who know how to use taxes to make money rather than lose money; it’s going to people like me.
As you’ll find out more in this eBook, governments write the tax codes to incentivize investors and entrepreneurs to behave how the government wants them to. So, if a government wants more affordable housing, they’ll provide some great tax incentives to motivate developers to build affordable housing.
The problem is that the governments still have to pay their bills. So whom do they tax? They tax the middle class. And they use those taxes to subsidize people like me who provide what the government wants in order to get tax breaks.
Tom Wheelwright, my Rich Dad Advisor on taxes, and I see taxes as government incentives and economic stimulus to keep the wheels of the economy greased and moving. That is how my rich dad saw taxes. He simply saw himself doing what the government wanted done, and in return, the government offered him tax breaks. I want you to know that you can also use the tax code to your advantage to help you make money—or at the very least, greatly reduce your tax burden. All you have to know are the rules and how to play by them.
Over the years, I have lost a lot of money to taxes simply because I had high-priced, well-educated CPAs who were not the brightest matches in the box—that is until I met Tom Wheelwright. For years now, Tom has been my guiding light, allowing me to do what I do best, which is build businesses, invest, create jobs, and make money, all the while paying less and less in taxes...legally.
And that’s why I’m very happy that my friend and personal tax advisor, Tom Wheelwright, wrote this eBook with me. To me, there is no better person to explain how taxes work, how the tax code can help you grow richer, and who can—I’m not kidding—make taxes fun. I think you’ll find, as I have, Tom’s passion for taxes—and helping you save money in taxes—to be infectious. And I know you’ll find the wealth of knowledge he brings to the table to be life changing. He brings good news: you don’t have to let taxes kill you financially. The rules in the tax code, whether you know it or not, are there to help you—not harm you. If you want to earn more and pay less in taxes by doing what the government wants and needs done, this is the book for you.
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