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

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

by Tom Wheelwright

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Tax-Free Wealth is about tax planning concepts. It’s about how to use your country’s tax laws to your benefit. In this book, Tom Wheelwright will tell you how the tax laws work. And how they are designed to reduce your taxes, not to increase your taxes. Once you understand this basic principle, you no longer need to be afraid of the tax laws. They are there to help you and your business—not to hinder you.

Once you understand the basic principles of tax reduction, you can begin, immediately, reducing your taxes. Eventually, you may even be able to legally eliminate your income taxes and drastically reduce your other taxes. Once you do that, you can live a life of Tax-Free Wealth.

Product Details

ISBN-13: 9781937832407
Publisher: RDA Press, LLC
Publication date: 02/28/2013
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 320
Sales rank: 208,890
File size: 4 MB

About the Author

Tom Wheelwright, CPA, is the creative force behind ProVision, a strategic CPA firm, and one of Robert Kiyosaki’s team of Rich Dad Advisors.

As founder and CEO, Tom has been responsible for innovating new tax, business and wealth consulting and strategy services for ProVision's premium clientele for the past 16 years. For more than 30 years, Tom has devised innovative tax, business and wealth strategies for sophisticated investors and business owners in the manufacturing, real estate and high tech fields. His passion is teaching these innovative strategies to the thousands who come to hear him speak. Tom has participated as a keynote speaker and panelist in multiple roundtables, and led ground-breaking tax discussions challenging the status quo in terms of tax strategies.

Tom is a leading expert and published author on partnerships and corporation tax strategies, a well-known platform speaker and a wealth education innovator. Donald Trump selected Tom to contribute to his Wealth Builders Program, calling Tom "the best of the best." Robert Kiyosaki, bestselling author of Rich Dad Poor Dad, calls Tom "a team player that anyone who wants to be rich needs to add to his team."

With a background that includes a wide variety of professional experience—ranging from Big 4 accounting, where he managed and led the professional training for thousands of CPAs at Ernst&Young’s National Tax Department in Washington, D.C., to in-house tax advisor for Pinnacle West Capital Corporation, at the time a Fortune 1000 company—Tom’s experience is extensive and varied. He also served as an adjunct professor in the Masters of Tax program at Arizona State University for 14 years.

Table of Contents

Preface xiii

Foreword Robert Kiyosaki xv

Introduction xix

Part 1 How the Tax Law Can Be Your Best Friend

Chapter 1 Taxes are Stealing Your Money, Your Time and Your Future 3

Chapter 2 Taxes are Fun, Easy, and Understandable 11

Chapter 3 The Two Most Important Rules 17

Chapter 4 Put Money Back In Your Pocket-Now 23

Chapter 5 Entrepreneurs and Investors Get All the Breaks 29

Chapter 6 You Can Deduct Almost Anything 39

Chapter 7 Depreciation: The King of All Deductions 51

Chapter 8 Earn Better Income 63

Chapter 9 Take Advantage of Your Tax Brackets 79

Chapter 10 Credits: The Cream of the Tax-Saving Crop 93

Chapter 11 Conquer Your Employment Tax Troll 103

Chapter 12 Lower Your Property, Sales, and Value-Added Taxes 113

Chapter 13 Estate Planning is Good Tax Planning 125

Chapter 14 Reducing Your Taxes in Other Locations 139

Part 2 Your Tax Strategy for Tax-Free Wealth

Chapter 15 Plan to Take Control of Your Taxes: Entities 153

Chapter 16 Protect Your Wealth from Pirates, Predators, and Other Plaintiffs 167

Chapter 17 Plan to Retire Rich, Not Poor 181

Chapter 18 Business Can be Your Best Tax Shelter 195

Chapter 19 The Magic of Real Estate 207

Chapter 20 Stocks Can Lower Your Taxes Too 217

Chapter 21 Commodities Can be Your Tax Friend 227

Chapter 22 Don't Fear the Reaper Audit 237

Chapter 23 Choose the Right Tax Advisor and Preparer 251

Chapter 24 What Are You Going to do With All Your Extra Money? 263

Epilogue: Tax-Free Wealth-A Few Final Thoughts 279

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