Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

How the Rich Pay ZERO Taxes - Legally

12 snips
May 7, 2025
Join Tom Wheelwright, a seasoned CPA and author of Tax-Free Wealth, as he uncovers the financial truths behind the tax code. He reveals how the wealthy leverage tax strategies to pay little to no taxes legally. Discover the disparities between employees and big business owners, the importance of tax planning, and innovative investment strategies such as real estate and hard assets. Tom also discusses how understanding tariffs can impact your investments and why shifting to gold and silver might be the smart move to protect your wealth.
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INSIGHT

How Different Groups Pay Taxes

  • Employees pay about 40% taxes, while small business owners or self-employed pay around 60%.
  • Big business owners pay about 20%, and insider investors can pay as little as zero percent in taxes.
INSIGHT

Tax Code Incentives Explained

  • The tax code is designed to incentivize entrepreneurs who create jobs and productive assets.
  • Employees and small business owners face higher taxes because incentives favor big businesses and insider investors.
ADVICE

Start Tax Planning Early

  • Start tax planning early, not just at year-end when it's too late.
  • Find a tax advisor who helps you minimize taxes legally and ethically, or change advisors.
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