Read ePUB Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors)Author Tom Wheelwright –

Afteryears Major Tax Reform and what it means to youTrue overhaul of the tax law only happens about once everyyears In thepastyears, the US tax law has only seen three major revisions one in ,the next inand most recently at the end ofI have been fortunate asa tax professional to be heavily involved in the last two reformsIn , I was a manager in the National Tax Department NTD ofErnst simplicity theact was call the Tax SimplificationAct ofand he wanted it to be revenue neutral no net increase to thedeficit It took another year before bill was finally passed as the Tax ReformAct ofSimplicity took a back seat to other goals of the reform Inthe big winners from tax reform were individuals, with significantlylower tax rates, insurance companies who got by relatively unscathed and businesses The big loser was real estate investors the passive loss ruleswere used as a last ditch effort to make a revenue neutral bill The result afew years later was the Savings and Loan debacle accompanied by a massivereal estate depression and the government bailing out real estate throughthe RTC Resolution Trust CorporationFast forwardyears toPresident Trump had promised economicstimulus and had stumbled out of the blocks with the failure to repealObamaCare Everyone thought tax reform would take two years to completelike it had in Instead, the Republican controlled Congress wasable to use slick procedural rules to pass major tax reform in record time lessthan three months from start to finishThe result was a bill the consequences of which and application of whichare still largely unknown Known are the clear winners and losers Losersinclude employees with lost deductions for moving, investment expensesand reductions in home mortgage interest and state income tax deductionsWinners include big corporations, with a major tax reduction from % tobig corporations, with a major tax reduction from % to%, small businesses, with a % net income deduction, and real estate, withmajor depreciation incentives and the % net income deduction given toother small businessesThe key to remember is that very few people had the chance to influencethis legislation Everyone has the same chance to take advantage of the windfallsgiven to the winners Employees can choose to be independent contractorsand receive the % small business deduction Service professionals who wereleft out of the % deduction can now become C corporations and reducetheir tax rate to % Investors who received tax benefits from the costs ofinvesting in the stock market can either begin investing in real estate, with itsmassive tax benefits, or invest through their Roth IRA or Rothk andavoid tax altogether on the income and gains from their investmentsTax Free Wealth is about using the tax law the way it s meant to be used as a series of incentives to do what the government wants you to do ThisSecond Edition incorporates some ideas of how to use the new incentives Thereality is that the incentives don t really change that much The governmentstill wants businesses to hire employees, so businesses receive tax benefitsfor doing so The government still wants investors to provide housing forrenters evenso now , so real estate investors receive large tax breaks forfollowing through on the government s goals Energy is still favored, bothtraditional energy oil gas and coal and renewable energy wind, solar andhydroelectricFor US taxpayers, you will find helpful tips in this new edition to helpyou apply the new tax incentives to your situation As a bonus, I have includedinformation and a link to a free eBook that you can download detailing theTop Ten Tax Benefits from the Trump Tax Reform For you who live outsidethe United States, and no matter what country you live in, this edition shouldhelp you look for ways to apply your government s incentives You may evendecide that now is the time to do business in the United States as that country, to some degree, a tax havenYou can take advantage of the tax incentives offered by your governmentonly if you understand how the tax law works Every day, you have theopportunity to reduce your taxes Once you have digested this book, take itto your tax advisor and have them read it or better yet, buy them their owncopy Then your tax advisor, who is responsible for understanding all of thetechnical details of the law, can help you apply them to your specific situationEnjoy this book and let me know what you think You can always reachme at team wealthability Here is to your Tax Free Wealth