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

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 AdvisorsPaperback: 320 pagesPublisher: RDA Press, LLC; 2nd edition (May 26, 2015)Language: EnglishISBN-10: 1937832058ISBN-13: 978-1937832056Addendum: 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.

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.

Wonderful.. amazing..

Wow verry good content

Tax 101.Appreciate the informative and concise format. Easy to digest. I finished it in like a day or two in total lol.Getchaweightup. !!

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