Tax Free Wealth PDF By Tom Wheelwright

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Tax Free Wealth book pdf download for free or read online, also Tax Free Wealth pdf written by Tom Wheelwright. Tom Wheelwright, CPA, is the creative force behind Wealthability, the world’s leading tax-exempt wealth movement serving entrepreneurs and investors around the world. As Founder and CEO, Tom has been responsible for innovating new tax, business and wealth consulting and strategy services for premium clients for the past 22 years. Tom is a leading expert and published author on partnership and corporate tax strategies, a renowned forum speaker and an innovator in wealth education. 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, called Tom “a team player that anyone who wants to be rich should add to their team.” In Robert Kiyosaki’s book, “The Real Book of Real Estate,” Tom himself is the author of chapters 1 and 18 of this book. Tom also contributed to Robert Kiyosaki’s Rich Dads Success Stories. Who Got My Money?, Unfair Advantage, and Robert’s Contributions of Why the Rich Are Getting Richer. Tom has written numerous articles for publication in major professional magazines and online resources and has spoken to thousands of people in the United States, Canada, Mexico, Asia, South America, Africa, Europe and Australia. For more than 35 years, Tom has designed innovative tax, business and funding strategies for sophisticated investors and business owners in the manufacturing, real estate and high-tech sectors. His passion is teaching these innovative strategies to the thousands of people who come to hear him speak. He has participated as a keynote speaker and panelist at several round table conferences and has led innovative tax debates challenging the status quo in terms of tax strategies. Tom has a variety of professional experience ranging from Big 4 accounting, where he managed and led professional training for thousands of CPAs at Ernst & Young’s National Revenue Department in Washington, DC, to the in-house tax council for Pinnacle West . The corporation was a Fortune 1000 company at that time. Tom also served as an adjunct professor in the master of taxation program at Arizona State University for 14 years, where he created courses to teach multi-state tax planning techniques and taught hundreds of graduates. student. He currently teaches tax and asset protection classes with fellow Rich Dad advisor, Garrett Sutton. Tom holds a Master of Professional Accounting from the University of Texas at Austin and a Bachelor of Arts degree from the University of Utah.

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BookWhere The Sun Never Sets
AuthorTom Wheelwright
Size2 MB

Tax Free Wealth Book PDF download for free

Tax Free Wealth Book PDF download for free

31 Years Later… Major Tax Reform, and What It Means for You The actual review of the tax law only happens once every 30 years. In the past 75 years, there have been only three major amendments to US tax law; One in 1954, the next in 1986, and most recently in late 2017. In 1986, he was manager at the National Tax Department (NTD) for Ernst & Winnie (now Ernst Young). During my three years my main responsibility was to create, teach and administer tax courses for firm’s tax professionals in the US. As I arrived in the summer of 1985, I found that most of NTD’s resources were dedicated to them. Follow up on a tax reform bill introduced that year. It gave me, as a young tax professional, a wonderful perspective on the legislative process, as well as negotiating the horses for tax reform. President Reagan wanted two things; Simplicity (the 1985 law was called the Tax Simplification Act of 1985) and wanted it to be revenue neutral (no net increase in deficit). Another year passed before the bill was finally passed as the Tax Reform Act of 1986. (Simplicity outweighed other reform goals.) In 1986, the big winners of tax reform were individuals with significantly lower tax rates (which were not relatively complete) and businesses. The big loser was the real estate investor. (The passive loss rules were used as a last-ditch effort to create a “revenue neutral” bill. Fast forward 31 years to 2017 through RTC (Resolution Trust Corporation) President Trump had promised economic stimulus and stumbled upon the failure to repeal Obamacare. Everyone thought tax reform would take two years as it did in 1985 and 1986. Instead, the Republican-controlled Congress launched a major tax in record time. The reform was able to use simple procedural rules to pass (less than three months from start to finish) and whose applications are still largely unknown. Clear winners and losers are known. Losers include deducted employees. Transfer , investment expenses, and income reductions from home mortgage interest deductions and state income tax deductions. Winners include large corporations, with a 35% tax deduction, large corporations, with a 35% to 21% tax deduction, small businesses, 20% Net income with deductions, and real estate, with significant depreciation incentives and a 20% net income deduction given to other small businesses. The key to remember is that very few people had a chance to influence this law. Everyone has an equal opportunity to take advantage of the benefits that the winners get. Employees can choose to become independent contractors and receive a 20% small business deduction. Service professionals who missed the 20% deduction can now convert to C corporations and reduce their tax rate to 21%. Investors seeking a tax break for the cost of investing in the stock market can start investing in real estate with its huge tax benefits, or invest through their Roth IRA or Roth 401(k) and keep their investments. You can completely avoid taxes on income and profits.

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Tax Free Wealth Pdf Download

Tax-Free Wealth is about using the tax law the way it should be used: as a series of incentives for the government to do what it wants you to do. This second edition covers some ideas on how to use the new incentives. The reality is that incentives don’t really change that much. The government still wants companies to hire employees, so companies get tax benefits for doing so. The government still wants investors to provide housing to tenants (even more so now), so real estate investors get big tax breaks to meet government targets. Energy support continues for both conventional energy (oil and gas and coal) and renewable energy (wind, solar and hydroelectricity). For US taxpayers, you’ll find helpful tips in this new edition to help you apply the new tax incentives to your situation. As a bonus, I’ve included information and a link to a free eBook that you can download detailing the top ten tax benefits of Trump’s tax reform. For those of you who live outside the United States, and no matter what country you live in, this edition will help you find ways to implement your government incentives. You may also decide that now is the time to do business in the United States as that country. It is somewhat of a tax haven. You can take advantage of tax incentives offered by your government only if you understand how the tax law works. Every day you have the opportunity to reduce your taxes. Once you’ve digested this book, take it to your tax advisor and ask them to read it (or better yet, buy their own copy). Then your tax advisor, who is responsible for understanding all the technical details of the law, can help you apply it to your specific situation. Enjoy this book and let me know what you think.

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