Every day I learn something new about the financial world. And Robert Kiyosaki has been helping me understand money in a way that no one ever has before.
Many people wonder how the rich keep getting richer while everyone else is financially stagnant…
Today, Robert teaches us how they’re keeping it up by using tax codes in their favor.
A report published in The New York Times last month detailed how Trump’s core businesses of casinos, hotels and apartment buildings had lost $1.17 billion over a decade, allowing him to avoid paying income taxes for eight of those 10 years.
In short, the many credits and breaks that are found in the tax code are there precisely because the government wants you to take advantage of them. For instance, the government wants cheap housing.
Because of this, there are many tax credits for affordable housing that developers and investors can take advantage of that minimize their tax liability, put more money in their pocket and in turn create affordable housing.
There are many scenarios like this in the tax code that incentivize investors and entrepreneurs to do activities the government is looking for while rewarding those who take those actions with lower or zero-tax burden.
Because of this, limiting your tax liability actually means you’re doing what the government wants you to do through the tax code. And that is the most patriotic thing you can do.
For more information on keeping your money you cannot go wrong but to research what Robert Kiyosaki has to say on the matter
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