Pay ZERO Taxes (Legally!) Rich Dad CPA, Tom Wheelwright @Tom Wheelwright

1 year ago
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Jason Hartman invites Tom Wheelwright, entrepreneur, best selling author, Rich Dad Advisor® & International Authority on Tax to discuss how we as taxpayers can do what the government wants done and get a tax break for doing it! We've heard a lot of discussion in the media and in politics about how the rich don't pay taxes, but maybe they should rephrase the question to why the rich don't pay tax legally. And this is exactly what Tom’s new book, The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make, is all about.

Tom Wheelwright teaches you how any person can use those tax incentives for themselves. Why does the government do this in the first place? The government actually makes more money providing an incentive, than doing the work themselves!

Learn more as Tom and Jason discuss the ins and outs of real estate taxes, tax deductions, home offices, tax credits and government incentives!

0:00 Welcome Rich Dad Advisor® Tom Wheelwright, CPA & author of Tax-Free Wealth
1:07 Tom’s brand new book - The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make
2:15 Income property is the most tax favored asset class in America
3:18 John F. Kennedy was the first president to incentivize manufacturing for tax credits on a larger scale
5:21 The government actually makes more money providing an incentive than doing the work themselves
7:12 Your real estate investing is a business
9:24 LLCs, Schedule C and tax returns
13:26 Should you file individual returns for each entity?
14:29 How do I make expenses deductible?
16:08 Every country has business tax benefits
17:32 Tom’s Win-Win Wealth Strategy
19:20 Changing our tax mindset
20:11 If you put solar on your business property, you get a 26% credit and an 87% deduction
22:23 When Joe Biden came into the office, the benefit started shifting towards renewable energy
24:43 The home office deduction and the 4 rules of business deductions
27:23 Change your facts, change your tax
27:50 Get Tom’s new book at WinWinWeathStrategy.com

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