Understanding taxes and utilizing legal tax strategies can significantly impact your financial success from "summary" of Cashflow Quadrant: Rich dad poor dad by Robert T. Kiyosaki
Understanding taxes and utilizing legal tax strategies can significantly impact your financial success. Taxes are one of the biggest expenses that most people have. For many people, the biggest bill they pay is their tax bill. For employees, taxes are their largest expense. For the self-employed, taxes can also be a huge burden. The tax code is written to reward those who provide jobs and housing. The more people you employ, the more the government rewards you for providing jobs. The more housing you provide, the more the government rewards you for providing affordable housing. The tax code is also written to reward those who take risks. The more risks you take, the more the government rewards you with tax incentives. The tax code is also written to reward those who invest in assets. The more assets you own, the more the government rewards you with tax breaks. The tax code is also written to reward those who start and own businesses. The more businesses you start and own, the more the government rewards you with tax advantages. The tax code is also written to reward those who give to charity. The more you give to charity, the more the government rewards you with tax deductions. The tax code is also written to reward those who save for retirement. The more you sav...
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