How the Rich Pay ZERO Taxes - Legally - Tom Wheelwright

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Entrepreneurship, Business, Investing

4.1 • 3.9K Ratings

🗓️ 7 May 2025

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

What if everything you’ve been taught about taxes is wrong?

In this episode of the Rich Dad Radio Show, Robert Kiyosaki is joined by longtime Rich Dad Advisor and CPA Tom Wheelwright, author of Tax-Free Wealth. Together, they expose one of the biggest financial truths most people never learn: the tax code isn’t a punishment—it’s a series of incentives designed to reward investors, business owners, and those who create value.

You’ll discover why employees and small business owners often pay the most in taxes, while big business owners and insider investors legally pay far less—or even nothing. Tom breaks down how the rich use the tax code to build wealth, and how you can start doing the same… legally and ethically.

Whether you're a W-2 employee, a solo entrepreneur, or ready to invest in real estate or oil, this episode gives you a roadmap to start making smarter financial decisions—and keeping more of what you earn.

00:00 Introduction
02:21 Tax Strategies for Different Income Groups
03:56 The Benefits of Being an Insider Investor
07:16 Historical Context of Taxes and War
11:55 The Importance of Tax Planning
16:02 Tax Strategies for Different Income Levels
17:18 Investing Like a Big Business
19:57 The Impact of Tariffs on Investments
22:33 Franchising Tax Advisory Services
26:28 Final Thoughts on Tax-Free Wealth

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Disclaimer: The information provided in this episode is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.

The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.

Transcript

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0:00.0	This is the Rich Dad Radio Show, the good news and bad news about money.
0:07.0	Here's Robert Kiyosaki.
0:09.0	Hello, Robert Kiyosaki, Rich Dad Radio Show, broadcasting from beautiful Phoenix, Arizona,
0:14.0	where it's either heaven or hell, and right now it's heaven.
0:17.5	That's the reason people come to Arizona, and then it turns to hell for about three months, and everybody leaves town.
0:25.1	And we have a very important show with you. My guest today is Tom Wheelwright. He's been with me for 20-something years now.
0:32.1	Tom is a CPA, but more than that. He's the author of this book here, Tax-Free Wealth. And the reason we have
0:39.6	Tom on it at this time here is simply because it's tax time. And for those of you who are
0:47.1	Americans and your tax season is over, I hope you enjoyed paying taxes. But Tom is the expert on how you pay no taxes or minimize your taxes legally, and I do mean legally, but tax is a very, very, very big subject.
1:08.4	So please get his book, Tax Free Well,. Even if Tom is not your CPA or your
1:14.0	accountant, read this book and you'll have the proper questions to ask your tax advisor.
1:23.4	Ask your tax advisor the appropriate questions. If they tell you to pay more taxes,
1:30.5	I think you'd better start looking for a new tax advisor. So they can advise you how to pay less
1:36.5	taxes legally. So Tom, welcome to the Rich Dad Show. Thanks, Robert. It's always good to be
1:42.9	on The Rich Dad Show talking about taxes, my favorite subject.
1:46.0	Yeah.
1:47.0	And I will bring this up.
1:48.0	This was book number two of Rich Dad.
1:51.0	It was called The Cash Flow Quadrant.
1:53.0	And it fits right in perfectly to what my rich dad was telling me was my best best friend's father, and what Tom is saying.
2:03.0	So let's go. So, you know, most people say, go to school and get a job and you become an employee.
2:09.9	So Tom, this is worldwide. Approximately what percent in taxes do employees pay?
	...

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