Your Taxes in 2021

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

🗓️ 30 December 2020

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Are you wondering what will happen with your taxes when Biden takes office? Today’s guest describes what will happen If you are earning ordinary income—working a 9-5 job.
The reality is employees have little control over their money when it comes to taxes. They are at the full discretion of the law, which gives them very little wiggle room.
On the other hand, the rich are excited about the tax cuts. Not because they might make more or less in after-tax income (though the smart ones always will make more), but because they have new incentives built into the law to discover and take advantage of.
One question that gets answered is: Why does the government reward entrepreneurs and investors with tax breaks? Tom Wheelwright, Rich Dad Tax Advisor says, “Because entrepreneurs and investors do exactly what the government wants them to do. “
Host Robert Kiyosaki and guest Tom Wheelwright discuss why it doesn’t matter if Biden’s promises come to fruition because the rich know how to always pay fewer taxes through the government’s incentives.
Website: www.wealthability.com
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Transcript

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0:00.0	Don't Be Like Charlie.
0:03.0	Charlie is that do it yourself or who does himself in.
0:06.5	Do it yourself is good for tile and grout.
0:09.0	It is not good for asset protection.
0:11.5	Charlie thought he'd save a few dollars forming his LLC online.
0:15.5	With no guidance, he did it wrong.
0:17.5	When he sold the property, he lost thousands and thousands of dollars.
0:21.5	He did himself in by trying to do it himself.
0:24.5	Don't burn yourself.
0:26.0	Use corporate direct to set up and maintain your LLCs and corporations.
0:31.0	Corporate direct is owned and operated by attorney and rich dad advisor Garrett Sutton.
0:36.0	Garrett wrote the best seller's loopholes of real estate and start your own corporation.
0:40.5	He is Robert Kiyosaki's attorney for asset protection.
0:44.0	He and his team will do it right.
0:46.0	Visit them at corporatedirect.com or call 800-600-1760.
0:51.5	mention rich dad and receive $100 off your formation fee.
0:56.0	That's corporate direct.com.
0:58.0	corporate direct.com
1:01.0	Did you hear about rich dad's new podcast Millennial Money?
1:05.0	Don't you want the truth about money and not just the lies and media selling you?
1:09.0	Don't you want to control your own future?
1:12.0	Then join me, Alexandra Gonzalez-Gonesa, as I interview the number one personal finance author in the world.
	...

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