The Rich Dad Channel, Released on 9/28/20
You can tell that the presidential race is heating up because the attacks on Donald Trump from the mainstream media are heating up too. Over the weekend, The New York Times revealed that President Trump has paid little if any in taxes in the last 15 years. This might shock many voters, but if you study Rich Dad Poor Dad, you know that the “rich don’t pay taxes, legally.” 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. Everyone wins. 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 a lower or zero-tax burden. In this update from Robert Kiyosaki, he tells viewers why people like Donald Trump pay very little in taxes, sometimes nothing, because they are doing exactly what the government wants them to do.
Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the top ten spots on Nielsen Bookscan List’s Life-to-Date Sales from 2001-2008 alone. Robert is an educational Entrepreneur and real estate tycoon, co-creator of the CASHFLOW® board game, founder of the financial education-based Rich Dad Company and author of New York Times Bestsellers: Rich Dad’s Conspiracy of the Rich, and Unfair Advantage: The Power of Financial Education. Robert Kiyosaki is among the first to have warned Americans of an impending collapse in the US real estate market, famously prophesizing, “Your home is not an investment,” years before the Panic of 2008. His latest book is Fake: How Lies are Making the Poor and the Middle-Class Poorer.