Is paying taxes "patriotic," or a just a way for the government to take
up 60% (or more) of your hard-earned money?
What if what was actually "patriotic," was to not pay taxes (legally) and instead, do exactly what the government wants you to do, so you can - not pay taxes - legally?
If you're familiar at all with best selling author Robert Kiyosaki who wrote,
"Rich Dad Poor Dad" and Tom Wheelwright (his personal CPA), you already know the answer to
the question above.
My argument in this blog post today will be that it is "patriotic" to pay as little (if not zero) taxes as legally possible by doing exactly what the government wants you to do.
Invest and take risks in assets like:
In short, investing in the exact types of asset classes that the government wants you to invest in, allows you the same "tax loopholes" (which are not loopholes, but tax incentives for people who take the risks that the government cannot do - or won't do) that the rich leverage everyday to get richer and richer, while paying less and less taxes - legally (and ethically).
The federal tax code is comprised of 5,800 pages. 5,770 of those pages show you and I how to reduce our taxes, while 30 of them raise our taxes.
What's the catch?
You have to invest in what the government wants you to invest like:
Since the government cannot (and should not) try to do what only the private sector can do, and that's stimulate the economy, provide housing, etc., the government recognizes this fact from the start and instead encourages folks like you and I to take educated risks and do all of the above ourselves.
And when we do create job growth, provide housing, and more, the government federal tax code reduces (if not eliminates) our taxes, depending upon where we are within the Cashflow quadrant that Robert Kiyosaki often speaks about:
You can learn more in this great video by Mr. Kiyosaki, "60 Minutes To Getting Rich."
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