Series: Rich Dad Advisors
Paperback: 320 pages
Publisher: RDA Press, LLC; 2nd edition (May 26, 2015)
Language: English
ISBN-10: 1937832058
ISBN-13: 978-1937832056
Product Dimensions: 1 x 6.2 x 9.2 inches
Shipping Weight: 12 ounces (View shipping rates and policies)
Average Customer Review: 4.3 out of 5 stars See all reviews (195 customer reviews)
Best Sellers Rank: #5,205 in Books (See Top 100 in Books) #1 in Books > Business & Money > Taxation > Corporate #2 in Books > Business & Money > Taxation > Personal #2 in Books > Business & Money > Taxation > Small Business
For what it's worth, the book is a good value for the money and here I'll attempt to present my honest overview of what it is, what you can expect, and what not to expect.The book is written in plain English and attempts to explain in a straightforward way how taxes work and how as an investor you can benefit from the tax code, and what to be careful with. He does this by giving a few examples along the way that illustrate his point. To that I will add that some of his advice is overly vague filled with very general rules that the average person may find themselves scratching their heads, thinking, would that even apply to me, or, what the ____? I say this because the tax code is 10s of thousand of pages long and there is no way that a non technical book with about 250 pages is going to even scratch the surface of the behemoth that we have all come to love and embrace.What you should not expect from this book is a silver bullet that starting next year you tax liability is going to drop by 50%. You can think of it as something like a financial crystal ball that gives you a handful of clues with little glimpses into the future but never giving you a solid answer. With the exception of a few things like cost segregation and accelerated methods of depreciation the rest of the strategies are going to require homework, research, and the help of a good accountant who is willing to work with you for a reasonable price and be knowledgeable in your industry. Remember, not all accountants are created equal and most of the states with the exception of a few have multiple levels of taxation that are not bound by federal law.Overall the price to value ratio is pretty good regardless of your income tax IQ, even if you get nothing new of value it's an entertaining read.
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