Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes

This summary describes the evolution of major tax reforms in the U.S. over the past 75 years, highlighting key changes and their impacts. The author, a tax professional, shares insights from his involvement in the last two major tax reforms. In 1986, significant changes included lower individual tax rates and the introduction of passive loss rules, which negatively impacted real estate investors. The 2017 reform, passed rapidly under President Trump, created winners like big corporations, small businesses, and real estate with substantial tax cuts and deductions. The book “Tax-Free Wealth” emphasizes using tax laws as government incentives and provides strategies for leveraging these incentives. It includes tips for U.S. taxpayers and encourages global readers to explore tax benefits in their countries, suggesting that the U.S. might be considered a tax haven. The author stresses the importance of understanding tax laws to reduce taxes and suggests consulting tax advisors to apply these laws effectively.