Loopholes of the Rich: How the Rich Legally Make More Money and Pay Less Tax [Abridged, Audiobook] [Audio CD]

Diane Kennedy (Author), Robert T. Kiyosaki (Author)

Book Description

Publication Date: December 1, 2002

In easy-to-follow and straightforward language, this guide teaches business owners how to pay only those taxes which are due to the government - and save the rest. By learning the rules that the wealthy play by, business owners can take advantage of legal tax deductions to cut their annual tax payments.

Editorial Reviews

About the Author

Diane Kennedy is a Tax Strategist. She lives in Phoenix, Arizona

From AudioFile

If you're looking for some nifty legal hiding places for your money or clever investment advice, LOOPHOLES delivers. Much of the recording concerns basic money wisdom that can be found in many other places. But the production saves itself in the final reel with some truly inspired money-enhancing tax strategies, earnestly delivered by its author, a C.P.A. who knows the warrens of the IRS mind intimately. This set would be improved by the inclusion of a booklet in which to enter your own data. D.J.B. © AudioFile 2003, Portland, Maine-- Copyright © AudioFile, Portland, Maine

Product Details

• Audio CD
• Publisher: Time Warner Audio Books; Abridged edition (December 1, 2002)
• Language: English
• ISBN-10: 1586214624
• ISBN-13: 978-1586214623
• Product Dimensions: 6.9 x 6.3 x 0.7 inches
• Shipping Weight: 4.5 ounces
• Average Customer Review: 3.3 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #862,599 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

12 of 12 people found the following review helpful:

3.0 out of 5 stars Tax Strategies for the Rich and those that want to be Rich, March 11, 2003

By 

Brian P. White (San Diego, California) - See all my reviews

This review is from: Loopholes of the Rich: How the Rich Legally Make More Money and Pay Less Tax (Audio CD)

The Rich Dad Poor Dad series of books created by Robert Kiyosaki helps people to understand how it is that some average, hard-working people propel themselves out of the middle class, while others work just as hard but can't seem to get anywhere. This guidebook is another example of the excellent material published in The Rich Dad Poor Dad series. It focuses on how to get the right information from the right advisors.

In my corporate and tax law practice, I often instruct my clients to read this book as homework. It provides a basis of legal and tax information that most people have heard of but were afraid to ask. Thus, the book eases communications between a client and his or her legal, financial and tax advisors by giving the client an understanding of what's relevant to their planning strategies. Clients who better understand the principles of legal, financial, and tax planning will get more out of the relationships with their advisors.

The book also helps people to understand the psychological difference between being a worker and being an entrepreneur. The average investor or small business owner makes his or her money on raw talent and perseverance. Their only difference from the sophisticated and highly successful entrepreneur is a lack of self-awareness about the direction they want to go, how best to get there, and who to turn to for advise along the way.

2 of 2 people found the following review helpful:

2.0 out of 5 stars A middling text that doesn't translate well to audio, January 18, 2004

By 

Boycott Am@zon - See all my reviews

This review is from: Loopholes of the Rich: How the Rich Legally Make More Money and Pay Less Tax (Audio CD)

This book is intended for fledgling entrepreneurs, and as such its title is somewhat misleading. Rather than discussing obscure "loopholes" in United States tax law, it concentrates on relatively basic business structure and investment strategies. The abridged version is very short, and the presentation tends to degrade into little more than descriptions of different types of corporations, and other fundamental information obtainable from resources far better than this.

I do not recommend the CD audio version of the book. I found author Diane Kennedy's flat, tinny reading voice and artificial inflection to be grating and unaccommodating. Unfortunately, even when Kennedy is insightful and objective, the book's dialogue and narration sound like a 1950s educational film.

5.0 out of 5 stars Loopholes of the Rich, April 15, 2003

By 

Chuck Smith (Boca Raton, Florida) - See all my reviews

This review is from: Loopholes of the Rich: How the Rich Legally Make More Money and Pay Less Tax (Audio CD)

As a fan of Kiyosaki's, I was excited to pick-up Diane Kennedy's Loopholes of Rich. It was a great read and chocked full of insight.

Some of the tips actually helped me save money on my taxes this year. It is definitely worth adding to your collection. I am re-reading it right now and keep finding gold nuggets of helpful information.