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Updated over 1 year ago,

Mary Jay's profile image
Mary Jay's profile image
Mary Jay
  • from Glendale, Arizona
  • Member since Dec 17, 2017
Connect

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1,257
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Mary Jay's profile image
Mary Jay's profile image
Mary Jay
  • from Glendale, Arizona
  • Member since Dec 17, 2017
Connect
Mary Jay
  • Glendale, AZ
220
Votes |
1,257
Posts
Buying & Selling Real Estate

How do rich pay zero taxes legally?

Mary Jay
  • Glendale, AZ
Posted

Hi guys,

So I hear often (Robert Kiyosaki, Trump, other rich etc) pay zero taxes legally.

Lets say Kiyosaki's business "Rich Dad, poor dad, educational LLC" made 100K.

The same LLC went and bought a rental house for 100K.

Since all the money were spent  now  the tax liability is zero?

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