Loopholes of the Rich: How the Rich Legally Make More Money and Pay Less Tax

This is a book from national bestseller with over 200,000 copies sold. Usually, such a claim would prevent me from touching it, LOL! However, I was forced to buy this book when there is an offer from getting another book I want. As such, this is how this book ended up on my shelf.

Well, this is in fact a simple book… All the complicated tax details are presented in terms that every reader will understand easily. Besides, the author did his best by presenting tons of case studies and diagrams which really helps readers to digest easily throughout the book. Well, I may not agree 100% with his idea. For example, the leveraging in housing estate especially for owns staying is very much against my principle. I already did my leveraging somewhere else. As such, I find no reason to leverage as what the author suggest, LOL. Cash is king to me at times… LOL.

The only flaw perhaps lies with the fact that this is a book which is based on United States. As such, many items and ideas may not work for local Malaysians. As I mentioned above, I was being forced in a way to purchase this book. Hence, I really should not complain much on it, LOL.

Overall, I rate this book at 4/10. The low rating is simply due to the facts that the information and ideas presented may not be relevant due to regional issue. As I mentioned above, this is actually a good book. Thumbs up for the hard work especially on the author’s creativity in proving such a “simple” book!