Summary of Rich Dad Poor Dad chapter 4

Chapter 4 of "Rich Dad Poor Dad" by Robert Kiyosaki is titled "The History of Taxes and the Power of Corporations." In this chapter, Kiyosaki discusses the history of taxes and how they have been used by governments to control their citizens.

Kiyosaki explains that taxes have been used throughout history to fund wars and pay for government programs. In the past, only the rich were taxed, but today, everyone pays taxes, regardless of their income level.

Kiyosaki also discusses the power of corporations and how they are able to use the tax code to their advantage. He explains that corporations are able to deduct their expenses from their income, which reduces their taxable income. This allows them to pay less in taxes and keep more of their profits.

Kiyosaki argues that individuals can also use the tax code to their advantage by starting their own businesses and taking advantage of tax deductions. He explains that starting a business is not easy, but it can provide individuals with financial freedom and the ability to control their own financial destiny.

Overall, Chapter 4 of "Rich Dad Poor Dad" emphasizes the importance of understanding the tax code and using it to one's advantage, whether through starting a business or investing in real estate.

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