Unfair Advantage: Debt

While there are never guarantee in the world of money, a legitimate financial education grants you access to the highest returns in the investment world, investments with the lowest risk, and very low taxes, zero taxes in some instances. The first investment is in your financial education. ~ Robert Kiyosaki, Unfair Advantage
Some unfair advantage on taxes in the real world, in our own country ...

In the long run, looking after the wellbeing of those that need help will benefit everyone. Having a layer of super rich, does not translate into a community of high earners. It just means a select few are growing their wealth faster by taking advantage of a lopsided tax system and other biased mechanisms...

If you were to sell any one of these newly acquired property within five years of purchase, you pay a 5% real property gains tax on what you made and still get a RM10,000 discount. However if you decide to hold on to the property (noting that prices generally appreciate) and sell it after five years, you make a clean profit – that's right, not taxable. Now compare that to what your friends made – some still made more thanks to the 5%-7% discount. What if the profit was RM100,000 or RM1 million? We may not have Buffet magnitude billionaires just yet but according to the Malaysian Business we have companies paying RM455.6 million in a board payout with one director being paid RM106 million making all the other high earners look like paupers with RM12 million payouts. Imagine if they invested their bonus in equities without having to pay tax or bought multiple property at a discount.

If Buffett was Malaysian he'd have paid next to nothing as our capital gains tax is 0% for equities and 5% for real property gains. What does all this mean to the layperson? ...
Injecting equity into our tax system ... http://www.thesundaily.my/news/122661