Tony Robbins' Stance on Taxes

Posted on October 20, 2023

In 2014, Tony Robbins authored a significant book titled "Money: Master the Game," which, despite its substantial length of 618 pages, offers readers a substantial advantage in terms of financial knowledge compared to the average person. In Chapter 3 of this book, Robbins emphasizes the crucial importance of tax planning. He highlights the fact that, over the course of a lifetime, the typical American dedicates a substantial portion of their income to various taxes such as income tax, property tax, sales tax, and fuel tax, amounting to roughly 54.25 cents per dollar.

Tony Robbins, who possesses a substantial platform and is widely influential, underscores the significance of tax planning (which he terms as tax efficiency) for individuals aspiring to attain financial freedom. He stresses that unless proactive measures are taken, a significant 54.4% of one's lifetime earnings will be allocated to taxes. In his book, tax efficiency is prominently featured as one of the top "Money Power Principles," as it stands out as one of the most straightforward methods for consistently enhancing the actual returns on one's financial portfolio. Robbins passionately asserts that tax efficiency accelerates the path to financial independence, drawing from his own journey to financial freedom, where he achieved his first million by the age of 24 and has since amassed a net worth of $500 million at the age of 59.

Robbins, having authored one of the most influential books on financial matters in the last decade, conveys a clear message: individuals must take control of their tax situation to make substantial progress in their financial lives. He advises readers to seek the guidance of a tax expert to navigate these intricacies. As the self-proclaimed America's #1 Tax Expert, the endorsement of this advice undoubtedly pleased the author.