Higher Taxes Can Be Avoided





Recently, I wrote on ways to get things or get things done without cash outlays
(How to Barter For a Self Reliant Lifestyle). This made me think about the ability to save on or avoid taxes through self reliant activities.

First, let's be clear-- tax avoidance is legal, tax evasion is illegal. That said . . . How do you avoid taxes? Simple-- avoid:

  • Certain commercial transactions and transfers-- sales taxes and fees can be avoided
  • Ownership of taxable property-- renting and leasing can circumvent some taxes
  • Assets that are taxable-- certain assets allow for tax deferral or exemption from tax
  • Certain income-- especially W-2 earned income (self employment income is usually more advantageous)


Specifically, the self reliant individual should:

  • Engage in DIY projects
  • Make "it" or process "it" themselves
  • Use temporary, non-property tax based structures
  • Look for opportunities to recycle, reuse, and repurpose
  • Explore the classifieds and Craig's List
  • Shop tag sales/yard sales/garage sales
  • Buy from church and school sales


You may have noticed that the key is to use your time and not your money. Money can be assessed tax dollars on a federal, state, and local level-- time and non-income efforts cannot be taxed.

With a little creativity, one can reduce their tax liabilities significantly. 

Look for more ideas on holding on to your money or exchanging it for true value in future posts . . . 

Thank you for visiting the Self Reliance Workshop and come back soon for more . . . follow me on Twitter at SelfRelianceWSDvrcdDadFrglDad, and Surfcasting2Day.

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Related Posts:
DDFD's Views on the Self Reliance Workshop and What's to Come . . .  
There is a Solution to Every Problem . . .  
Self Reliance is About Power . . . 
Self Reliance Builds Self Esteem . . . 
Are You a Sheeple? 

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DDFD believes that self reliance and self sufficiency are the roads to individual freedom.  He is dedicated to living a quality life through frugality, personal growth and productivity, and defensive entrepreneurship.  He also enjoys cooking from scratch and fishing.

 

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