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To: whodathunkit

Your tagline makes me wonder - is anyone on this thread actively “shrugging” or planning to do so, and if so, in what way?


157 posted on 03/01/2009 4:40:25 PM PST by Savagemom (Educational Maverick (at least while homeschooling is still legal))
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To: Savagemom
Caution... possible spoiler.

...is anyone on this thread actively “shrugging” or planning to do so...

Shrugging will mean different things to different people, depending on their circumstances. Rand, I believe, would agree that her depiction of shrugging is not possible in the real world. She used her writing as a way to teach us about Objectivism. Atlas Shrugged is fiction and should not be taken as an instruction book. The ideas presented are perfectly valid though each individual will need to adapt them to their individual situation.

I am shrugging and know of others who are doing it as well. The main focus is to reduce the amount of taxable income that you need in order to live your desired lifestyle. Be aware that just about anything that you do has tax consequences that are detrimental to you. Some people confuse shrugging with shirking or slacking. There is nothing easy about shrugging, if anything it is more work. It requires that with anything you do, you first ask yourself who benefits. If the answer is not satisfactory, reexamine the need to spend your life doing it. Repeat.

A few practical suggestions would be...

Learn where every dollar you pay in taxes goes. Understand that it is _your_ money before it becomes theirs.

Consider that every dollar that you spend is actually costing you about $1.40 of your life. Time is money and unfortunately our time on earth is limited. Is that purchase really necessary?

Take control of your income. Consult a tax expert. Setting up a small business is a great way to reduce your taxable income. Specialize in something that you enjoy doing. You don't need to quit a current job to do this, in fact,you can transfer some of your earnings to your own business thereby reducing your taxes.

This brings us to understanding the difference between tax evasion and tax avoidance. The first one is illegal the second is completely legal. I don't recommend breaking the law, that's not what shrugging is about.

I could go on but I won't. Keep in mind that your life belongs to you, not someone who claims to own it.

158 posted on 03/01/2009 6:08:39 PM PST by whodathunkit (Shrugging as I leave for the Gulch)
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