Quite interesting and extreme way how to retire early. Mark Boyle, 31, gave up using money in November 2008. Here is article about him in the Telegraph http://tinyurl.com/328d8r9
He set up the Freeconomy in 2007 (http://www.justfortheloveofit.org), an online network that encourages people to share skills or possessions and now has 17,000 members.
He also wrote a book The Moneyless Man: A Year of Freeconomic Living -cheapest online store + free shipping here: http://tinyurl.com/Moneylessman
What do you think guys? Some people call him parasite since he use most of the resources other people had to make or pay.
The Moneyless Man
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Don't hold me up on this, but I think the key is to avoid conditional reciprocation. Then it would be a tax free donation, right?
I figure taxing barter is in effect because otherwise a group of 10-15 people (or however many it takes to become self-sufficient) could avoid income taxes on all the work they do for each other. In my opinion taxing bartering is then equivalent to taxing income.
Bartering or swapping things (don't know about services) which are substantially identical (two different CDs are substantially identical) is not taxed. This is why swaptree and paperbackswap transactions aren't taxed.
Of course the solution to all this is simply to stay below the personal deductions in terms of income. Or do more and more for yourself (your own work for yourself isn't taxed).
I figure taxing barter is in effect because otherwise a group of 10-15 people (or however many it takes to become self-sufficient) could avoid income taxes on all the work they do for each other. In my opinion taxing bartering is then equivalent to taxing income.
Bartering or swapping things (don't know about services) which are substantially identical (two different CDs are substantially identical) is not taxed. This is why swaptree and paperbackswap transactions aren't taxed.
Of course the solution to all this is simply to stay below the personal deductions in terms of income. Or do more and more for yourself (your own work for yourself isn't taxed).