Return to article: How to Buy Nothing
on 9/26/2007 Your step 5 is incorrect. Section 1031 of the internal revenue code allows for like kind exchanges. Exchanges of assets for services are not like-kind. Be careful - the IRS has "blown-up" several of these barter clubs. Even though no cash exchanges hands doesn't mean the transaction is tax-free.
on 10/30/2007 Here you can buy nothing: http://www.nothingforsalesite.com/
on 4/3/2006 Happiness is not having what you want but wanting what you have.
on 11/22/2005 Bartering is taxable. Be careful, so you are not responsible for back taxes and penalties.See http://www.irs.gov/taxtopics/tc420.html
on 12/30/2005 Be sure to splurge every once in a while on that one special item at that store that you wish that you could shop in. Those items end up being the ones you use the most!
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