Your Personal Obama Smackdown: Deprive Big Government of Tax Revenues While
Improving Your Own Revenues
One businessman I visit with regularly put it most succinctly:  "If all
of the US's 130 million taxpayers would take the normal tax credits and
deductions of about $4k they would get in the first year for starting a
micro-business, they would instantly deprive the government of $552 billion
(over half a trillion!) dollars in tax revenue.  My question is: why isn't
everyone who believes in this country starting a tiny business?  With such
sudden and huge fall in revenue, the government would either have to openly
enslave us or reduce big government to a much more realistic scale!  And
the new business owners would have total job security because they can never be
fired."
Pajamas Media's Dr. Helen has been discussing

'going Galt' or just 'Galting' for short.  Galting is the idea that you
have the option and even the patriotic duty to legally reduce your income and
taxes owing to deprive the government of revenues to over-regulate your life.  
My friend's company and my own company have become highly successful
laboratories for Galting while still continuing to contribute to our improving
lifestyles.  Yes, I am saying that you don't want to hurt yourself by
reducing your taxable income to the poverty level voluntarily, but there are
legal ways you can shield income, benefit from tax deductions and credits,
creatively domicile your business or revenue streams, and reduce the taxes you
must pay while still improving your lifestyle.  All while being your own
boss and getting to make the final decision as to whether you get fired or laid
off by your company! 
Our biggest question to each other, of course, was why aren't more people
doping this?  We decided it was because there are many myths about small
business that must be exploded before potential small entrepreneurs take the
leap.  Full disclosure:  I help manage an ecommerce service that has
helped over 10,000 online merchants, so I have lots of opportunities to talk to
small businesspeople who are highly creative about making their small businesses
appear as big businesses.  Including 'going international' in micro-ways
that make mega-contributions to their profits, without being a big 'mutinational
company'.
Myths Exploded About Starting a Small Business

( for everything below, consult your accountant and and local regulations, but
be bold!)

Myth: There are too  many regulatory hurdles to starting a business. 
Truth: You own a business when you say you do - not when the
government agrees to it.  Many businesses are started for $12.00 by simply
publishing a fictitious business name in the local paper (or purchasing a local
business license for $50) and for the first year or two, run out of the owner's
personal checking account.  As long as your business revenues are less than
'in the millions' (even the SBA considers a $19 million business a 'small
business') the government bodies at all levels have almost zero interest in you! 
This is especially true if you own an online business, which is the most popular
type of business to start these days on a micro-budget.  The simple fact is
that new small businesses fly almost completely under the government's radar -
the sums involved are simply too small to trouble governments that need BIG
revenues.   Also, a few simple strategies (discussed below) can take
you mostly off the 'local domicile' radar.
Myth: The tax credits and deductions for new businesses are hard to get. 
Truth: nothing could be further from the truth!  You have to be honest, and
your tax preparer can help you with this, but one thing the Obama administration
has not been able to do yet is take away the honest (and by some lights,
generous) tax deductions and credits for small business formation.

Sometimes it takes fear to get us to take bold action.  If the fear for
your country isn't enough to do the trick, then perhaps the fear of unemployment
(or continued unemployment) will get you to take the bold step to start your own
micro-business. 
But for my friend and I and for many others we know, starting a business
meant actually living the attractive concepts of freedom and liberty; of being
the one on the spot to succeed of fail; of getting up every morning with a
splendid mission; of rising to the many fun challenges of winning in business. 
And serving our country by being a provider rather than a taker. You can do
the same!  Just click.