Buddhism is a religion (not just a "philosophy") practiced by millions of people, primarily in Southeast Asia, China, Japan, and (increasingly) in the U.S. It is actually the most diverse family of religions, and the only major religion never to have sponsored a holy war. Founded by Siddhartha Gautama in northern India in the 6th Century B.C.E., Buddhism teaches that life is suffering, that the suffering is caused by desire and other delusions, and that overcoming these delusions will extinguish the suffering.
Most Buddhists believe in reincarnation, and strive to achieve Nirvana (enlightenment) and thus get off the 'wheel of rebirth' (in other words, cease being reincarnated). This can be interpreted as "nonexistence," or as graduating to a higher plane of existence -- being reunited with the universe itself.
Buddhism neither believes nor disbelieves in God; it is simply not considered an important question. But Buddhists do believe in the soul and afterlife (reincarnation). Buddhism is the most philosophical, contemplative, and psychologically oriented of all the major religions.
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