[MR] Yet another sign we are going back to the middle ages....

Gina Shelley paintedwheel at hotmail.com
Fri Jun 4 14:11:13 PDT 2010


Yeeeeah....well, good luck to 'em trying to claim any sort of compensation on something like that. 

 

Heck, I have worked for bona fide businesses that used the barter system. There was so much stuff crammed under the table I am surprised the legs even touched the floor. 

 

"Dadgum gubment, sorry so and so's

Got their damn hands in every pocket of my clothes...."

 

Dulcy


> 
> They might claim Time Dollars are not be taxable, but I suspect the 
> IRS might not agree. Barter certainly is
> http://www.irs.gov/taxtopics/tc420.html
> 
> http://www.irs.gov/businesses/small/article/0,,id=113437,00.html
> "Earning trade or barter dollars through a barter exchange is 
> considered taxable income, just as if your product or service was 
> sold for cash."
> 
> (note, I'm neither an attorney or a CPA, YMMV, just a word of caution)
> 
> Corwyn
> 
> 
> 
> 
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