Peak Oil
Donate Bitcoin

Donate Paypal


PeakOil is You

PeakOil is You

THE Barter / Bartering Thread (merged)

What's on your mind?
General interest discussions, not necessarily related to depletion.
Post a reply

Re: As Economy Plummets Cashless Bartering Soars on the Internet

Unread postby emersonbiggins » Mon 23 Mar 2009, 22:35:33

$this->bbcode_second_pass_quote('MarkJ', 'B')artering with professional services online is a good way of avoiding taxation, licensing, insurance, permits, inspections, codes, regulations, travel time, gas, diesel, paperwork etc.

IRS Tax Topic 420 would like to have a word with you... :razz:

$this->bbcode_second_pass_quote('', 'T')opic 420 - Bartering Income

Bartering occurs when you exchange goods or services without exchanging money. An example of bartering is a plumber doing repair work for a dentist in exchange for dental services. The fair market value of goods and services received in exchange for goods or services you provide must be included in income in the year received.
"It's called the American Dream because you'd have to be asleep to believe it."

George Carlin
User avatar
emersonbiggins
Expert
Expert
 
Posts: 5150
Joined: Sun 10 Jul 2005, 03:00:00
Location: Dallas
Top

Re: As Economy Plummets Cashless Bartering Soars on the Internet

Unread postby Blacksmith » Mon 23 Mar 2009, 22:54:33

What Barter.

I know nothing.
Employed senior
Blacksmith
Heavy Crude
Heavy Crude
 
Posts: 1064
Joined: Sun 13 May 2007, 03:00:00
Location: Athabasca, Alberta
Top

Re: As Economy Plummets Cashless Bartering Soars on the Internet

Unread postby Tanada » Tue 24 Mar 2009, 06:52:44

$this->bbcode_second_pass_quote('emersonbiggins', '')$this->bbcode_second_pass_quote('MarkJ', 'B')artering with professional services online is a good way of avoiding taxation, licensing, insurance, permits, inspections, codes, regulations, travel time, gas, diesel, paperwork etc.

IRS Tax Topic 420 would like to have a word with you... :razz:

$this->bbcode_second_pass_quote('', 'T')opic 420 - Bartering Income

Bartering occurs when you exchange goods or services without exchanging money. An example of bartering is a plumber doing repair work for a dentist in exchange for dental services. The fair market value of goods and services received in exchange for goods or services you provide must be included in income in the year received.


No kidding, the company I used to work for in the 1990's had to redo their accounting practices when the IRS learned they were trading favors with another bussiness down the street. It was nothing nefarious, they borrowed a backhoe and operator in exchange for a full tank of fuel for the machine but the IRS acted like it was a grand conspiricy. The company I worked for had to work out a value receipt for both sides of the transaction, how much was the fuel worth etc etc and charge that to the other company so that both sets of books reflected 'the true value exchange' for tax purposes.
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Tanada
Site Admin
Site Admin
 
Posts: 17094
Joined: Thu 28 Apr 2005, 03:00:00
Location: South West shore Lake Erie, OH, USA
Top

Re: As Economy Plummets Cashless Bartering Soars on the Internet

Unread postby MarkJ » Tue 24 Mar 2009, 08:01:30

$this->bbcode_second_pass_quote('emersonbiggins', '')$this->bbcode_second_pass_quote('MarkJ', 'B')artering with professional services online is a good way of avoiding taxation, licensing, insurance, permits, inspections, codes, regulations, travel time, gas, diesel, paperwork etc.

IRS Tax Topic 420 would like to have a word with you... :razz:

$this->bbcode_second_pass_quote('', 'T')opic 420 - Bartering Income

Bartering occurs when you exchange goods or services without exchanging money. An example of bartering is a plumber doing repair work for a dentist in exchange for dental services. The fair market value of goods and services received in exchange for goods or services you provide must be included in income in the year received.


[/sarcasm]


Online bartering isn't really popular since most unlicensed, uninsured handymen, side-jobbers or contractors working without plans, permits, inspections, variances, local business licenses, cutting corners, violating codes, working for cash/trade, avoiding taxes/permit fees/guarantees/receipts etc try to avoid paper or electronic trails.

Besides avoiding paper/electronic trails like the plague, they'll drive unlettered vehicles, drive passenger cars, get dropped of at jobs, work nights, work weekends, purchase equipment/materials/supplies with cash and avoid purchasing from professional-only suppliers to avoid detection by code enforcement, other contractors and to avoid taxation.
User avatar
MarkJ
Tar Sands
Tar Sands
 
Posts: 649
Joined: Tue 25 Mar 2008, 03:00:00
Top

Re: As Economy Plummets Cashless Bartering Soars on the Internet

Unread postby Arsenal » Tue 24 Mar 2009, 08:18:00

$this->bbcode_second_pass_quote('emersonbiggins', '
')
Bartering occurs when you exchange goods or services without exchanging money. An example of bartering is a plumber doing repair work for a dentist in exchange for dental services. The fair market value of goods and services received in exchange for goods or services you provide must be included in income in the year received.



Good luck proving that. Ha.. No receipt... No cash... If the other guy rats its your word against his. IRS has better things to do than waste resources on bartered items.
If the American people ever allow the banks to control issuance of their currency, first by inflation and then by deflation, the banks and corporations that grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers occupied. T Jefferson
User avatar
Arsenal
Tar Sands
Tar Sands
 
Posts: 858
Joined: Tue 18 Mar 2008, 03:00:00
Top

Re: As Economy Plummets Cashless Bartering Soars on the Internet

Unread postby emersonbiggins » Tue 24 Mar 2009, 15:24:15

True enough Arsenal, but 'tis a friendly reminder that the tax man cometh - eventually.
"It's called the American Dream because you'd have to be asleep to believe it."

George Carlin
User avatar
emersonbiggins
Expert
Expert
 
Posts: 5150
Joined: Sun 10 Jul 2005, 03:00:00
Location: Dallas
Top

Re: As Economy Plummets Cashless Bartering Soars on the Internet

Unread postby Blacksmith » Tue 24 Mar 2009, 15:52:58

If you can't even keep tabs on your illegal imigrants what make you feel you can control battering.
Employed senior
Blacksmith
Heavy Crude
Heavy Crude
 
Posts: 1064
Joined: Sun 13 May 2007, 03:00:00
Location: Athabasca, Alberta
Top

Re: As Economy Plummets Cashless Bartering Soars on the Internet

Unread postby 3aidlillahi » Tue 24 Mar 2009, 15:57:32

$this->bbcode_second_pass_quote('Blacksmith', 'I')f you can't even keep tabs on your illegal imigrants what make you feel you can control battering.


Especially in a system that is collapsing in on itself.
Riches are not from abundance of worldly goods, but from a contented mind.
User avatar
3aidlillahi
Heavy Crude
Heavy Crude
 
Posts: 1416
Joined: Tue 25 Mar 2008, 03:00:00
Top

Re: As Economy Plummets Cashless Bartering Soars on the Internet

Unread postby Arsenal » Tue 24 Mar 2009, 18:55:34

$this->bbcode_second_pass_quote('emersonbiggins', 'T')rue enough Arsenal, but 'tis a friendly reminder that the tax man cometh - eventually.



I agree if you make a lifestyle out of it but for three or four transactions..... I think you would be safe. There are bigger fish to fry. Not that you would want to place any size of a target on your back for any three letter agency to find.. :twisted:
If the American people ever allow the banks to control issuance of their currency, first by inflation and then by deflation, the banks and corporations that grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers occupied. T Jefferson
User avatar
Arsenal
Tar Sands
Tar Sands
 
Posts: 858
Joined: Tue 18 Mar 2008, 03:00:00
Top

Re: As Economy Plummets Cashless Bartering Soars on the Internet

Unread postby TheDude » Tue 24 Mar 2009, 19:22:25

$this->bbcode_second_pass_quote('Arsenal', 'I')RS has better things to do than waste resources on bartered items.


What they do is by and large a waste of resources period, though. You could always become their scapegoat de jour, like those who attempt to exercise their right to not pay taxes. Ugh, can I deduct the effort to construct a sentence without a double negative? :-D

How's the IRS doing lately, anyway?

IRS audits of millionaires fell in '08

IRS reportedly scrutinizing AIG's tax-strategies unit :lol: Oh my God.

IRS Offers Free Tax Preparation Help :? Thanks but no thanks!
Cogito, ergo non satis bibivi
And let me tell you something: I dig your work.
User avatar
TheDude
Expert
Expert
 
Posts: 4896
Joined: Thu 06 Apr 2006, 03:00:00
Location: 3 miles NW of Champoeg, Republic of Cascadia
Top

Re: If you barter, the IRS has got your number!!

Unread postby kpeavey » Sat 11 Apr 2009, 09:12:43

As part of my preps, I'm stocking up of 1099-B forms.
We are all going to need them when the money becomes worthless.
Last edited by kpeavey on Sat 11 Apr 2009, 15:01:03, edited 1 time in total.
If you want a picture of the future, imagine a boot stamping on a human face--for ever."
-George Orwell, 1984
_____

twenty centuries of stony sleep were vexed to nightmare by a rocking cradle, and what rough beast, its hour come round at last, slouches towards Bethlehem to be born?
-George Yeats
User avatar
kpeavey
Expert
Expert
 
Posts: 1670
Joined: Mon 04 Oct 2004, 03:00:00
Top

Re: If you barter, the IRS has got your number!!

Unread postby SeaGypsy » Sat 11 Apr 2009, 09:32:45

How the hell do you pay the $15 if you have NO MONEY??? 8O
SeaGypsy
Master Prognosticator
Master Prognosticator
 
Posts: 9285
Joined: Wed 04 Feb 2009, 04:00:00
Top

Re: If you barter, the IRS has got your number!!

Unread postby Laromi » Sat 11 Apr 2009, 09:40:55

$this->bbcode_second_pass_quote('SeaGypsy', 'H')ow the hell do you pay the $15 if you have NO MONEY??? 8O


use fifteen turnips, two bags of horse poo, a few bags of carrots to.. well you know, and big mobs of methane in suitably manufactured containers - to help the manufacturing R&D economy :P
Laromi
Peat
Peat
 
Posts: 196
Joined: Sun 15 Feb 2009, 00:07:25
Top

Re: If you barter, the IRS has got your number!!

Unread postby kpeavey » Sat 11 Apr 2009, 09:48:31

I have identified 2 things that are not taxed.
1-the air you breath
2-sex

Can anyone give me a third thing that is not taxed?
If the government could figure out how to tax these 2 items, there is no doubt they would do so immediately.
If you want a picture of the future, imagine a boot stamping on a human face--for ever."
-George Orwell, 1984
_____

twenty centuries of stony sleep were vexed to nightmare by a rocking cradle, and what rough beast, its hour come round at last, slouches towards Bethlehem to be born?
-George Yeats
User avatar
kpeavey
Expert
Expert
 
Posts: 1670
Joined: Mon 04 Oct 2004, 03:00:00
Top

Re: If you barter, the IRS has got your number!!

Unread postby vision-master » Sat 11 Apr 2009, 09:49:38

Bicycle use on public roads.......
vision-master
 
Top

Re: If you barter, the IRS has got your number!!

Unread postby Ludi » Sat 11 Apr 2009, 09:55:12

So don't barter. Instead, engage in the Sharing or Gift economy. You can give tens of thousands of dollars $$$ without anyone having to pay any tax, and there is no limit on non-cash gifts to anyone (real estate, vehicles, and boats may fall into a taxable gift category, so be sure to look into this before you give someone a chunk of land or a boat). :)
Last edited by Ludi on Sat 11 Apr 2009, 09:57:39, edited 1 time in total.
Ludi
 
Top

Re: If you barter, the IRS has got your number!!

Unread postby kpeavey » Sat 11 Apr 2009, 09:57:16

Sales tax on the bicycle/parts and on the mandatory helmet. All sorts of road taxes included in DMV fees, although a cyclist can get around those. How long until you have to register your bike for use on public roads?
If you want a picture of the future, imagine a boot stamping on a human face--for ever."
-George Orwell, 1984
_____

twenty centuries of stony sleep were vexed to nightmare by a rocking cradle, and what rough beast, its hour come round at last, slouches towards Bethlehem to be born?
-George Yeats
User avatar
kpeavey
Expert
Expert
 
Posts: 1670
Joined: Mon 04 Oct 2004, 03:00:00
Top

Re: If you barter, the IRS has got your number!!

Unread postby Ludi » Sat 11 Apr 2009, 09:58:49

$this->bbcode_second_pass_quote('kpeavey', 'S')ales tax on the bicycle/parts



You could pick those up for free at the dump. :)
Ludi
 
Top

Re: If you barter, the IRS has got your number!!

Unread postby kpeavey » Sat 11 Apr 2009, 10:04:04

dumping fees
environmental permits
tax on the fuel in the truck that hauled those bike parts to the dump
property tax on the dumpsite
income tax on the guy working at the dump
sales tax on the bike in the dump, when it was new
If you want a picture of the future, imagine a boot stamping on a human face--for ever."
-George Orwell, 1984
_____

twenty centuries of stony sleep were vexed to nightmare by a rocking cradle, and what rough beast, its hour come round at last, slouches towards Bethlehem to be born?
-George Yeats
User avatar
kpeavey
Expert
Expert
 
Posts: 1670
Joined: Mon 04 Oct 2004, 03:00:00
Top

Re: If you barter, the IRS has got your number!!

Unread postby eXpat » Sat 11 Apr 2009, 10:11:52

$this->bbcode_second_pass_quote('kpeavey', 'A')s part of my preps, I'm stocking up of 1099-B forms.
We are all going to need them when the money shits the bed.

:o :lol: :lol: :-D The thought of homeless and unemployed people bartering and filling-in their IRS forms is hilarious!!! [smilie=5bouncy.gif]
"I learned long ago, never to wrestle with a pig. You get dirty, and besides, the pig likes it."
George Bernard Shaw

“You can ignore reality, but you can't ignore the consequences of ignoring reality.” Ayn Rand
User avatar
eXpat
Intermediate Crude
Intermediate Crude
 
Posts: 3801
Joined: Thu 08 Jun 2006, 03:00:00
Top
PreviousNext
Post a reply

Return to Open Topic Discussion

Who is online

Users browsing this forum: No registered users and 1 guest



cron