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Termyn8or -> RE: The Barter System (10/14/2008 10:24:20 AM)
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PM, OK, I didn't bring up the IRS, someone else did, but now that we're here....
If each of the adults had a licensed daycare, they would be pretty much forced to be taxpayers. It would be very difficult, probably impossible to claim that the goods or services would not be taxable because they come from a for profit enterprise. The license probably also states that. Ever wonder why many different forms of licenses have a statement to that effect ? That is because the tax man can be fought, and beaten, and has been.
But now if you were a good little sheeple and reported your windfall to your greatest benefactor, the IRS, the reverse might become true, that BECAUSE you paid tax on it, it then falls under all the rules and regulations set forth for a licensed facility. How do you like them apples ? It is in the law I assure you. If you assign a value to a service, you might just come under that scrutiny. People are unaware because they don't go after the small fish.
Let's say you decide to setup a preschool. Keep it simple, get your neighbor with the biggest garage and buy some chairs. If the government finds out they will be all over you like stink on shit.
dawn t, how do you barter for anything medical ? I mean I could see going to a healthfood store and trading some handmade crafts or other goods for some supplements, perhaps even a chiropractor or even a doctor who is a private practitioner. But alot of docs work at hospitals now and hospitals only take money. Even a private doc has to book time for a surgery, which costs money if it can't be done at his office.
Barter is a great idea, and I am glad to hear about it working out well, but it is damn hard to implement.
T
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