With lots of fun and glee "Million Dollar Neighborhood" the pilot for her new TV show has residents of a local neighbourhood writing up their skills on a big series of boards and then exchanging their services for FREE to help this struggling neighbourhood to save big bucks.

FACT: Bartered "FREE" services are ENTIRELY TAXABLE at FULL RATE. Court judgements, all the way to the Supreme Court are all singular in opinion on this.

All those involved in bartering sercies for FREE could face criminal prosecution for TAX FRAUD and possible jail time.

Originally posted by ballisticmousse
With lots of fun and glee "Million Dollar Neighborhood" the pilot for her new TV show has residents of a local neighbourhood writing up their skills on a big series of boards and then exchanging their services for FREE to help this struggling neighbourhood to save big bucks.

FACT: Bartered "FREE" services are ENTIRELY TAXABLE at FULL RATE. Court judgements, all the way to the Supreme Court are all singular in opinion on this.

All those involved in bartering sercies for FREE could face criminal prosecution for TAX FRAUD and possible jail time.

I hope you aren't going to report anyone...

It used to be that trading services was non taxable but of course the Govt. wants everything they can get from the little people.

Peace

Originally posted by ballisticmousse
With lots of fun and glee "Million Dollar Neighborhood" the pilot for her new TV show has residents of a local neighbourhood writing up their skills on a big series of boards and then exchanging their services for FREE to help this struggling neighbourhood to save big bucks.

FACT: Bartered "FREE" services are ENTIRELY TAXABLE at FULL RATE. Court judgements, all the way to the Supreme Court are all singular in opinion on this.

All those involved in bartering sercies for FREE could face criminal prosecution for TAX FRAUD and possible jail time.

I'm not a big fan of Oprah. But, I think the concept she is pushing is a great idea. Neighbors need to get to know each other better. Help each other out, in making for a nicer, and safer neighborhood.

I seriously doubt the IRS is going to be tracking down any neighbor trading neighbor with a helping hand....

Where I live, as a small rural community, we have been doing the same forever. I know of at least 5 homes built for families, by all volunteer groups of church people.

What's wrong with that I ask...it's the true American way....

Whilst I would agree with the idea of repealing Income Tax, the fact remains that the current fiscal and funding infrastructure of the USA is dependent upon it.

If everyone starts exchanging services for FREE locally, it will massively erode the tax base, accelerating the US Debt and increasing the risk of default on US Bonds that would brutalise other country's holding US National Debt, such as Canada.

THis is quite apart for the entire moral question of why some people should be allowed to pay no tax just because they have the good fortune to live in an area where there is a hairdresser, an accountant, a man who mends lawn mowers, whilst those in country areas, no where near anyone able to swap these services should have to pay full taxes AND even more to make up for those not paying.

Originally posted by ballisticmousse
Whilst I would agree with the idea of repealing Income Tax, the fact remains that the current fiscal and funding infrastructure of the USA is dependent upon it.

If everyone starts exchanging services for FREE locally, it will massively erode the tax base, accelerating the US Debt and increasing the risk of default on US Bonds that would brutalise other country's holding US National Debt, such as Canada.

THis is quite apart for the entire moral question of why some people should be allowed to pay no tax just because they have the good fortune to live in an area where there is a hairdresser, an accountant, a man who mends lawn mowers, whilst those in country areas, no where near anyone able to swap these services should have to pay full taxes AND even more to make up for those not paying.

When you reach my age of 61, and are still paying taxes as I do...bet you sing a different tune....

My apologies, the town is in Canada, so it is VERY clearly breaking tax law.

Originally posted by jude11


I hope you aren't going to report anyone...


Peace

Since this is most definitely adding to my tax bill, yes, I am DEFINITELY busting these bastards!

Originally posted by ballisticmousse

Originally posted by jude11


I hope you aren't going to report anyone...


Peace

Since this is most definitely adding to my tax bill, yes, I am DEFINITELY busting these bastards!

I guess I retract my earlier statement then.

I doubt the OP agrees with the law.