bartering is the New cool

David Wolfe added a new photo. January 13 at 7:31am · Image may contain: text and food Like Like Love Haha Wow Sad Angry CommentShare Top Comments 6.5K David Wolfe and 6.5K others 2,746 shares 217 Comments Comments Oscar del Rosario Write a comment... Andrew Say Andrew Say It's a lovely fluffy idea. A bit of bartering is cool, but it is very primitive and cumbersome. Money is the best part of the best barter system of them all....See More Like · Reply · 29 · January 13 at 2:35pm 8 Replies Patricia Vaive Patricia Vaive I used to barter services in high school. I cut hair for help with math homework, or for hand hemming a skirt, Later as a young bride, I bartered machine sewing or babysitting for help ironing or vacuuming. Some people are just better at some things than others, and some people hate to do certain tasks. Like · Reply · 44 · January 13 at 7:40am 4 Replies Thomas E. Mitchell Thomas E. Mitchell Actually, what was it, about 30 years ago that bartering EXPLODED? There were several national exchanges and individuals and small businesses were going nuts with it. Enter the IRS. They started taxing barter transactions, requiring everyone to pay inc...See More Like · Reply · 18 · January 13 at 8:42am 5 Replies Diane Teeter Diane Teeter Tax collector will find a way. Especially if you do it online. There is a Bartering tax 420. You have to fill out a form 1099 B and report income on Form 1040. Like · Reply · 3 · January 13 at 1:08pm Grantley Dickinson Grantley Dickinson Not true, you can tax it. In Australia is it a taxable transaction based on the value attached to that transaction. But Bartercard is an example of how it would become monetised Like · Reply · 1 · January 14 at 1:49am Page Gerrick Denny Page Gerrick Denny Umm...have you read any books about the Middle Ages? Rulers taxed the people all the time, by confiscating whatever the good was the person produced. And they largely lived in bartering economies. Like · Reply · 1 · January 13 at 10:20pm 1 Reply Jerry Guisinger Jerry Guisinger That's only true if you are bartering informally... if you use a barter exchange, and you have earnings that can be valued, they'll tax you. Like · Reply · 17 · January 13 at 7:39am 5 Replies Kyle Fern Kyle Fern The problem is if i make clothes and you sell lettuce, well i dont want lettuce so try to find another item to trade for or another service. The only reason money is used is so that you dont spend an entire day running around to buy 1 shirt. I get that its not the worst idea and all, but the barter system has more flaws than what we do now Like · Reply · January 15 at 10:22pm · Edited Conrad Wagner Conrad Wagner Here in Oz. Some people barter home brew. The governmemt is pissed it cannot control it. So they propose these barter systems illegal...soI have heard. Like · Reply · 5 · January 13 at 7:40am 6 Replies Chris Milligan Chris Milligan People would quickly find that some things are worth more than others and that they'd need to find a way to quantify what everything was worth. If only mankind could come up with something that described how much individual trade items were worth. .. Like · Reply · 2 · January 13 at 2:24pm Roley Ward Roley Ward Yeah we tried bartering but the greedy ones decided theirs was worth more than his. Because nobody wants to be considered equal to him. Or her, Like · Reply · January 14 at 8:53am David Thompson David Thompson Taxing a barter is one of the oldest forms of taxation - pre-money, it was. do not be too loud about this, because taxing it is really easy. Like · Reply · January 14 at 5:38am Abe A Quintana Abe A Quintana I think a certain degree of bartering would be good for society. Although didn't the monitory system of today evolve from a bartering system? Like · Reply · 1 · January 13 at 9:55am 2 Replies David Clarke David Clarke They started a barter group in Australia a while back. But when it got a bit bigger and more public the government said they had to pay some sought of taxes. I forgot the details on how they were going to do it though. Need to keep it out of the the public (government) eyes. Like · Reply · 5 · January 13 at 9:03am Diana Jung Diana Jung Fine, but gas stations, power & water co, directv, AT&T, mortgage & car payments DON'T take veggies or vacuuming for payments Like · Reply · 1 · January 15 at 1:35am Ricardo Hernández Ricardo Hernández I understand that at a certain point bartering becomes a currency and therefore in the US declared illegal tender and subject to prosecution. I just cannot fathom the idea that the FED would take thousands of people to court for this and would likely j...See More Like · Reply · January 20 at 2:57am · Edited Rick Rayner Rick Rayner In days gone by before currency was used, the land owner or King would demand a part of your harvest sometimes estimating what your harvest should be. They took what they thought they were owed. They didn't care if it was fare. Oh and if you some how ...See More Like · Reply · 3 · January 13 at 9:01am Edwin Gomes Edwin Gomes I dont think you guys get it. Making money for some is like a sport. For some, the goal in life is to live or just live simply. For some, it is attaining the most goals in their career because the people they want believe they are worth it. MVP, i call...See More Like · Reply · January 13 at 8:42am · Edited 1 Reply Geoff Chambers Geoff Chambers I do tire of all this anti tax rhetoric-yes tax money should be spent wisely- but to think we should not pay taxes is just plane stupid; no hospitals,roads,bridges,schools,universities,police,fireman,sidewalks,street lights,national parks,search and recue Like · Reply · 1 · January 14 at 12:07pm Rita Marcellino Rita Marcellino Cryptocurrency will give power back to the people! Digital Cash - no need for the banks to take our money! Mobile payments are the future of money - the cash today is not worth the paper it is printed on! #powerbacktothepeople #Bitcoin #Blockchain #scoin #Financialshiftiscoming Like · Reply · January 13 at 12:04pm 3 Replies Parisa Nayeri Parisa Nayeri All of those Elites die in 2 seconds flat and plus that's why the spend billions of dollars on advertisement to make you believe that you need the things that you don't need. That's how capitalistic economy works. Like · Reply · 2 · January 13 at 8:49am 1 Reply Todd Fenton Todd Fenton Uh technically you are supposed to claim the equivalent value of a barter on your tax return....but like cash under the table-it's not traceable. Like · Reply · January 13 at 10:50pm Edward Bishop Edward Bishop I think you could still work out a tax system with bartering. The government could contract charity stores like vinnies and anglicare to swop or obtain items like a penalty when u did a transaction. A party like the greens would like that. You mow a lawn the householder gives u a meal and u get 'taxed' a kitchen table. it also helps environment. Like · Reply · January 13 at 8:44pm 1 Reply Forrest Butler Forrest Butler i still would hate to have to bring 100 50 lb bags of food to get get a car.. ect. Gold was a good standard sense they could not just "print it" and say they have more then us.. but there is still no perfect currency. Nor can there be a good way to barter for a very large cost item.. Like · Reply · 1 · January 13 at 9:10pm Lionel Guy Lionel Guy Unfortunately they already covered that loop hole. The only thing that is not legal is failing to claim bartering on your taxes. Treat all trades as you would cash transactions. Any barter transaction is reported on Schedule C, Profit or Loss from Business Form 1040. Like · Reply · 1 · January 13 at 11:23pm Amanda Murphy Amanda Murphy Back in the hey day of bartering -ie the Medival - people bartered most of the time but we're still expected to pay taxes, sometimes in goods but, maybe, mostly in money. .. kinda hard to get coinage when everyone is using eggs and wheat! Like · Reply · January 14 at 2:49pm Dominic Fernandes Dominic Fernandes Yah, pieces of paper rule the world! Pieces of paper make us love or hate people. Pieces of paper even make people kill them self. Every misery in this world is linked to those horrid pieces of paper named "Money" Like · Reply · 1 · January 13 at 4:27pm · Edited Michael Geromichalos Michael Geromichalos People think money makes the world go round, money & tax create debt & fear ( for most) debt creates order & obedience. When money gets back to governments ,after we cherish it, they treat it with contempt and it vanishes, as it's served it's purpos...See More Like · Reply · January 13 at 5:42pm 5 Replies Janice McFadden Janice McFadden Ha ha that's what the first American settlers did. They traded services and goods to stay alive. It works great. I've done it too. Like · Reply · January 13 at 6:28pm Cath Harrington-Evans Cath Harrington-Evans Been saying this for years, this is what humanity should go back to and eradicate money altogether... Didn't someone work out if this were to happen the developing countries would benefit the most? Like · Reply · January 13 at 5:17pm 1 Reply Dianne Espy Dianne Espy They would not miss our money one little bit. They make millions off of basically tax-free investment income from their millions and billions that are stashed in offshore banks where it will never see the light of day. Like · Reply · January 13 at 9:40am 2 Replies Pauline Boyd Pauline Boyd There is a guy in the uk hasn't passed a note in a year..just had a day freebie day where everyone brought something an could take back.. Like · Reply · 2 · January 13 at 8:00am 1 Reply Nola Jacinta Maria Nola Jacinta Maria actually the orginal tax ever invented was on actual farming produce - grain- and for early Roman soldiers, they were paid in part with salt hence if a soldier was not considered any good -he was not worth his salt. Like · Reply · 4 · January 13 at 9:19am Rich Holmes Rich Holmes of course it needs to be reported, either by yourself or someone vindictive toward you. then to get the local and federal tax people to accept .0825 percent of the lumber you used for building a deck for me and .0825 percent of the plumbing pieces i used to put in a garden sprinkler for you. Like · Reply · January 13 at 10:09am Barb Fox Blohm Barb Fox Blohm I would love see the barter system for Those who would like to do it Unfortunately gov will never allow it...See More Like · Reply · January 14 at 12:16am 3 Replies Elizabeth Sutor Elizabeth Sutor You can't barter healthcare though. Or oil for the furnace. Or electricity. Or car insurance. Or your mortgage or rent. Or Veterinary services. Like · Reply · 1 · January 13 at 8:04am 8 Replies Carol O'Neill-Williams Carol O'Neill-Williams So, based on average prices (in US$), for government to build a 2Km road they would need about: 4,006,410 Kg bananas, or 4,990,020 Doz eggs, or...See More Like · Reply · 1 · January 14 at 5:56pm Neil De Silva Neil De Silva Some Countries have come up with ways to Tax Barter as well ! (You can Tax the Asset - NOT just its income !) Get a Good Tax Accountant......then, the ONLY thing you have to worry about is: WHEN will you die ? (Accountables.ca) Like · Reply · 1 · January 13 at 9:46am Aubree Arias Aubree Arias Actually barter is absolutely taxed... https://www.taxact.com/.../four-things-you-should-know-if... Like · Reply · 5 · January 13 at 7:40am Marion Morrisey Marion Morrisey My nephew is going to make me a dining table. I'm going to make him a queen sized quilt. Lots of love involved with our bartering! Like · Reply · 6 · January 13 at 7:55am 2 Replies Frederick Callende Frederick Callende Usually I appreciate and like the memes from your page, however this one is poorly thought out (the rich generally would have awesome stuff to trade) and incorrect (The IRS wants to remind small business owners that the fair market value of property or services received through barter is taxable income. http://snip.ly/4col4) Your fans expect better. Like · Reply · 2 · January 14 at 2:02am Christian Iannotta Christian Iannotta Bartering was one of the first forms of trade and it was so inefficient that we developed money! Like · Reply · 5 · January 13 at 7:39am 3 Replies Dean Senecal Dean Senecal I own a roofing company in eastern ont. I could use a freezer full of beef if you need your roof done?? I like tattoos as well Anyone know of a bartering page on Facebook? Like · Reply · 2 · January 13 at 6:21pm 2 Replies K V Kishore Kumar K V Kishore Kumar They have only one choice of eating that money in that case :P Like · Reply · January 13 at 12:03pm Ken Biggs Ken Biggs you obviously do not live in CT....Yes, Bartering IS taxable income! Like · Reply · January 13 at 8:13am Matthew Duffy Matthew Duffy Fiat currency can not last forever. Soon every dollar in your pocket and every dollar in your bank account will be worth less than toilet paper. Like · Reply · 1 · January 13 at 10:39am 2 Replies Steve Mosley Steve Mosley our Inland Revenue Department would find a way Like · Reply · January 14 at 1:30am · Edited Karen Lee Fetterolf Karen Lee Fetterolf Many places made bartering illegal just because it cannot be taxed. Like · Reply · January 15 at 1:37am Penny Thomas Penny Thomas Greedy politicians will figure out a way to tax/regulate or make it illegal. You know, for our safety and all 😜 Like · Reply · 3 · January 13 at 7:40am 2 Replies Brian Keller Brian Keller Can't tax it but they can make it illegal like collecting rain water for use in your own garden. Like · Reply · January 13 at 11:51am 4 Replies 50 of 217