Comments on: A Free Falling Economy Makes Bartering Go Boom http://readynutrition.com/resources/the-barter-boom_01122009/ Sat, 04 Feb 2012 18:25:35 -0600 hourly 1 http://wordpress.org/?v=3.2.1 By: countryboyseein http://readynutrition.com/resources/the-barter-boom_01122009/comment-page-1/#comment-441364 countryboyseein Thu, 26 Jan 2012 02:44:58 +0000 http://readynutrition.com/resources/?p=1680#comment-441364 I haven't seen any recent articles about barter and taxes, but I know from experience that the IRS believes they have the power to tax any exchange between "citizens" for every commodity, including time, service etc. They require you to estimate the approximate value. Or you can ignore them, that's what everyone does today. There's already a huge barter system that goes on behind the scenes. If you think about it every transaction that takes place with cash, can simply disappear from IRS radar, by not being reported. I haven’t seen any recent articles about barter and taxes, but I know from experience that the IRS believes they have the power to tax any exchange between “citizens” for every commodity, including time, service etc. They require you to estimate the approximate value.
Or you can ignore them, that’s what everyone does today. There’s already a huge barter system that goes on behind the scenes. If you think about it every transaction that takes place with cash, can simply disappear from IRS radar, by not being reported.

]]> By: Carter http://readynutrition.com/resources/the-barter-boom_01122009/comment-page-1/#comment-440961 Carter Wed, 25 Jan 2012 20:07:15 +0000 http://readynutrition.com/resources/?p=1680#comment-440961 Has anyone seen a discussion on the tax implications of barter? Has anyone seen a discussion on the tax implications of barter?

]]> By: Tess Pennington http://readynutrition.com/resources/the-barter-boom_01122009/comment-page-1/#comment-440912 Tess Pennington Wed, 25 Jan 2012 19:06:09 +0000 http://readynutrition.com/resources/?p=1680#comment-440912 @ Mary, I like to advocate a well rounded preparedness plan as well as suggest items that have multiple purposes. Infant formula and disposable diapers can be used other than what it is intended for. In an extended disaster scenario, where many will be malnourished, infant formula could provide added nutrients and vitamins to an already depleted diet. Also, diapers could be used to absorb blood when a medical emergency arises just to name a few examples. Thanks for your comment, Tess @ Mary,

I like to advocate a well rounded preparedness plan as well as suggest items that have multiple purposes. Infant formula and disposable diapers can be used other than what it is intended for. In an extended disaster scenario, where many will be malnourished, infant formula could provide added nutrients and vitamins to an already depleted diet. Also, diapers could be used to absorb blood when a medical emergency arises just to name a few examples.

Thanks for your comment,

Tess

]]> By: Douglas http://readynutrition.com/resources/the-barter-boom_01122009/comment-page-1/#comment-440909 Douglas Wed, 25 Jan 2012 19:02:30 +0000 http://readynutrition.com/resources/?p=1680#comment-440909 As one whose religious views would preclude bartering in alcoholic beverages and/or tobacco products:  Keep a few cases of Pepsi, Dr Pepper, Coke "Classic", and Mountain Dew on hand. In a SHTF scenario, they'll be worth as much as beer, especially if an act of radiological terrorism (aka "dirty bomb") wreaks havoc on local water supply and food distribution.  Also, I never make a trip to "Walley-World" w/o getting a 24-pack of house brand toilet paper or whatever is on sale.  Being well-stocked on the butt floss gives a good item to barter with and gives peace of mind.  After all, Sears hasn't printed catalogs in thirty years! As one whose religious views would preclude bartering in alcoholic beverages and/or tobacco products:  Keep a few cases of Pepsi, Dr Pepper, Coke “Classic”, and Mountain Dew on hand. In a SHTF scenario, they’ll be worth as much as beer, especially if an act of radiological terrorism (aka “dirty bomb”) wreaks havoc on local water supply and food distribution.  Also, I never make a trip to “Walley-World” w/o getting a 24-pack of house brand toilet paper or whatever is on sale.  Being well-stocked on the butt floss gives a good item to barter with and gives peace of mind.  After all, Sears hasn’t printed catalogs in thirty years!

]]> By: Mary http://readynutrition.com/resources/the-barter-boom_01122009/comment-page-1/#comment-440878 Mary Wed, 25 Jan 2012 18:30:33 +0000 http://readynutrition.com/resources/?p=1680#comment-440878 The first iten is nteresting, as I raised three children without neither disposable diapers, nor formula. The first iten is nteresting, as I raised three children without neither disposable diapers, nor formula.

]]> By: John Fernandez http://readynutrition.com/resources/the-barter-boom_01122009/comment-page-1/#comment-440766 John Fernandez Wed, 25 Jan 2012 16:12:05 +0000 http://readynutrition.com/resources/?p=1680#comment-440766 I would include services as a barter source. Repairing homes, fixing electrical and plumbing problems, etc. are excellent ways to stay relevant in a barter exchange society.   I would include services as a barter source. Repairing homes, fixing electrical and plumbing problems, etc. are excellent ways to stay relevant in a barter exchange society.  

]]> By: Ken Shields http://readynutrition.com/resources/the-barter-boom_01122009/comment-page-1/#comment-440470 Ken Shields Wed, 25 Jan 2012 12:01:23 +0000 http://readynutrition.com/resources/?p=1680#comment-440470 Really good stuff you have here!  I would like to suggest adding one item to your barter list and that is new skills.  I finally got tired of just telling new people I meet the same things over and over and started my blog to say things once an for all.  I'm really glad to find your blog and intend to set a link on mine to you. Ken Shields Really good stuff you have here!  I would like to suggest adding one item to your barter list and that is new skills.  I finally got tired of just telling new people I meet the same things over and over and started my blog to say things once an for all.  I’m really glad to find your blog and intend to set a link on mine to you.
Ken Shields

]]> By: Tina http://readynutrition.com/resources/the-barter-boom_01122009/comment-page-1/#comment-65070 Tina Fri, 28 Jan 2011 05:50:40 +0000 http://readynutrition.com/resources/?p=1680#comment-65070 Great ideas! Great ideas!

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