Thread: bartering
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Old 12-15-2007, 08:06 PM   #24 (permalink)
flstf
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Location: Moscow on the Ohio
Quote:
Originally Posted by squeeeb
see, i dont' understand how it would be taxable and illegal if caught. i own a laundry business, you are a farmer. i launder your clothes for a bunch of vegetables. how do you tax that? why would that be illegal if i just threw your clothes in the wash and you gave me some spinach?
I guess because if everybody bartered everything and it was not taxable then there would be no income to tax. The government wants you to pay taxes. The laundry owner and farmer received something of value and the tax man wants his cut of all such transactions.
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