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No one thinks it's necessary; it's just fungible and storable, and therefore more practical than barter. Value-matching with barter is really hard. Maybe I'm a
by wyager 11y ago
No one thinks it's necessary; it's just fungible and storable, and therefore more practical than barter.
Value-matching with barter is really hard. Maybe I'm a neurosurgeon and I want to buy some novelty shot glasses. Must I perform neurosurgery for the shot glass salesman? That's a very asymmetric trade.
- manuu 11y agoMaybe you can advice about neurosurgery, and in return get what you want. I like about these is that it avoid taxes, and that's always a plus.
- itsybitsycoder 11y agoYou're expected to pay tax on the value of barter in many places. Not sure about the US but in Canada you are. Not that anyone does, but if the CRA comes knocking you could be in trouble. :)
- fiveoak 11y agoIn the US this is incorrect, it's classified as barter income: http://www.irs.gov/taxtopics/tc420.html http://www.irs.gov/taxtopics/tc420.html "An example of bartering is a plumber exchanging plumbing services for the dental services of a dentist. You must include in gross income in the year of receipt the fair market value of goods or services received from bartering."