4 ms·
Be interesting to see if he could do it. Imagine living in the world where you don't have to actually pay the IRS. Never use money again. One could live in h
by spoiledtechie 17y ago
Be interesting to see if he could do it. Imagine living in the world where you don't have to actually pay the IRS. Never use money again.
One could live in his house or on the road and never need to settle down. Just the fact they have internet can be his way of surviving.
- pbhjpbhj 17y agoBartered transactions are taxable in the UK. I'm not sure how practically they'd find you out. It would probably cost more to establish your bill than you'd end up paying, but I'm lead to believe that if you exchange a cow for goods from a VAT paying business then that business owes the country 17.5% of a cow, etc. Similarly for income tax. I guess it works like inheritance tax really - they assign a value to the item and tax proportionate to that value.