4 ms·
Sounds like time banks. http://www.timebanks.org/ http://www.timebanks.org/ "For every hour you spend doing something for someone in your community, you earn
by kalvin 18y ago
Sounds like time banks.
http://www.timebanks.org/ http://www.timebanks.org/
"For every hour you spend doing something for someone in your community, you earn one Time Dollar. Then you have a Time Dollar to spend on having someone do something for you. It's that simple. Yet it also has profound effects. Time Banks change neighborhoods and whole communities. Time Banking is a social change movement in 22 countries and six continents."
- DaniFong 18y agoTimebanking is a great concept. However, amazingly, the IRS also considers 'time banking' tax evasion. Apparently, if someone does something for you as a favor, you're supposed to log it as 'income' with wages charged at 'fair-market-price'!
- jgrahamc 18y agoIt would appear (IANAL) that time banking could be considered a form of bartering which is covered by the IRS here: http://www.irs.gov/taxtopics/tc420.html http://www.irs.gov/taxtopics/tc420.html "The fair market value of goods and services exchanged must be included in the income of both parties."
- stcredzero 18y agoA free forum that just happened to have features that made it a good ad-hoc barter network would be popular.