Posted on 12/24/2010 8:49:36 AM PST by DeaconBenjamin
LANCASTER, Pa., Dec. 20, 2010 /PRNewswire-USNewswire/ -- Today's declining economy creates ever increasing financial stress and pressures, causing a struggle to make ends meet. To help solve this problem, a new public service is making its debut nationwide. Community Clearinghouse Agency Inc. is sponsoring a Barter Trade Exchange Network forming a new type of barter service. The new program not only provides income but things people need without spending their money. The agency plans to create some 1500 jobs hiring in all fifty states pumping over $50 million into the economy.
Bartering is thousands of years old, people traded vegetables for grain, the problem was, what if you didn't have vegetables or the other person doesn't need grain? There was no deal; not so with an Exchange. You deal with members who can help you using trade dollars, just like cash. Someone always needs what you have and has what you need; transactions are processed as credits through your account. An initial zero interest credit line of $500 is provided with larger credit lines available.
Dale Vega, Director said "This is not trading, you buy or sell goods and services; printing, healthcare, travel, landscaping, equipment, home repairs, advertising, the list is endless. Help yourself, others and charity too." You can make known your need or service nationwide using the Exchange website (www.barterexchange.org). In addition to membership, the Exchange charges 5% per transaction.
Mr. Vega stated, "Surviving in this economy requires one to be innovative, creating their own income to acquire what they need, learning to spend less. To succeed, you have to watch where your money goes; barter offers both worlds: every one needs or offers something. In the Exchange, you can buy or sell anywhere in the US." When barter income is generated the IRS says it's taxable.
(Excerpt) Read more at news.yahoo.com ...
Can’t wait to see how the government jumps in to tax that!
You cant have transactions without someone paying taxes.
Technically if I give you my hammer and you give it back, TWO tansactions have taken place requiring sales tax to be applied to each.
umm funded by the “united grab” wonder where the $50 million is coming from
I was going to say.... It eliminates the need for cash, but you still have to pay taxes. It’s already the law, though it may be harder to trace or enforce. If they catch you though, they’ll be all over you.
Bookmark
Community Clearinghouse Agency Inc. will probably be taken over by the gubbamint and then turned over to SEIU to make sure everyone is bartering for a “livable wage”.
This barter exchange may be a way of capturing the data on barter transactions for tax purposes.
If you don’t have the cash to buy something, how do you pay for the taxes on a barter transaction?
Quick, the government needs to step in fast and regulate this.
The IRS doesn’t care about that little technicality. It’s your problem.
Don't’ be so quick to throw the baby out with the bath water
BerkShares has been operating spectacularly for over 4 years and has been the catalyst for others to start in other towns and states. (the greatest boost is to local economies and establishing a network for people's access to goods without depending on stuff all trucked in from across the country. That will be crucial after the gov't takes over the trucking industry - and wake up, folks, that plan is well under way. Motto of tyrants: "Who controls the food, controls the people." Ask yourself: "If the trucks stop running - there's enough food in the super markets for ONE DAY - how much food do I have on hand and where do I get more?"
Where there's a will..........Or, you can sit down and suck your thumb.
http://en.wikipedia.org/wiki/BerkShares
In Maine and...
That’s my first thought -
keep i small and local...
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