Are Friendships and Family Relationships Taxable?

Before money existed, people exchanged goods and services through bartering. Even after money became the logical solution to the problem of finding someone who could offer what you wanted and wanted what you had to offer, bartering remained a viable alternative way to do business.

Today, as the Internet has enabled more would-be barterers to find each other, bartering is becoming more common. Online barter exchanges like Merchants Barter Exchange, BarterFest, and Barter Planet help people connect with each other and use barter credits to create a bartering circle. (For example, a crafter may make a quilt for a plumber who fixes a leak for a librarian, who catalogs a personal library fo

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5 Responses to Are Friendships and Family Relationships Taxable?

  1. Jeff says:

    if the IRS had its way, everything would be taxable. Bartering should not be taxed. If taxation can be avoided by simply saying that neither party expected something in return, the tax was ridiculous in the first place.
    get the government’s hand out of your pocket, force them to decrease spending and lower taxes. Vote Ron Paul in your state’s primary/caucus.

  2. Shannon,

    Thanks for the entertaining article. One slight correction to your text: Merchants Barter Exchange is not an internet-based nor online barter company, we have a live, hands on brokerage to process all the trades for our national members. We are very, VERY different to the new, web-based companies out there.

    We are one of the very few national barter companies that transacts all our trades on a 100% barter basis, offers a true cash alternative, does not allow cash-barter blends, nor price gouging or inflation. Simply put, we have a barter system that works for business owners of any size.

    No offense taken, just wanted to make a point of clarification. I found you piece very entertaining.

  3. Ed says:

    It makes me think of “POPEYE” the movie where the tax collector taxes everything.spitting on the street tax, breathing tax..etc. Is that where we are heading.???. why is it legal for the IRS to extort money when extortion is a felony if law abiding citizens do it..Are we getting back to the Boston Tea Party times ?This is why our forefathers came to this land??

  4. Joe says:

    This is why everyone should support TeaParty canidates. You may not like everything he/she is for, but when push comes to shove, it’s your money and if you want to donate to a cause or a group you’re free to do so.

  5. Joe says:

    If our state rep’s are going to decide our fate, we should be able to vote for all of them not just the one’s from our own state. Point..what’s good for Californic may not be in the best interests of the country as a whole. Our founding fathers stated that NO MAN should be taxed from the “sweat of his brow”. The Federal Gov. should operate from taxes and duties collected from imports and corporations ONLY.

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