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	<title>Comments on: Tax Tip of the Week: Barter Income is Taxable Income</title>
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	<link>http://www.businesspundit.com/tax-tip-of-the-week-barter-income-is-taxable-income/</link>
	<description>Entrepreneurship, Startup Companies and Business Philosophy</description>
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		<title>By: Marilyn James</title>
		<link>http://www.businesspundit.com/tax-tip-of-the-week-barter-income-is-taxable-income/comment-page-1/#comment-13236</link>
		<dc:creator>Marilyn James</dc:creator>
		<pubDate>Fri, 03 Apr 2009 16:08:34 +0000</pubDate>
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		<description>Ormita has a website with the history of barter on it which I found interesting - http://www.ormita.com/history-of-barter.html 

I saw a timeline that they also published on money and barter but I cannot find it any more. Either way we have considered using them because they seem to know a bit about bartering. 

The risks I see with barter exchanges are: 
inflation (exchange owners spending barter dollars they dont have)
the wrong mix of members (everyone wanting my product/service but me having nothing to buy)
poor credit control (creating more inflation) 

the only reason I liked the Ormita guys was that they let me join and trade but didnt let me sell until I had things to buy. I had ot fill out a buying schedule of everything I currently spent cash on and then they went away and 30 days later they came back with those things and THEN i started buying and selling. The risks seemed lower to me. 

I flirted with ITEX and other barter systems but i always ended up selling more than I could ever buy. Like I said - barter can be useful but watch out. I think Ormita don&#039;t consider themselves a &quot;barter&quot; system as such - but more an excess capacity exchange or commodity exchange or something. I heard the sales pitch and the difference was a little outside my scope but maybe its just that the trades take place in a relatively short time (both buy and sell) so Im always close to $0 in my account because i spend everything I earn? Anyway if someone has a copy of their &quot;timeline&quot; of barter I&#039;d be interested in getting one. I know I saw it somewhere on the web from Ormita but I cant seem to locate it again. It would be useful to take another look at.</description>
		<content:encoded><![CDATA[<p>Ormita has a website with the history of barter on it which I found interesting &#8211; <a href="http://www.ormita.com/history-of-barter.html" rel="nofollow">http://www.ormita.com/history-of-barter.html</a> </p>
<p>I saw a timeline that they also published on money and barter but I cannot find it any more. Either way we have considered using them because they seem to know a bit about bartering. </p>
<p>The risks I see with barter exchanges are:<br />
inflation (exchange owners spending barter dollars they dont have)<br />
the wrong mix of members (everyone wanting my product/service but me having nothing to buy)<br />
poor credit control (creating more inflation) </p>
<p>the only reason I liked the Ormita guys was that they let me join and trade but didnt let me sell until I had things to buy. I had ot fill out a buying schedule of everything I currently spent cash on and then they went away and 30 days later they came back with those things and THEN i started buying and selling. The risks seemed lower to me. </p>
<p>I flirted with ITEX and other barter systems but i always ended up selling more than I could ever buy. Like I said &#8211; barter can be useful but watch out. I think Ormita don&#8217;t consider themselves a &#8220;barter&#8221; system as such &#8211; but more an excess capacity exchange or commodity exchange or something. I heard the sales pitch and the difference was a little outside my scope but maybe its just that the trades take place in a relatively short time (both buy and sell) so Im always close to $0 in my account because i spend everything I earn? Anyway if someone has a copy of their &#8220;timeline&#8221; of barter I&#8217;d be interested in getting one. I know I saw it somewhere on the web from Ormita but I cant seem to locate it again. It would be useful to take another look at.</p>
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