Re: Bartering
[Re: Sullivan K]
#6641371
10/16/19 08:10 PM
10/16/19 08:10 PM
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Joined: Aug 2008
Posts: 16,275 ny
upstateNY
trapper
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trapper
Joined: Aug 2008
Posts: 16,275
ny
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Hahahaaaaaa of course Mr.IRS police man. You are either a thief or you are not. Government steals from me every day.Go get on their case Mr. perfect.dont you have to go milk a donkey or something?
the wheels of the gods turn very slowly
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Re: Bartering
[Re: Sullivan K]
#6641374
10/16/19 08:13 PM
10/16/19 08:13 PM
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Joined: Sep 2012
Posts: 6,120 Northern Wisconsin,Rhinelander
Hodagtrapper
Muskrat Master
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Muskrat Master
Joined: Sep 2012
Posts: 6,120
Northern Wisconsin,Rhinelander
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Hahahaaaaaa of course Mr.IRS police man. So when does it become alright to become just a little bit dishonest? If you are going to steal from the government then is it alright to steal a trap? Both are a crime, are they not? Stealing a trap is not a major event that is going to lane you in prison. So I guess it is not that big of a crime. Breaking the law is breaking the law. Is it like being a little bit pregnant? You are either a thief or you are not. Seems like you ride a very tall horse! Chris
>>In God we trust<<
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Re: Bartering
[Re: Pike River]
#6641475
10/16/19 09:59 PM
10/16/19 09:59 PM
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Joined: Feb 2019
Posts: 1,553 Saucier, Mississippi Harrison ...
turkn8rtrapper
trapper
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trapper
Joined: Feb 2019
Posts: 1,553
Saucier, Mississippi Harrison ...
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I enjoy bartering. I think it is actually a good skill to have. Usually it is an even trade of some sort. If the world ever goes upside down which I don't think it will in my lifetime.(But I'm old) it will be the way business is done.
"Skin that smokewagon and see what happens"
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Re: Bartering
[Re: Pike River]
#6641499
10/16/19 10:31 PM
10/16/19 10:31 PM
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Wylee
Unregistered
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Wylee
Unregistered
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I barter all the time...for anything. Made some pretty good deals. Been screwed once or twice too but that’s the game. Used to trade vehicles a lot..hot rod/custom parts etc. made a lot of great deals. Been trading for traps lately and have scored many users up here in AK...I’d say a couple hundred traps in the few years we’ve been here. I don’t know why but trading gets me all excited...like gambling.
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Re: Bartering
[Re: Sullivan K]
#6641500
10/16/19 10:34 PM
10/16/19 10:34 PM
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Joined: Sep 2013
Posts: 492 Berlin, Pa.
cci
trapper
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trapper
Joined: Sep 2013
Posts: 492
Berlin, Pa.
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Hahahaaaaaa of course Mr.IRS police man. So when does it become alright to become just a little bit dishonest? If you are going to steal from the government then is it alright to steal a trap? Both are a crime, are they not? Stealing a trap is not a major event that is going to lane you in prison. So I guess it is not that big of a crime. Breaking the law is breaking the law. Is it like being a little bit pregnant? You are either a thief or you are not. LOL !!!
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Re: Bartering
[Re: Sprung & Rusty]
#6641563
10/17/19 01:29 AM
10/17/19 01:29 AM
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Joined: May 2010
Posts: 28,978 potter co. p.a.
pcr2
"Twerker"
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"Twerker"
Joined: May 2010
Posts: 28,978
potter co. p.a.
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I don’t I have always gotten the short end of the stick myself Funny, that's what pcr2's wife says. Bahaha.
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Re: Bartering
[Re: Sullivan K]
#6641569
10/17/19 01:59 AM
10/17/19 01:59 AM
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Joined: May 2009
Posts: 15,686 Champaign County, Ohio.
KeithC
trapper
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trapper
Joined: May 2009
Posts: 15,686
Champaign County, Ohio.
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I traded a dozen button quail for about $450.00 worth of used tires and wheels, which would have been about $1800.00 new. Keith And we can assume you declared all this on your taxes, correct? What a rude and asinine question. And can we presume you legally trapped, hunted and tagged all the wildlife you took and paid taxes on all your earnings from trapping, correct? Keith
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Re: Bartering
[Re: Sullivan K]
#6641570
10/17/19 02:04 AM
10/17/19 02:04 AM
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Joined: May 2009
Posts: 15,686 Champaign County, Ohio.
KeithC
trapper
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trapper
Joined: May 2009
Posts: 15,686
Champaign County, Ohio.
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I traded a dozen button quail for about $450.00 worth of used tires and wheels, which would have been about $1800.00 new. Keith And we can assume you declared all this on your taxes, correct? My son-in-law died about 5 years ago. He had a bunch of guns,I don't remember how many, probably around 40. I took them to a friend who has a gun shop here in town. He also goes to all the gun shows in the area. He put them in his shop and also took them to the gun shows. He didn't sell them cheap, he put kind of high prices on them. He charged 15 percent of the sale price. It took about 2 years to sell them all but it was absolutely no work on my part. And can we presume you declared all this on your taxes, correct? Keith
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Re: Bartering
[Re: Pike River]
#6641572
10/17/19 02:28 AM
10/17/19 02:28 AM
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Joined: May 2016
Posts: 3,530 Southern Illinois
Foxpaw
trapper
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trapper
Joined: May 2016
Posts: 3,530
Southern Illinois
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As I read the comments an old family story came to my mind. My grandmother had two brothers that were the doctors in the this area for years. My grandma and grandpa were farmers and not rich by todays standards. Both of the doctors were well-to-do. One got cleaned out on Black Tuesday in '29. He came out $2500 in the hole. He was about to lose his house and farm. My grandma and grandpa were simple hard working farmers. She had saved egg and cream money buried in the back yard for years. She loaned my great uncle the $2500 he needed to satisfy the collectors. Paying her back would have been relatively easy in normal times. But none of his patients had any money. He was bound by his oath to help the poor sick folks. The only pay they had was mostly fruits, vegetables and chickens all of which he and my grandma already had. Fortunately her love for her brother was more than the money. As times got better he repaid her every cent and even delivered two of my sisters, which was perhaps interest.
Determining the worth of items in a barter depends on demand for the product and the timing of the deal. A cup of cold water is worth more in a desert than in a fountain by the lake side. A free market in which people get to decide a commodities or services values is part of the foundation of our Great Constitutional Republic. Trading apples for services is not a fair market when only two people are involved, it becomes more of a free market when an exchange is set up so people are able to make the market liquid. Thus a scalper is able to maintain liquidity while trying to make a profit for his services. That helps do away with the confined use of scrip and keeps the market free. When people can park their investment in something like money that is backed by something like gold or silver, then people can have a certainty their world won't collapse around them. Trading apples for bit coin or fiat money is trade just based on the whim of what someone thinks a pie in the sky is worth.
Barter is not only a forgotten practice but an untaught practice. The basics of free enterprise is not taught as a general curriculum.
We can rest assured that in the end there will be a judgment and the exactor will be there also.
Last edited by Foxpaw; 10/17/19 02:41 AM.
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Re: Bartering
[Re: Pike River]
#6641573
10/17/19 02:45 AM
10/17/19 02:45 AM
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Joined: May 2009
Posts: 15,686 Champaign County, Ohio.
KeithC
trapper
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trapper
Joined: May 2009
Posts: 15,686
Champaign County, Ohio.
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Hahahaaaaaa of course Mr.IRS police man. So when does it become alright to become just a little bit dishonest? So when does it become alright to just go around questioning other people's honesty? You should take the advice you gave on another thread and be less hypocritical. Stay out of it. Stay Out of it.. Stay Out Of it... Stay Out Of It.... STAY OUT OF IT!!!!!!!
IT IS NONE OF YOUR BUSINESS
Keith
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Re: Bartering
[Re: Pike River]
#6641574
10/17/19 02:50 AM
10/17/19 02:50 AM
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Joined: Jan 2014
Posts: 91 Idaho (north central)
Katcatcher
trapper
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trapper
Joined: Jan 2014
Posts: 91
Idaho (north central)
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I think I agree with what Pike River said. I am a little confused on all this talk about bartering and tax law. Let me give an explain why. I own a car and it breaks down and needs repaired, so I trade it for a horse that I think is worth as much or more than the car is to me. My question is where do I put it on my income tax form. It is not wages because I am not working and getting paid for the horse. It is not a business profit or loss because I am neither a car dealer or a horse trader. I owned the car and traded it off for what I and the back yard mechanic who I traded it to for what we thought was of equal value to each of us. So where is the profit or loss even if I were a car dealer or horse trader? To me that is like me needing to report to the government a trade I made yesterday when I gave a friend 2 - $5 bills and a $10 bill for his $20 dollar bill. That I think is exchanging one item for another of equal value and is not anything that needs reported to the government since it is neither wages, interest or a business profit or loss for either me or the guy I traded with. {Come to think of it my wife never gave me the $20. LOL}
I am not sure where someone is being even a little dishonest because they do not report all barters or trades they make. One more example of what I did last week. I went to the local salvage yard and got 4 or 5 scrap pieces of square tubing to use to make some heavy duty wolf swivels. I ask the foreman "how much?" and he told me "Don't worry about it. Next time you come in bring some scrap iron about the same weight." So I will take some old brake rotors in for the exchange. So I guess I am still bartering and I hope I am not breaking some government law by not reporting it. Pete
BETTER WILDLIFE MANAGEMENT BY GAME MANAGERS LISTENING TO "REAL" KNOWLEDGEABLE HUNTERS AND TRAPPERS
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Re: Bartering
[Re: Katcatcher]
#6641605
10/17/19 05:52 AM
10/17/19 05:52 AM
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Joined: Oct 2018
Posts: 5,570 Dunbar, Wisconsin
Pike River
OP
trapper
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OP
trapper
Joined: Oct 2018
Posts: 5,570
Dunbar, Wisconsin
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I think I agree with what Pike River said. I am a little confused on all this talk about bartering and tax law. Let me give an explain why. I own a car and it breaks down and needs repaired, so I trade it for a horse that I think is worth as much or more than the car is to me. My question is where do I put it on my income tax form. It is not wages because I am not working and getting paid for the horse. It is not a business profit or loss because I am neither a car dealer or a horse trader. I owned the car and traded it off for what I and the back yard mechanic who I traded it to for what we thought was of equal value to each of us. So where is the profit or loss even if I were a car dealer or horse trader? To me that is like me needing to report to the government a trade I made yesterday when I gave a friend 2 - $5 bills and a $10 bill for his $20 dollar bill. That I think is exchanging one item for another of equal value and is not anything that needs reported to the government since it is neither wages, interest or a business profit or loss for either me or the guy I traded with. {Come to think of it my wife never gave me the $20. LOL}
I am not sure where someone is being even a little dishonest because they do not report all barters or trades they make. One more example of what I did last week. I went to the local salvage yard and got 4 or 5 scrap pieces of square tubing to use to make some heavy duty wolf swivels. I ask the foreman "how much?" and he told me "Don't worry about it. Next time you come in bring some scrap iron about the same weight." So I will take some old brake rotors in for the exchange. So I guess I am still bartering and I hope I am not breaking some government law by not reporting it. Pete
You would record it on a schedule C as if you're a sole prop. Add up all the tomatoes, horses and mechanic work you received as your gross revenue then deduct all the ADC, tree trimming and pelts you bartered for them as your expenses and if you're like most you'll come out at a profit of about $0.00
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Re: Bartering
[Re: Pike River]
#6641794
10/17/19 09:41 AM
10/17/19 09:41 AM
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Joined: Sep 2013
Posts: 18,617 Green County Wisconsin
GREENCOUNTYPETE
trapper
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trapper
Joined: Sep 2013
Posts: 18,617
Green County Wisconsin
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You would record it on a schedule C as if you're a sole prop. Add up all the tomatoes, horses and mechanic work you received as your gross revenue then deduct all the ADC, tree trimming and pelts you bartered for them as your expenses and if you're like most you'll come out at a profit of about $0.00
that was how I did the math equal value exchange no profit is made no profit to tax.
America only has one issue, we have a Responsibility crisis and everything else stems from it.
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Re: Bartering
[Re: Pike River]
#6641838
10/17/19 10:09 AM
10/17/19 10:09 AM
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Joined: Jan 2014
Posts: 610 Wyoming
thedude055
trapper
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trapper
Joined: Jan 2014
Posts: 610
Wyoming
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Side bar from the discussion about ethics and all. Lol. When I lived in Washington i traded a nice riding mower for a fishing boat. No big deal i thought. I went the the courthouse to get the boat titled and they asked how i purchased it. Thinking i will just be legit about this and tell the truth and said i traded a lawnmower for it. I was told that you cannot trade "unlike" items. Meaning if i got a boat i needed to trade a boat. In turn what i was told i had to do was create a bill of sale for market price for each items and claim each of them as purchases and pay taxes on those items. Needless to say I had to have that explained to me a few different times and still didn't understand how it wasn't the state filing false documentation to claim taxes. After all of this I drew up the fraudulent paperwork and stated that i paid an imaginary $250 for the boat. Then i was told that I was going to have to pay taxes on fair market value not the imaginary number they told me to create. When it was all said and done i never did get tags for the boat. I ended up selling it for cash and creating an actual bill of sale for another boat and was able to get tags in minutes. One of the main reasons why i left Washington.
Owner Wind River Trapping Supplies
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