Originally Posted by
FL370esq
Well.....you've gone straight to a nuance of barter. 😁
Look at it this way. The farmer got his barn painted and, instead of paying cash to the painter, he paid with meat which the painter agreed was equal to the value of his services. Would you pay income tax on someone painting your house? I'm thinking no but you would pay income tax on money paid to you for performing a service. Now, if the farmer tilled the painter's back lot in exchange for the painter painting the farmer's barn, the mutual income issue becomes a player.
For the sake of argument ('cause I like a good argument!) What's the difference between the farmer tilling the painters back 40 and giving him the cow? I mean, that farmer raised that cow from a calf and has invested time and energy into it. That cow's probably worth a lot!!!
Denny