Cohousing-L Mailing List: Re: Paying members - L.E.T.S.

[apguirard (apguirard]

LETS sounds to me like a way of avoiding taxes.  Ordinarily, if I pay
Bob to build a garage for my house, and Bob pays me to set up an
accounting system for his construction business, then that's taxable
income for us both.  If we're exchanging imaginary "credits" instead
of "real money," I suppose it's a different question.  No doubt the
government will find a way to get its cut eventually, however.

Andre Guirard