Daily PUMA Column - Commentary by Alessandro Machi

Showing posts with label bartering. Show all posts
Showing posts with label bartering. Show all posts

Friday, November 28, 2008

Did MSNBC & POLITICO.com CIRCUMVENT IRS TAX LAWS by BARTERING?



Sure looks to me in the image above that MSNBC and Politico.com are bartering their services back and forth, but are they reporting this barter to the IRS? MSNBC gets an "authority" on a subject to appear for free on their television station, and in turn the guest pimps the name of their website in the background the ENTIRE TIME the guest is shown as seen above. This appears to me to be bartering, an exchange of services, which can be construed as income and therefore taxable.

I believe in live and let live, but the method above was one of the prime ways that MSNBC defeated Hillary Clinton this year. Pundits from Huffington Post, Daily Kos, Time, and Newsweek would appear on MSNBC and act like they were an impartial observer when they usually had a preordained position of supporting Barack Obama or slamming Hillary Clinton and her supporters. Many times, it appears that in lieu of being paid, the "Pundit" had a book they had written that would be publicized during their appearance, and on top of that the company they worked for (such as Time or Newsweek) was publicized by MSNBC as well.

This is a form of bartering, and since this privilege was abused by MSNBC to help Barack Obama defeat Hillary Clinton, I think payback, IRS payback, is in order. What do you think? If you know somebody who works for the IRS, ask them what they think.

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