....so I just got my first revolver.

P

PaleGreenHorse

New member
Yesterday I traded a friend of our Tattoo Shop 3 hours of work for a like new Smith & Wesson model 60 with a 2 1/8" barrel. When I say like new I really mean like new as he only fired 50 rounds of .38 special through it. It came with box and papers and I can't wait to try it out at the range. The DA pull is quite nicer than that of my co-workers SP-101 and the SA is very crisp and can only be described as "hair" The amount of tattoo work given for the trade would add up to $360.00 so I thought it was fair on both ends. :)
 
"Hi, I got a Smith I'd like to trade for three hours of your time..."
"Is it legal?"
"Yeah"
"uhhhh...okay!"

You done good! Enjoy the wheel!
 
Unless the shop runs at a loss, $360 pre-tax is at MOST equivalent to $270 after tax, so I'd say that you did REALLY well ... and he did OK too ... That's why the feds hate bartering.
 
Taxes and Tattoo artists are definately an odd and complicated combination, but thankfully I have mine set up with an IRS veteran to where I at least break even each year and occasionally get a few bucks back. Most all have to pay out, and very few ever get a return, so Im ok. The trade is straight across the board with no taxes involved because I can give gifts at no charge. ;)
 
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