get the facts > Time Banking > Can I buy and sell things with Time Dollars?
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Yes – if you charge only for the hours it takes to produce something in TD$ and for cost of the materials in regular dollars.
For instance, if you make a scrapbook for someone, you would charge TD$ for the number of hours it took to make and the member receiving the scrapbook would pay for the materials used.
The important thing to remember, however, is that in order to maintain the TD$ tax-exempt status, you can never make an equivalency between a TD$ and regular dollar.
Last updated on October 21, 2010 by getavision admin








