One of the best reasons to be part of a time bank is the community that forms around it. There is an article about time banking in the NY Times (link below) that praises the concept, and points out unexpected health benefits of belonging to a time bank community. It's a lovely article; you should read it. But don't stop at the end of the article. Take a moment and scroll down to the comment section.
I hate to get into a Them vs. Us tussle, but wow, there are a whole bunch of litigious-minded folks down there in the Land of the Skyscrapers. The IRS says that time bank hours are not taxable because the services provided by members to members are essentially charitable acts, which sparks a debate about whether those acts are truly charitable if there is not a registered charity involved. If Michael from LA and Reader from NY can't understand the meaning of charity, then they are probably better off writing a check to the Save the Snarks Foundation and writing it off on their taxes.
Just sayin'.
http://opinionator.blogs.nytimes.com/2011/09/20/the-payoffs-of-time-banks/
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