It would seem that the government is seriously considering taxing assets acquired from online games like Everquest and World of Warcraft because they could have a "real world" value. Apparently gamers are "selling" some of their virtual items on Ebay for real world dollars. Because of this, the government is considering whether or not these items have taxable value - even if you don't sell them. Should you die with a munificent amount of virtual assets, your heirs could be taxed real dollars.
Do you think perhaps - just perhaps - virtual tax wouldn't be necessary if the government did something novel like, oh.. maybe making the uber rich pay their fair share in taxes?
Insane. Absolutely insane.
Thursday, December 14, 2006
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4 comments:
why not tax virtual assets, the government spends virtual money. how high is the national debt?
fish
(laughs) Good point. It's ALL crazy.
That is a good point. In all seriousness though, it is amazing that someone might tax billions of one's and zero's in a computer somewhere. If that happens, they are morons, because the potential for fraud is unbelievable. As it is, there is way too much corruption in government without having to deal with this.
J
An online cartoon suggested that taxing virtual assets would be ok, but that the Government should be required to collect them In Game. Just think of the new sport: Gank the Tax Man!
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