Taxes, Second Life and Warcraft
An anonymous reader wrote in to say that there is "...a new law review article that explores the tax treatment of players in Second Life and World of Warcraft. The bottom line is that commercial activity that occurs in virtual worlds should be taxed the same as in the real world. But purely personal activity within virtual worlds should not be taxed."
This could mean the end of the World......of Warcraft.
Sorry, but I couldn't help it.
Does this mean if I have an epic ninja looted from me I can write it off?
I'd only want to pay this tax, if I can pay these taxes with virtual money.
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The nice thing about articles like this is that they give us a handy way to figure out who should go up on the wall first when the revolution comes.
Less government involvement???
You've obviously failed to account for the effort governments expend in monitoring all online activity so they can enforce those taxes.
Sheesh!