According to an article in Forbes, “Taxing Virtual Worlds,” Congress has begun holding hearings about taxing commercial activity in virtual worlds. Discussions included the taxability of “buying” weapons in World of Warcraft, and commercial exchanges in the virtual world of Second Life. If it weren’t so scary, it’d be funny. Studies and research are under way estimating the potential tax revenues. I know that Congress operates on an “if it moves, tax it” principle, but isn’t it depressing to see our tax dollars put to work figuring out new ways to tax people more?
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Virtual Sales, Real Tax
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According to an article in Forbes, “Taxing Virtual Worlds,” Congress has begun holding hearings about taxing commercial activity in virtual worlds. Discussions included the taxability of “buying” weapons in World of Warcraft, and commercial exchanges in the virtual world of Second Life. If it weren’t so scary, it’d be funny. Studies and research are under way estimating the potential tax revenues. I know that Congress operates on an “if it moves, tax it” principle, but isn’t it depressing to see our tax dollars put to work figuring out new ways to tax people more?