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25388: Re: [MUD-Dev] Real money and virtual worlds
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From: Amanda Walker <amanda@alfar.com>
Newsgroups: nu.kanga.list.mud-dev
Date: Thu, 14 Nov 2002 11:04:41 -0500
References: [1]
Organization: Kanga.Nu
On 11/13/02 4:42 AM, Dave Trump <trump@trumps.net> wrote:
> I saw something today about the states agreeing on internet
> taxation. How long until the IRS, Federal Govt, perhaps even
> Microsoft or some other nafarious organization comes and trys to
> get the cut they think they deserve from your ingame dealings?
This came up several months ago on the list during the blacksnow
discussion, as I recall. This is one of the dangers of claiming
that in-game assets have real-world value. For things like eBay
auctions, claiming "miscellaneous income" is probably sufficient,
but the general principle is that if you make real money on a
transaction, the IRS wants you to pay real income tax on it. No
free lunch.
Amanda Walker
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