Congress to Revisit Virtual Goods Taxation 205
News.com has the word that congress is set to re-visit taxing virtual goods, a concept they shelved a while back in order to consider the matter more fully. That's given the Congress' Joint Economic Committee time to come to a decision about what exactly the value of virtual goods means for players and game-makers. An economist with the group told CNet to expect their report sometime next month. "What that report will say is unknown, as the committee has kept entirely quiet about its thoughts. However, it's clear that something will happen. 'Given growth rates of 10 to 15 percent a month, the question is when, not if, Congress and IRS start paying attention to these issues,' [senior economist Dan] Miller, who is a fan of virtual worlds and economies, told CNET News.com in December. 'So it is incumbent on us to set the terms and the debate so we have a shaped tax policy toward virtual worlds and virtual economies in a favorable way.'"
Awesome (Score:5, Funny)
Big deal (Score:5, Funny)
Re:Live with it... (Score:5, Funny)
I think President Reagan said it best:
"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."
Re:Its really really simple.... (Score:4, Funny)
Taxing "Virtual Goods"? I'm all for this. (Score:3, Funny)
Re:Live with it... (Score:4, Funny)
So that's why politicians are always voting themselves pay raises!
- RG>
Re:Live with it... (Score:5, Funny)
I take it a dead body rolling downhill would be taxed, regulated and subsidized and in some states allowed to vote.
Re:Live with it... (Score:5, Funny)
They're already in congress.
Oregon Trail (Score:3, Funny)
You have 14 oxen
Your water barrels are 12% full
You have 2.3 days of rations
You have $43
You have traveled 1349 miles
(H)unt (T)rade (G)o (P)ay Taxes
>G
It's Apr 16, 1837
You have 15 oxen
Your water barrels are 8% full
You have 1.3 days of rations
You have $43
You have traveled 1378 miles
There is a warrant out for your arrest for tax evasion.
(H)unt (T)rade (G)o (P)ay Taxes
>