John Noble (![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
jackofallgeeks) wrote2006-12-07 06:29 am
jackofallgeeks) wrote2006-12-07 06:29 am
Taxing the Ephemeral
There are a lot of reasons why Taxing Virtual Assets angers and frightens me.
"Oooo," said the tax auditor, "I see Mendark the Great bought a dragon this year. That's going to slide you into the next bracket, I'm afraid."
And inheritance? "So, wait. My parents had $50,000 in the bank, and $20,000 in stocks and bonds, but they had how many millions in 'virtual property'? And you're taxing me what?"
"Oooo," said the tax auditor, "I see Mendark the Great bought a dragon this year. That's going to slide you into the next bracket, I'm afraid."
And inheritance? "So, wait. My parents had $50,000 in the bank, and $20,000 in stocks and bonds, but they had how many millions in 'virtual property'? And you're taxing me what?"