Taxing virtual worlds

On Legalaffairs.org Julian Dibbell writes about whether gold pieces are taxable income, even if you don't sell them. Quoting some hilariously inane rules of the US tax code ("If you steal property, you must report its fair market value in your income in the year you steal it unless in the same year, you return it to its rightful owner"), the article is funny, but not very realistic. In a Michael Moore moment Julian tries to get the IRS to give him a definitive answer, but then doesn't pull it through due to the cost involved.
- posted by Tobold @ 3:57 PM Permanent Link