Comments on: Congress set to issue virtual taxation report in August

The Congressional Joint Economic Task Force expects to issue its report on the taxation of virtual goods this August during the Congressional recess.

[hawaiianvolcanoes]

Well well well....so "net business" will simply move off-shore.

And with it more jobs. It's bad enough that some states like North Dakota etc... are frothing at the mouth over a few poor people here and there ordering things over the net. Taxes alter peoples buying habits...period.

[Jahntassa]

This isn't a 'net business' issue

Once again, knowing what the article is talking about is helpful.

This has NOTHING to do with taxing sales of physical goods over the internet. Nothing to do with buying from Amazon or NewEgg.

This has to do with World of Warcraft, Second Life, and any number of other 'Virtual Environments' where people sell and trade. Sometimes, like in the case of Second Life, for real money.

If this goes forward, it would only make sense (if it made sense at all) to tax things that can translate into real-world monies. For example, World of Warcraft. You receive items and trade / auction items constantly. Are you telling me there's going to be a real 'dollar value' tax on these virtual items?

Ridiculous.

[palewook]

its dumb.

that simple. if congress and the irs want to start taxing imaginary items that are made of 1's and 0's which have no real world value (see the eula you sign with most mmorpgs), they can start paying everyone's monthly gaming subscription fee, your monthly ISP subscription, and spend the time raiding on our toons. they can have all the drops too.