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Old 12-04-2006, 11:31 AM
Broken Arrow Broken Arrow is offline
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Default Re: Second Life - Virtual World

Quote:
Originally Posted by WellManicuredMan
Is this article trying to say that I might have to pay taxes on the silver and gold I get from killing monsters, etc? That makes no sense.
The way I understand it is that many virtual items appears to have a real life dollar equivalent to it. So, when these items are bought and sold with real money, it's still commerce of sorts, even though the items in question are virtual rather than real. The fact that some people have amassed vast quantities of these virtual assets only draws attention to the issue.

However, I don't think you are at risk of being taxed just for playing a game within its virtual confines.
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