Economist Predicts Taxation of Online Game Assets
“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,” said Dan Miller, a senior economist with the Congress’ Joint Economic Committee, who is also a fan of virtual worlds. “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.”
Anyone who has followed MMORPGs knows that the economy of these games have been blowing up since Everquest. Years ago the economy of everquest was rated higher than some real countries. Read this story with a grain of sensationalist salt, however, as it’s only one economist’s prediction. Expect more coverage of this topic here in the future.