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August 02 2011
February 16 2010
February 21 2009
LGJ: Virtual Taxation - Joystiq
"What's next? A 10% tax on your monopoly money income?" " I'd prefer the IRS treat the SL avatar as a foreign citizen and the income as a foreign-earned and only tax the transfer of funds from the foreign entity to the US tax-paying entity, if they want to handle this under the federal scheme. I think it's best handled under a state tax scheme though." Another user points out that virtual money is more like capital gains than income
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