The Dam has Broken for SL

yes, yes, yes... You are talking about one thing, and everyone else is talking about another, and you haven't hammered your point into the ground sufficiently yet. It's a hard, hard thing to be a crusader, isn't it?

It really isn't necessary to be so nitpicky when someone says that they pay their taxes, you know damned good and well what they mean.


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Considering that the OP who started this thread was talking about tax in a new light for the world, then it was neccessary to be nitpicky. Just as you deemed it neccessary to put your two cents in.

Colette got the answer. Bickering can stop now.

The end has been nigh as long as I've been in SL. I've lost track.

The windlight sky is falling!

That makes me ask a question, does Anshe Chung get taxed? Does she even live in the United States?

We'll be too dazzled by the shiny to notice!

I hear they have taxes in all sorts of countries.

Who Knows?

She lives in Germany

The tax thing is really a non-issue. If you sell your L$ for US$, that's income, and you declare it as such according to the laws of your country.

Balderdash!

Next thing you know, you'll be telling me they have LAWS too!

No, it wasn't necessary and you know it

The original poster's entire point about taxes hinges on the mistaken belief that "Linden Labs has made a defacto admission that Linden Dollars are indeed a true currency".

They have done no such thing, although it is certainly in their best interest to make sure that if government agencies do eventually decide that it is "a true currency" that they (LL) at least have taken some steps toward damage control.

Many of us residents already pay taxes on what we make from "cashing out" our $L from SL despite the fact that there have been no legal rulings on whether it is required, even if we are not absolutely certain that the $L itself is a true currency. I pay taxes on income earned from SL myself, primarily because I do not want the IRS to decide some day that I owe them two years of back taxes. I see some of LL's recent moves as being similarly proactive, and I support such decisions.

Being asinine and saying "it was necessary" might be fun for you, but it doesn't change the fact that you knew damned well what was meant by the posts you were replying to.

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except agaisnt online gambling.

Income.

Lets define that.

So... selling your used games, computer parts for cash is classified as income? You declare what you work for, and SL is a virtual world... converting L$ to $ could be declared as an income and those who do, are simply losing out. Those who don't gain. Remember, your authorities can not do anything to you unless you have laws on virtual incomes. Because you could have easily been selling your used stuff and when you convert that to cash, you class it as income and lose it. Why? besides... whatelse can governments come up with to make more money i wonder *thinks*

Considering it's only 300 meters up from the ground, I can see that.

Your country's tax laws will define income for you. In most cases I think you'll find, that US$ hitting your bank account as proceeds of a business will count as income. It's not "could be declared" - it's should.

The existing tax laws adequately cover income from a business, the virtual nature does not exempt this.

Yikes I live "over" the new sky?

0.0

If she isn't married, the German tax authorities will get close to 50% of her income if she doesn't commit tax fraud, that is. Of course, only the amount she cashes out is taxable, not monopoly money income.

I believe I read quite recently that she is married.

Cool expert economics commentry from a noob witth less than a month and 11 posts under their belt