Entry Posted January 14, 2006

http://www.legalaffairs.org/issues/January-February-2006/
feature_dibbell_janfeb06.msp
Julian Dibbell makes $11,000 selling items on Ultima Online, asks the IRS if this is taxable income, or what. They don’t know, and suggest that he pay $650 + lawyers’ fees to find out. (I think part of the problem here is that some of this money is bound up in virtual objects still held within UO—although fundamentally I don’t see why the issue is that different to the issue of taxing stock market gains, another self-contained system of completely virtual “goods.”) 14:29