Quote:
Originally Posted by Brenda Archer  Fascinating. I know the IRS requires income above the hobby level to be treated as ordinary business income. That part is ok to me. The part that wouldn't be okay is a tax on transactions, since micropayment transactions already have to be cheap to process in order to make sense. Let's hope governments see this before doing something dumb. |
right now they treat Lindens like stock
It's virtual income, with a fluctuating value.
It's only when you cash out that they can and will tax it.