Kiara_Kat Posted December 15, 2006 Share Posted December 15, 2006 This week's Tip.It Times has been released. Feel free to discuss the article or post any comments. If you have any criticism, please make sure it's constructive! :D Tax Collection ÃÆââââ¬Å¡Ã¬Ã¢ââ¬Ãâ A New RuneScape Skill for the Future? The Editor Only two things in life are certain: death and taxes. Or so the old saying goes. Runescape and other MMORPGs are apparently not life, as in them death is no more than a minor inconvenience and there are no taxes. At least not yet. Recently the Wall Street Journal reported on the phenomenal success of RuneScape. There have been articles on a couple of high-level economics websites discussing the economies of online games and their relationship to real world economics. Suggestions have been made for using online games as economic modeling tools. All this publicity has resulted in some... Click here to read the rest of this article. Remember, the SEARCH button is your friend. Use it! Link to comment Share on other sites More sharing options...
Shaddd Posted December 15, 2006 Share Posted December 15, 2006 Very nice read. :) Link to comment Share on other sites More sharing options...
confused Posted December 15, 2006 Share Posted December 15, 2006 Hmm... interesting. :-k ....:::Datasi:::.... ....:::99 Magic:::.... ....:::99 Thieving:::....http://img218.imageshack.us/img218/3741/picture15jm6.jpg[/img:c156a Link to comment Share on other sites More sharing options...
PkMARIO Posted December 15, 2006 Share Posted December 15, 2006 So...what about you bore us all with an erudite philosophical discussion of the morality of taxation here, editor? :mrgreen: PkmarioPorygon 64Black Charlizard Link to comment Share on other sites More sharing options...
liam892005 Posted December 15, 2006 Share Posted December 15, 2006 :shock: a new one eh? Wow, I best read it! :P EDIT: Woot 4th post :P Returned 10/03/2010 after a two year break. Link to comment Share on other sites More sharing options...
Pinkbullet3 Posted December 15, 2006 Share Posted December 15, 2006 Taxes... :ohnoes: Nice read, too. :) (As always...) ^ Blog. Link to comment Share on other sites More sharing options...
das1330 Posted December 15, 2006 Share Posted December 15, 2006 intresting, but itll never happen mainly because, like stated in the article it wouldnt be worth it to figure out the total taxable income Link to comment Share on other sites More sharing options...
KCHughes Posted December 15, 2006 Share Posted December 15, 2006 Luckily for me, I can spot communism from a mile away, even in online games. the russians are the best! Hands down! Link to comment Share on other sites More sharing options...
elmo_killer6 Posted December 15, 2006 Share Posted December 15, 2006 article is interesting i dont think the IRS has any right to tax us for playing an English based online game not that it affects me i dotn pay taxes anyway Link to comment Share on other sites More sharing options...
Joordaan Posted December 15, 2006 Share Posted December 15, 2006 NicePost! Pay it forward! Link to comment Share on other sites More sharing options...
Warhammer Posted December 15, 2006 Share Posted December 15, 2006 Well theoretically anyone that makes money is supposed to pay taxes depending on their government laws, in the u.s even if u are under 18 you probably would still have to pay taxes its just you gotta make over a certain amount to even report that you are making money in the first place. I think it was like 700 dollars now, then after that you gotta make like more than 10grand a year to have to pay taxes. By law minors aren't allowed to work until they are of certain age, there are some job exceptions such as acting... anyways point is anyone that usualy does receive money is suposed to report it as income. That ofcourse does not include parents giving kids allowance. And just so you all know, banks do report how much their customers have in their bank, so technically all that money deposited into bank, bank reports it as income. Soo ..... kids don't try this at home: Withdraw 1grand out of bank idono maybe 100 if u got that much atleast? then deposit it back into bank withdraw once again.... do that couple thousand times. Well maybe bank won't allow u to do it, but in theory bank might end up reporting that you made couple grand not realizing it was that same money put in and out. Link to comment Share on other sites More sharing options...
dpostorivo Posted December 15, 2006 Share Posted December 15, 2006 Tax rs!!! What is the IRS thinking!! Link to comment Share on other sites More sharing options...
blouinator Posted December 15, 2006 Share Posted December 15, 2006 i really didnt understand what was going on in tis thread i got most of what the editor talked about but ya still confusing but very interesting Link to comment Share on other sites More sharing options...
Xewleer Posted December 15, 2006 Share Posted December 15, 2006 article is interesting i dont think the IRS has any right to tax us for playing an English based online game not that it affects me i dotn pay taxes anyway Hes right, itll have to be the British equivalent of the IRS My aunt works there and pays for me But i think you're right, but not about the taxing RS. it will be the Amount of REAL WORLD tm money that they get not the actual gp (how do you get tm in a ball?) And I think it would b silly to claim millions, the Brit IRS isnt gonna count taht as chairty if you got pked I'll show you how terrifying a true Christian can be!It's Xewleer: ZEW le ar, got it memorized?Hermit of the Varrock Library and its proud guard. Link to comment Share on other sites More sharing options...
brave Posted December 15, 2006 Share Posted December 15, 2006 Have I got the date wromg? For a minute I thought it was 1st April. Apart from anything else Jagex is a UK company and is free from intervention of ANY US, or for that matter any other (except obviously UK) government body. Thank goodness. Link to comment Share on other sites More sharing options...
RoswellCrash Posted December 15, 2006 Share Posted December 15, 2006 So you started telling us they could be taxing, online games then ask if Jagex is in danger of paying tax, then you point out that there is no way they can charge tax because JaGeX is a UK based company, all seem to be working out at the end of your article. Fantastic read. So basically the IRS wants to tax currency in online games that has a real world value, and that is not that case with JaGeX so there was no need to write the article :-s Even if JaGeX was based in the US and was a US company it could not tax (fake) money on a game, they would pay taxes on there earnings from people subscriptions like JaGeX do already. - Twitter | RuneScape FB Group | My PC Link to comment Share on other sites More sharing options...
Umega Posted December 15, 2006 Share Posted December 15, 2006 I've heard of that Second Life "game" on the news. Basically you have a much more better life style on their with your character/avatar. It's a bit like sims, but with other people playing, you can get a job ingame and earn real money. I've heard the game has taken off quite well. No longer playing Runescape, I caught the WoW bug. Link to comment Share on other sites More sharing options...
nelch Posted December 15, 2006 Share Posted December 15, 2006 very good article! raised some interesting points but as you said it dosnt really apply to runescape..... Link to comment Share on other sites More sharing options...
devial1 Posted December 15, 2006 Share Posted December 15, 2006 I loved the closing. It has very good points, and I personly hate the IRS, money hungry people. Keep up the good archives. Take the Magic: The Gathering 'What Color Are You?' Quiz. Link to comment Share on other sites More sharing options...
Scudman126 Posted December 15, 2006 Share Posted December 15, 2006 RS is british based, don't expect to see the american tax dealings to get invovled anytime soon. -.- Link to comment Share on other sites More sharing options...
Humuhumunuku Posted December 15, 2006 Share Posted December 15, 2006 Hey look on the bright side, at least we would finnaly find out how much money there is in the game :D Link to comment Share on other sites More sharing options...
aznmidget448 Posted December 15, 2006 Share Posted December 15, 2006 Haahaa, good luck getting your coal! As for the taxes, that would get annoying. Jagex would probably have to raise the price for members, which would be a pain for some people (I don't have members anyways, so it wouldn't affect me). Link to comment Share on other sites More sharing options...
gantail Posted December 15, 2006 Share Posted December 15, 2006 You know i kind of have one small word..BRITSH, runescape is not in the U.S of A. So taxes i dought it, but i really enjoyed the article and i DO support the 12th rule over all this seems a well thought out well put together issue! I personaly loe hearing other ppl's idea so keep the articles coming! ~Gantail Link to comment Share on other sites More sharing options...
Doomster Posted December 15, 2006 Share Posted December 15, 2006 Since there is no official cash value in RS items (or gp) and trading them off-game is a banning offence, the only tax due should be levied on the gold and item selling sites, and good luck collecting it from any of them! Link to comment Share on other sites More sharing options...
Satenza Posted December 15, 2006 Share Posted December 15, 2006 I liked it, I'd like to know your philisophical and moral view on taxation. But as that will never happen, i'd like to say that the internet isn't subject to the same rules as countrys are, and besides, Jagex pays tax on their company. So i don't understand why pixels could be subject to taxation, and by who? With so many trees in the city you could see the spring coming each day until a night of warm wind would bring it suddenly in one morning. Sometimes the heavy cold rains would beat it back so that it would seem that it would never come and that you were losing a season out of your life. But you knew that there would always be the spring as you knew the river would flow again after it was frozen. When the cold rains kept on and killed the spring, it was as though a young person had died for no reason. In those days though the spring always came finally but it was frightening that it had nearly failed. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now