because making money without giving some to your local government is a crime.

My biggest concern is more that companies that offer a way to purchase ingame currency while also allowing you ways to farm it without buying it are opening a door for the IRS to start taxing game currencies earned w/o making any actual real money purchases.

Not taxes.

This post was edited by Ep0ch on Nov 30 2017 06:06pm

that is correct, unless its small enough that they dont care

please refer to edit.

lol

If you earn the in game currencies and convert them to money, that is income. If you leave it as game currencies, they dont give a fuck.

If you bought a stock at 1$ and its now 100$, you dont have to pay capital gains until you sell that stock.

For now. The trouble will be when game currency is treated digital currency, and then taxation on gamers for having loads of game wealth.

This post was edited by Ep0ch on Nov 30 2017 06:14pm

They will not change that either...

Heres hoping.

its not hoping. Many short term assets people can hold (game gold, stocks, etc) have volatile values. So each time your stock re-values, is the IRS going to demand more taxes or pay you back for your loss? i dont think so.

The IRS is not a legal entity. If they can operate illegally and force you to pay illegal taxes at gun point i wouldnt be so fast to assume they would not be willing to do something.