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Isn't it the case that the use of IP generates wealth which is taxed anyway? So wouldn't that amount to a kind of double taxation?
by sriku 6y ago
Isn't it the case that the use of IP generates wealth which is taxed anyway? So wouldn't that amount to a kind of double taxation?
- haakonhr 6y agoDouble taxation is completely normal. You pay taxes on dividends, which have been taxed as company earnings already. In many places you pay a tax on real estate and other assets, which you of course bought with (presumably) already. Inheritance taxes are another example.
- grishka 6y agoIf you own a house and rent it to someone, you would pay both the property tax on the house itself and the income tax on the rent. Seems normal to me.
- sriku 6y agoThe comparison seems fair .. in the sense that property tax serves to cover the cost to society of the property existing, just as "IP tax" would be to cover the cost to society of protecting the "IP". Looks like such a tax would also separate the concern of protection, from the concern of exploitation of the IP. But I can't imagine how one would tax created IP .. at least in property, there is some sense of "market value", which is anybody's guess when it comes to IP. edit: Maybe IP can be assigned "shares" in wealth injected into the market?
- grishka 6y agoThere is "market value" of IP in the sense that there are prices consumers are supposed to pay for it. The price of a movie ticket, the price of a music album, the price of a video game. The tax can be calculated based on that and the popularity of the creative work in question.
- jgeada 6y agoMy salary is taxed. And yet when I spend it, it becomes someone else's salary, and theirs is taxed too. How come the silly "double taxation" meme is only brought up when we're talking about rich people's money? (ie corporations, rent-seeking structures, etc)