On Sun, 19 Mar 2006 04:07:13 +0000, Roy Schestowitz wrote:
> ,----[ Quote ]
>| An open source tax credit is proposed which would allow individuals
>| who develop open source software to receive a tax credit worth 20
>| percent of their out-of-pocket costs. Corporations and self-
>| employed individuals may already take a deduction for their development
>| expenses for both open source and proprietary commercial software.
>| The open source tax credit provides a similar incentive for
>| individuals who currently have no means to deduct these expenses.
> If successful, this could become somewhat of a death knell to proprietary
Actually, if successful, it would also open up Open Source as a potential
tax source as well. Anyone that uses open source could, theoretically, be
required to take it's fair market value as a taxable "gift" or "barter".
If an open source developer can charge it off as a tax writeoff, then that
shows it costs money to produce. That means anyone benefiting from that is
receiving a contribution of some sort.
I won't put it past the government to try to do that.