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Re:Yahoo Triples Estimate of Breached Accounts to 3B by darkerside on Wednesday October 04, 2017 @07:54AM (#15399812)
Like data in general, user data is essentially worthless until aggregated en masse and refined into insights. But when you consider how much data companies are hoarding, it doesn't take much of an assessed value to create a nontrivial taxable asset.

Also, it doesn't matter that there's an exchange happening. Sales tax and income tax are assessed on fair exchanges of goods, services, and currency.

Re:Yahoo Triples Estimate of Breached Accounts to 3B by fny on Wednesday October 04, 2017 @10:53AM (#15400867)
Sales tax isn't paid on trades. When you trade in a car for $2k off a $10k car, you only pay taxes on the difference: $8k.

And if you grow oranges on your property that you never sell, you never pay taxes on those oranges.

Re:Yahoo Triples Estimate of Breached Accounts to 3B by panarky on Wednesday October 04, 2017 @11:13AM (#15401030)
Not in California.

If you accept a trade-in on the sale of a vehicle, the allowance for the trade-in cannot be excluded from the amount on which tax is based.

For example, if you sell a car for $20,000 and accept a trade-in valued at $4,000 as partial payment, tax is based on the $20,000 selling price.

Source: http://www.boe.ca.gov/pdf/pub34.pdf

Re:Yahoo Triples Estimate of Breached Accounts to 3B by fny on Thursday October 05, 2017 @02:38PM (#15411511)
I shouldn't have used vehicles since they are a special case in some states. At the federal level, taxes on barter income match my description. [0] Taxes are still zero if the company can claim the fair market value of the services they offer you equal the value of your clicks.

[0]: https://www.irs.gov/taxtopics/tc400/tc420

Re:Yahoo Triples Estimate of Breached Accounts to 3B by mkhalil on Wednesday October 04, 2017 @11:39AM (#15401255)
Never heard of this, probably because in my state it doesn't apply. In 42 out of the 50 states (excluding California, Hawaii, Kentucky, Maryland, Michigan, Montana and Virginia [Oregon has no sales Tax]) however, this does apply.

Still though, the example is a good one. You're trading your data for a service. There isn't anything to tax.