Comment by kstrauser
5 years ago
I'd be more on board with it if it were taxed like other property. That patent's worth $1B, you say? Better let Accounting know. Conversely: you're suing for $1B for a patent violation but you only paid taxes on it being worth $300? $300 max it is, then.
> taxed like other property.
Most property owned by companies is not taxed.
Actually physical property is at least in my state both physical plant and inventory are taxed.
Interesting, I was not aware of those taxes.
https://taxfoundation.org/does-your-state-tax-business-inven...
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Yep, it's a great idea - treat intellectual property like any other property. However, corporate lobbyists would shoot this sort of legislation down, so i don't have any faith that it can ever come to fruition.