United States

Brave New World: Uncle Sam is taxing robots as companies invest in advanced tech

It’s a brave new world for the IRS: taxing robots. Uncle Sam is padding the Treasury with millions of dollars to assess bots at the same time that corporations invest more in advanced technology and labor-saving machinery, according to experts. New “robot” taxes are expected to multiply in the coming decades as millions of Americans see their jobs automated away. “Yes, governments already tax robots because they tax virtually everything that goes into developing and making robots,” economist and author Mark Thornton told The Post. “In a few cases, there are subsidies such as government grants for robot development. But that still means they are taxing you and me to provide the subsidies.” Taxing robots — a proposal fi ...