U.S. tax losses to copyright piracy

A report published by the United States Department of Justice stated that $2.6 Billion in Federal, state and local taxes are lost due to movie, music, software and video game piracy each year. The pirated materials also causes the loss of 373,375 jobs within the country.

Source: Jason Ryan, “Cyber Monday: Buyer Beware Counterfeit Goods,” ABC News, The Blotter, November 28, 2011.