MaboCorescant
patreon
Taxing rules changing, not much changing for me.
🕑 Added 2020-05-30 16:22:45 +0000 UTCHello everybody, As some of you may have heard, there are new laws about taxes going into effect in July (a couple months from now) but after having looked through everything I realized it didn't impact me much. I DID however forget to come to you all and let you know first, so I wanted to go ahead and do that still (I think they'll be telling you guys about it in two days XD)
They gave us a cookie cutter response to post into a chat so I thought I'd at least do that before some of the details and the tl;dr here:
"Hi everyone,
I wanted to give you an update on some changes that we’ll be seeing which may affect some of your pledges. Due to new laws passing in several countries and US states, Patreon will be required to start charging sales tax on some pledges starting July 1st.
Less than half of all patrons will be charged sales tax, and for most, the amount will be very small. For example, sales tax rates in the US range from 4% to 11%, so on a $5 pledge, that would be between 20 cents and 55 cents.
Whether or not you will be charged sales tax depends on your location, and what is considered taxable there. Not every pledge is taxable, not all benefits are taxable in every location, and sometimes only a fraction of a pledge will be taxable. The money that Patreon collects as a result of these laws are paid directly to local governments.
I’m working closely with Patreon to ensure I’m able to save you as much money as possible when it comes to sales tax - which is not something that’s possible with other platforms.
If you’re in a location where sales tax will be required, you should expect to receive an email from Patreon with more information about this very soon, but I wanted to make sure you were aware of these changes way ahead of July 1st when they go into effect.
If you have questions, you should be able to find answers here. If you still have questions, the best place to get an answer is from Patreon’s customer support team, here.
Thank you for all of your support."
So what does this mean for all of you? Well in regards to MY work it shouldn't mean much. My pledges are done on a 'support' basis and you're not getting personal digital goods from me as a result, but rather early access. This means that under my programs and for this policy of taxes, no monetary values should change. Additionally, the way things will be set up will reduce the amount of taxes that WOULD need to be paid if any of my content falls under purview of a taxable merchandise by only charging a portion of the tier in relation to the number of rewards (so instead of a full $10 being charged tax, only $2 would be charged because the picture you get is only one part of it) So believe me when I say I'm doing everything I can to keep the burden of taxes on my income on me first.
TL;DR: Nothing TOO dramatic should change, some people might see a small uptick but I don't think any of my rewards will qualify under the laws for taxation. Thank you all for your understanding and support, and I will come back soon with more fresh content :>
Comments
Sugilite
Its not your fault, its also not mine, I couldn't choose where I was born, but it could've been worse. Its just New York sucks and would tax your every breath if it could.
Mabo
I'm sorry, but I'm still doing what I can to not cause them
Sugilite
I hate the state I live in. I hate it so god damn much. I cant wait to get the hell out of here.
ElCid
As far as I can tell, I shouldn't be getting taxed either, since I'm Canadian and this is an America-based site.
