voiceboss
patreon
Something Something Sales Tax
🕑 Added 2020-05-08 05:06:21 +0000 UTCHail Coconauts,
I wanted to give you an update on some changes that we’ll be seeing which may put a small annoying wrench in pledging. 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 (as well as some overlord’s evil lair, I hope).
“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” is what Patreon told me should be written – but I’m just gonna say that if you wanna drop your pledge amount, you are more than welcome to!
I totally understand, especially in these unsure times.
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 for being you.
Love,
Codot xx
Comments
That's a good question - as I understand it, it would be paid toward the local government of the patron, not the company or the creator.
Interesting. Whose locality gets the tax? Ours? Yours? Patreon's? In any case, I am glad to be in a place where I can still support awesome people!
I have no fear of these so-called 'taxes'.
