Patreon is Making a Change
Added 2020-05-30 16:52:16 +0000 UTCHey friends and fans, I just wanted to give you an update on some changes that weβll all be seeing which may affect some of your pledges. Due to some new laws being passed in multiple countries and some US states, Patreon, the whole site, will be required to start charging sales tax on some pledges starting July 1st.
According to what the company has sent to me, less than half of all patrons will be charged sales tax, and for most, the amount will be very small. From what I know the sales tax rates in the US range from around 4% to 11%, so if you're a Support Officer with 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. According to the information I've been sent the money that Patreon collects as a result of these laws is paid directly to local governments.
If youβre in a location where sales tax will be required, you'll probably receive an email from Patreon with more information about this in the coming days, but I wanted to make sure you were aware of the upcoming changes ahead of July 1st when they go into effect.
If you have questions, you should be able to find answers at this link: https://support.patreon.com/hc/en-us/articles/360043055071
Comments
Wanted you guys to know. I still think it's stupid and unnecessary.
Kairomaru
2020-05-31 19:45:14 +0000 UTCThx for the headsup π
Leon Klatt
2020-05-31 18:47:10 +0000 UTCHow true
Joseph
2020-05-31 00:31:11 +0000 UTCThat's the way most modern governments are, "People are spending money and we're not taking a cut?! Write new laws immediately!!!"
Kairomaru
2020-05-30 18:26:16 +0000 UTCWell, I'm glad I live in a state that doesn't have a sales tax, cause this is some bulls***.
Tristan McKenzie O'Meara
2020-05-30 17:59:44 +0000 UTC