Something Something Taxes
Added 2020-05-29 03:26:01 +0000 UTC
Okay. Patreon says to put up a post. So here it is. Thanks to greedy untaxed billionaires, us schmucks have to pay for sales tax. Due to new laws passing in several countries (mine included) and US states, Patreon will be required to start charging sales tax on some pledges starting July 1st.
Now, Patreon has set up some things I can do on my end, so I don't know how it'll affect some things. I've made some adjustments, and all I can tell is that any tier below $10 may not be taxed. Probably.
Remember that this Patreon is Yourself-First
I'll fill this with other words Patreon has to say:
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.
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.
