How do public market taxes work? - Earth Empires Forum

Dibs Ludicrous

Member
6702

Jan 6th 2011, 23:25:37

if i sell tech at 3k, i get $2830 per unit, and if i buy tech at 3k, i pay $3180 per unit, if the tax rate is 6%? though technically, i want to sell at 5k and buy at 1.

There are no messages in your Inbox.
Elvis has left the building.

Marshal

Member
32,589

Jan 7th 2011, 20:36:29

2820 bucks on sale, buy is correct.

Patience: Yep, I'm with ELK and Marshal.

ELKronos: Patty is more hairy.

Gallery: K at least I am to my expectations now.

LadyGrizz boobies is fine

NOW3P: Morwen is a much harsher mistress than boredom....

Dibs Ludicrous

Member
6702

Jan 7th 2011, 21:43:45

it's not 3k divided by 1.06?

There are no messages in your Inbox.
Elvis has left the building.

Marshal

Member
32,589

Jan 7th 2011, 22:38:50

subtracted.

Tertius

Member

EE Patron
1646

Jan 8th 2011, 0:33:07

aka 3k * .94

Pain

Member
4849

Jan 8th 2011, 0:42:24

for buy its 3k*1.06 no division or subtraction to figure out tax unless you like to do it the hard way.

damn now that i really think about it tech tax is alot.

Your mother is a nice woman

Dibs Ludicrous

Member
6702

Jan 8th 2011, 7:38:22

i don't like the way that the tax man does math when i'm selling junk.

There are no messages in your Inbox.
Elvis has left the building.

Marshal

Member
32,589

Jan 8th 2011, 20:11:40

if you think tax is alot then you could sell in smaller batches.

Dibs Ludicrous

Member
6702

Jan 8th 2011, 21:03:09

i don't think it's alot, just think that some tax man is skimming the proceeds to pay for his illegal gambling debts.

There are no messages in your Inbox.
Elvis has left the building.

Marshal

Member
32,589

Jan 8th 2011, 22:34:53

its copyright payments. :P

afaik

Member
502

Jan 9th 2011, 17:37:21

I've not tested it recently but I think the seller is taxed, AND the buyer is taxed. If you are both you are therefore taxed twice. I may be wrong so would be good if someone (slagpit maybe?) could confirm...

Marshal

Member
32,589

Jan 9th 2011, 21:08:06

ee wiki says that buyer and seller pays taxes (if non-demo).