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.

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Marshal

Member
32,589

Jan 7th 2011, 20:36:29

2820 bucks on sale, buy is correct.

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Dibs Ludicrous

Member
6702

Jan 7th 2011, 21:43:45

it's not 3k divided by 1.06?

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Marshal

Member
32,589

Jan 7th 2011, 22:38:50

subtracted.

Tertius

Member

EE Patron
1648

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.

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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.

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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.

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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).