! Patreon pledge tax UPDATE

Hi everyone, I wanted to give you an update on a change Patreon  is starting to roll out that may affect some of your pledges. 

Patreon has been unclear in its emails to creators on when this is happening- I've seen in multiple posts them saying both June 1st 2020 and July 1st 2020 so I was a bit confused about which it is... plus with everything going on right now (BLM movement, the pandemic) I forgot to post as soon about it as I wanted.

Unfortunately because of their unclear emails I am unsure of whether it actually is June or July 1st (maybe if a creator or patrons knows for sure you can say in the comments) but the update is that:  

"Due to new laws passing in several countries and US states, Patreon will be required to start charging sales tax on some pledges. 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."

---------------------------------

If you have any questions, hopefully they can all be answered here:  https://support.patreon.com/hc/en-us/articles/360043055071
---------------------------------

If and when Patreon decides to roll out creator tax options that allow us to pay these costs instead of on your pledges, I will update to do so.

Thank you for understanding and your amazing continued support!

<3 Luxlo