Patreon Tax Update 💹
Added 2020-06-18 18:21:52 +0000 UTCHowdy folks, got some lukewarm news i'm afraid!
If ya haven't heard, starting July 1st, sales tax is to be added to some pledges, depending on your location. Here's a trimmed version of the message template that Patreon recommended I post for ya:
"...Due to new laws passing in several countries and US states, Patreon will be required to start charging sales tax on some pledges starting July 1st.
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 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. "
Apparently people who will be affected will be receiving an email from patreon soon. If you decide to un-pledge because of the increased cost, I won't hold it against ya! I just appreciate all the support you've given so far. 🙏
Welp, there's my lil info post. Try and have a good day, will ya! ✨
