Obligatory notice about some upcoming Patreon-site-related changes...
Added 2020-05-28 20:45:25 +0000 UTCHi guys! I'm reaching out to you to give you a heads up on some sales tax stuff going into effect in July for all Patreon supporters. It might sound scary, but it's just some law compliance that Patreon itself is doing to make sure you and the creators you support are following all the rules so no one gets in trouble. The bottom line is that you might need to pay a few extra cents on your pledge (depending on what rewards you get might be taxed in your state and/or country) but those cents don't go to me - they go to Patreon and then Patreon passes them on to the respective governments as part of their tax payments. The chances that you will get taxed on any or even all of the rewards you get from me are VERY low.
TL;DR:
- "Due to new laws, 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."
It's true that some digital rewards are able to be taxed in some states/countries (depending on how they view goods and services), but it's more than likely that physical rewards are the most likely to be taxed. I've custom-designated all my rewards here on my Patreon so there can be no mistake made by Patreon's bot (or whatever it will be) that crawls around looking for and guessing keywords for what the nature of a reward is.
Patreon themselves will be emailing everyone about this in a few days to give you a heads up, but they emailed me first (and said it'd be a good idea if us Patreon content creators reached out to you first - I agree), and I wanted to make sure you got a few days extra notice.
Thanks so much for all your support! You guys are amazing!
If there's any issues at all that you have with the new tax stuff when that happens in July that might be on my end, please let me know ASAP. I wanna make sure you're all treated fairly. :)
Later!
Nala15
Comments
You're very welcome. :)
Nala15
2020-05-29 02:36:15 +0000 UTCThanks for the heads up and clarification!
Fatesmishap
2020-05-28 20:50:21 +0000 UTC