Updating You On Sales Tax
Added 2020-06-06 23:01:48 +0000 UTC
Hello Metaculites,
You may have already seen a message from Patreon on the changes they're making that may affect your pledges. If you did not, read on. If you did, you can read on, but the below won't be news to you. (It will be very slightly different in places and in places where we politely disagree with Patreon on word choice and grammar, however.)
Due to laws passing in several countries and US states, Patreon will be required to start charging sales tax on some pledges beginning July 1st.
Less than half of 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, the tax would be between 20 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 is taxable. The money that Patreon collects as a result of these laws is 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, but we wanted to make sure you were aware of these changes ahead of July 1st when they go into effect.
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.
Thank you for all of your support, and happy predicting,
The Metaculus Team
