Merchant Archive

Thread: Is this really how income tax is supposed to work?

Blagrak
Wed Jun 09, 2004 3:55 pm
#1

Hello everyone. I'm experienceing income tax for the first time after moving to a player city. At first I thought income tax would be paid out of the purchase price you list fir an item. If tax was 5%, and you sold an item for 1000, you would receive 950 and the city would get 50. After going through a weekly city cycle, I actually saw the price of items I listed go up by 8%(the current income tax) on my vendors. I tought this was an odd implementation, but figured I could just lower the initial listing by 1/1.08, and the prices would correct themselves after the cycle hit.

Two weeks pass, and I'm not really checking my vendors because things are not selling for the most part.

Well, when I look again, this ridiculous tax scheme has been increasing the price of all my wares by 8% whether they had been previously taxed or not. Some of my items are list 25% more now than when I first put them up for sale.

Can someone please tell me that this is not how it's supposed to work? Does anyone else deal with city income taxes at all? And is this going to be fixed or changed any time soon?


Thanks for any help I can get
DingoBoi
Wed Jun 09, 2004 4:01 pm
#2

This is sales tax, not income tax.


If city has sales tax set at 8% and you list item at 1000 credits, the final customer price is 1080 credits.


It should not be any more than that.


Sales tax is added on to the price you list the item for, so the final price should be higher than the listing price by that tax percentage.


If you are seeing 25% higher in some instances something is definitely wrong. Pull and relist the items.



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Haruspex77
Wed Jun 09, 2004 4:26 pm
#3

Note too that when you re-list, you specify your price, and the sales tax gets added. Unfortunately, the describe price in your stockroom includes the sales tax, so if you list at that price it will go on your vendor for that plus the sales tax on the new, higher, price. Sounds like that is what bit you.


Doc has requested that be fixed in his Vendor Interface posting, but for now...


Songe
Fri Jun 11, 2004 1:06 pm
#4

I just put the item for sale at the price I went to get from it, and I don't care about the tax (1%). Customers couldn't care less whether they pay 1000 credits or 1010, even 1080 really.



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ZallusNuranxis
Sat Jun 12, 2004 12:55 am
#5

I always keep a calcualter by my computer becuase the price in the vendor is always with sales tax. Or make a spreadsheet and go off that if you don't want to calculate each time.
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