😐 Patreon Sales Tax Info... (Patreon)

What's Happenin' Folks?! So! Patreon will be adding Sales Tax to your payments at the end of every month starting on the 1st of July, 2020. BEFORE U PANIC! I've got some good news:

1. Less than half of all patrons will be charged sales tax.

2. For those who get charged, the amount will be very small. 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. 

3. Whether or not you will be charged sales tax depends on your location, and what is considered taxable there. Not every pledge is taxable.

4. Not all benefits are taxable in every location, and sometimes only a fraction of a pledge will be taxable.

Excellent! Now that U know the good news, let me explain exactly WHY this is happening:

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. 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 soon. I wanted to make sure you were aware of these changes way 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. 

On JuggMind's part, we're looking into ways to reduce the sales taxes charged. Patreon does have a feature that allows us to shift and change things around so that u get charged by a lesser percentage. We'll be monitoring this situation closely; July 1st is still quite far away. Please DM me directly if u have any questions about this specifically 4 me (Jugg).

As always, my DM's are OPEN! 👂🏽💜🍆