Stub tax
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The House Always Wins
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@bunt-dancing said in Stub tax:
@tommynachoes said in Stub tax:
@SaveFarris said in Stub tax:
To quell inflation. Read an Econ 101 textbook about money supply.
I know this. I took advanced Econ in high school.
To be honest it’s impressive you remember anything you learned in high school. That’s more than I can say lol
Lol I mean I’m only in my mid 20s, but that class was killer. I could never forget the trauma it caused
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It's to reduce profits from flipping.
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I think it's to discourage flipping, as well as sell more stubs
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As to why it isn’t on Quicksell, those stubs are already sent out of the game, they aren’t given to another player. The money leaves circulation
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If stubs never leave the market place. A card that you spend 500 stubs in April, could cost 3000 in September. Think of what happens when there’s a stub sale. Prices go way. Why? Because more stubs are entering the market, people have more to spend. If we went all year without a tax, values would grow and grow and grow and get out of control.
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It isn’t even taxed like real-life equities. Capital gains taxes only apply to the gain in the equity, whereas in the Show it is on the total sale price.
IRL, if I buy Card A at 900 stubs and sell Card A for 1,000 stubs, I would pay a capital gains tax of 10 stubs (assuming a 10% tax).
In the show, the same Card A would incur a 100 stub tax because the tax applies to the total value and not the gained value.
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@saluki10 said in Stub tax:
It isn’t even taxed like real-life equities. Capital gains taxes only apply to the gain in the equity, whereas in the Show it is on the total sale price.
IRL, if I buy Card A at 900 stubs and sell Card A for 1,000 stubs, I would pay a capital gains tax of 10 stubs (assuming a 10% tax).
In the show, the same Card A would incur a 100 stub tax because the tax applies to the total value and not the gained value.
Because that doesn't work in this instance. What if I buy a card for 1500 and sell for 1200 later? Do I get stubs for incurring the 300 stub loss?
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I understand what you are saying. I could envision a system where you could not “write off” losses like you can IRL.
I’m fine with the system as is, but if the point is to simulate reality, I always found that part frustrating.
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