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That should work out at ~£4.5MM profit, after PayPal takes their cut and misc. bills are paid (e.g. bandwidth.) Not bad for a one-man company (until recently, a
by ashleyw 16y ago
That should work out at ~£4.5MM profit, after PayPal takes their cut and misc. bills are paid (e.g. bandwidth.) Not bad for a one-man company (until recently, anyway.)
- ugh 16y agoDon’t forget taxes. I would about half his gross revenue to get a realistic handle on the kind of money he is making. Three million Euro so far seems like a realistic estimate to me.
- ashleyw 16y agoAh, the taxman, how could I forget thee! It'll be around ~51.3% in Sweden incl. the VAT.
- jacoblyles 16y agoI'm not sure how Notch has his affairs organized, but the corporate tax rate over there is only 26%. I remembered to check this because all European countries have lower corporate tax rates than America.
- wlievens 16y agoCorporate tax rates are way lower but personal income tax rates are significantly higher. So if he pays all of that money as salary to himself, that 50% number is quite realistic.
- jacoblyles 16y agoI'm assuming he will keep at least part of his money in a corporation to develop his game.