5 ms·
In Sweden gifts are tax-free, where do you live and how much tax do you have to pay on those 2$?
by bullen 6y ago
In Sweden gifts are tax-free, where do you live and how much tax do you have to pay on those 2$?
- yaseer 6y agoIt's an interesting question (as far as tax can be interesting!), whether patreon and other contribution/donations systems count as gifts, or income from your work. I'm sure the tax authorities would like argue it is income, if you're making $8K monthly on patreon (e.g. Dwarf fortress creators).
- biztos 6y agoPatreon seems to think it's likely to be income: https://support.patreon.com/hc/en-us/articles/207477063-Taxes-101-for-creators https://support.patreon.com/hc/en-us/articles/207477063-Taxe... Which makes me wonder, is there some other way to aggregate donations such that they are gifts?
- Someone 6y agoI think most tax departments will say they are gifts, but also that gifts are income. And “give €5 and get a sticker” might make it a sale, making it subject to VAT, too.
- bluGill 6y agoIn the US gifts are tax free unless someone gives you a large gift. Last I checked it was $10,000, but I believe it is around $18,000 now. Obviously this is large enough that few people care.
- pc86 6y agoGifts are always tax free for the recipient unless both parties fill out some additional paperwork. The annual tax exemption is currently $14k but goes up every couple of years.