Who pays the tax, when is it taken
The seller pays the tax. The buyer pays the price written in the listing, the system takes 3% of that price and credits the rest to the seller.
There are two formulas. Tax taken = listing price × 0.03. What you get = listing price × 0.97.
The tax rate doesn't change by item type. Whether you sell a weapon or armor, it's the same 3%.
If you sell at this price, what you get
| Listing price | GB | Tax taken | What you get |
|---|---|---|---|
| 100,000,000 | 1 | 3,000,000 | 97,000,000 |
| 250,000,000 | 2.5 | 7,500,000 | 242,500,000 |
| 500,000,000 | 5 | 15,000,000 | 485,000,000 |
| 1,000,000,000 | 10 | 30,000,000 | 970,000,000 |
| 2,500,000,000 | 25 | 75,000,000 | 2,425,000,000 |
| 5,000,000,000 | 50 | 150,000,000 | 4,850,000,000 |
| 10,000,000,000 | 100 | 300,000,000 | 9,700,000,000 |
1 GB = 100,000,000 coins. On a 10 GB sale, 0.3 GB goes to tax.
If you want this much to stay in your hand, what to list at
| Net you want | Listing price | Tax taken |
|---|---|---|
| 50,000,000 | 51,546,392 | 1,546,392 |
| 100,000,000 | 103,092,784 | 3,092,784 |
| 500,000,000 | 515,463,918 | 15,463,918 |
| 1,000,000,000 | 1,030,927,835 | 30,927,835 |
| 5,000,000,000 | 5,154,639,175 | 154,639,175 |
Formula: net you want ÷ 0.97. Because there are no fractions of a coin, the result is rounded to a whole number.
Adding 3% on top of the price doesn't cover the tax. The right addition is about 3.09%. Dividing by 0.97 does that for you.
What to know when buying and selling
- Your break-even price isn't 3% above your buying cost. It's buying cost ÷ 0.97. List below that and you lose.
- No tax is taken on a sale you make by trade. But you have to trust the other side.
- Work out the profit percentage on the buying cost, not the sale price. Net profit after tax divided by buying cost.
- As the amount grows so does the tax. On a 10 GB sale 30 million coins go, which is 0.3 GB.
Find out whether a trade made a profit
- Write down the coins you paid for the item. We call that the buying cost.
- Divide the buying cost by 0.97. The result is your break-even price.
- Put the listing price above your break-even price. The gap is your net profit.
- Divide the net profit by the buying cost. If the percentage is small, waiting may not be worth it.