SMiD Posted March 6, 2013 Posted March 6, 2013 So here's a question: are Kickstarter donations (specifically those towards Project Eternity) tax deductible? Curious, curious. Info here claims... "Some pledges are tax deductible: if the project creator is a 501c3 that is registered as such with Amazon Payments, pledges would be deductible. It’s up to each eligible project to handle." Soooo... any ideas?
rjshae Posted March 6, 2013 Posted March 6, 2013 Only in North Korea. "It has just been discovered that research causes cancer in rats."
SMiD Posted March 6, 2013 Author Posted March 6, 2013 Only in North Korea. That was my first guess as well.
Kaedryl Posted March 6, 2013 Posted March 6, 2013 My guess is Obsidian is not a nonprofit organization, so no, they are not tax deductible.
SMiD Posted March 6, 2013 Author Posted March 6, 2013 Is that a 501c3? Ah well, then yes, Obsidian would not qualify. Oh well!
TheTeaMustFlow Posted March 6, 2013 Posted March 6, 2013 (edited) for a minute I thought someone was considering taxation within PE. I... may have screamed a little. Taxation hits Libertarians like blessed crossbow bolts hit Rakshasa. Edited March 6, 2013 by TheTeaMustFlow `This is just the beginning, Citizens! Today we have boiled a pot who's steam shall be seen across the entire galaxy. The Tea Must Flow, and it shall! The banner of the British Space Empire will be unfurled across a thousand worlds, carried forth by the citizens of Urn, and before them the Tea shall flow like a steaming brown river of shi-*cough*- shimmering moral fibre!` - God Emperor of Didcot by Toby Frost.
Heresiarch Posted March 6, 2013 Posted March 6, 2013 (edited) for a minute I thought someone was considering taxation within PE. I... may have screamed a little. Taxation hits Libertarians like blessed crossbow bolts hit Rakshasa. It would be fun to see a tax collector standing next to a dungeon entrance, claiming 25% of all the loot from adventurers for the government. Then the Church (or whatever temples are called in PE) claims 10% more, 20% go to pay off Raiding Inc. sponsorship, another 5% for the adventurer trade union, 50% customs fee for epic items... To make a long story short the adventurers simply need to give away all their stuff and also transfer a small amount of gold from their bank account to pay the remaining debt. Edited March 6, 2013 by Heresiarch
Shadenuat Posted March 6, 2013 Posted March 6, 2013 It would be fun to see a tax collector standing next to a dungeon entrance Don't... even joke like that. P:E does not take place in a horror genre setting. 1
Heresiarch Posted March 6, 2013 Posted March 6, 2013 But look at the bright side, you can mug the tax collector and take all that hard-earned adventurer money for yourself. Most likely people would even feel that you did the right thing, netting you positive karma. Tax collectors were never a popular bunch.
SMiD Posted March 6, 2013 Author Posted March 6, 2013 But look at the bright side, you can mug the tax collector and take all that hard-earned adventurer money for yourself. Most likely people would even feel that you did the right thing, netting you positive karma. Tax collectors were never a popular bunch. We might have stumbled upon something here...
AGX-17 Posted March 7, 2013 Posted March 7, 2013 (edited) So here's a question: are Kickstarter donations (specifically those towards Project Eternity) tax deductible? Curious, curious. Info here claims... "Some pledges are tax deductible: if the project creator is a 501c3 that is registered as such with Amazon Payments, pledges would be deductible. It’s up to each eligible project to handle." Soooo... any ideas? No, kickstarter is not a charitable organization, it's a middle-man/go-between. Infrastructure. Obsidian is a for-profit private company. You are not engaging in charity. You essentially made an advance pre-payment (if you donated,) for a good or service you will receive in the future. That is not charity by any reasonably definition. Edited March 7, 2013 by AGX-17
Amberion Posted March 7, 2013 Posted March 7, 2013 actually, it can be considered a donation. Any rewards, though they are tied to how much you contribute, are not 'purchases' in the usual sense of the word. For example "I pay you three dollars to buy a carton of milk at the grocery store." "I give you a donation of 20 dollars to fund your game, and as thanks for my donation I get a reward tier that gives me a copy of your indy game." It's more like an exchange of gifts than a purchase. Is it semantics? I dunno. The line IS pretty fine. But neither Kickstarter nor Obsidian are charitable institutions, so it doesn't really matter.
Lephys Posted March 7, 2013 Posted March 7, 2013 "Are those people following you around dependents? No? Wait, you don't have a house? You have a STRONGHOLD?! ... I'm gonna need to see a permit, and I hope you kept all your receipts." New class: Auditor! It's like a Chanter, but with unintelligible lines of tax code and jargon instead of song-like words and phrases. 8P 3 Should we not start with some Ipelagos, or at least some Greater Ipelagos, before tackling a named Arch Ipelago? 6_u
TheTeaMustFlow Posted March 7, 2013 Posted March 7, 2013 "Are those people following you around dependents? No? Wait, you don't have a house? You have a STRONGHOLD?! ... I'm gonna need to see a permit, and I hope you kept all your receipts." New class: Auditor! It's like a Chanter, but with unintelligible lines of tax code and jargon instead of song-like words and phrases. 8P It Burns! IIIIIT BUUUUURNS!!! `This is just the beginning, Citizens! Today we have boiled a pot who's steam shall be seen across the entire galaxy. The Tea Must Flow, and it shall! The banner of the British Space Empire will be unfurled across a thousand worlds, carried forth by the citizens of Urn, and before them the Tea shall flow like a steaming brown river of shi-*cough*- shimmering moral fibre!` - God Emperor of Didcot by Toby Frost.
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