====== Taxes ====== ---- ===== What are taxes? ===== Taxes are money taken out of the economy to help fight inflation and keep the economy balanced. Note: All accumulated taxes are voided out of the economy. ==== Weekly Tax ==== Every Thursday at 4 pm GMT, a 1% tax is charged to all player, town, and nation balances on the server. ==== Town Tax ==== For towns, taxes work a little differently. There are 2 kinds of Town Tax: 1- Citizen Tax- This is a daily tax that is applied to all residents of a town. The amount is specified by the mayor. This may be a flat number, a percentage of a player's balance, or there may be no citizen tax at all. Most towns opt for the last option. Note: This is the only tax that does not go to the server. Citizen Tax is deposited into the town balance. 2- Plot Tax- This is the amount the server charges town each day. It is based on the amount of land a town has claimed. The charge is $100 per plot per day. ==== Bounty Tax ==== Players can choose to set up bounties on other players. When a player with a bounty is slain, the cumulated bounty total minus the bounty tax is sent the the player who killed them. Bounty tax is 10% of the total bounty and is charged only when the player is killed and the bounty is awarded. For more info on bounties, see the [[:towny:faq:bounties|Bounties Page]]. ==== Auction House Tax ==== Each towny server has it's own auction house where players can list items to sell. When any item is bought through the Auction House, a 5% tax is taken from the total selling price and the remainder after tax is sent to the seller. ==== Auction Tax ==== In a similar fashion to the Auction House Tax, when any item is bought from an auction, a 5% tax is taken from the total selling price and the remainder after tax is sent to the seller.