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--- towny:faq:taxes [2021/04/16 14:54]
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+++ towny:faq:taxes [2022/03/08 13:13] (current)
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 ----
+===== 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.
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 ==== Weekly Tax ====
-Weekly tax is 1% and occurs on Thursdays.
+Every Thursday at 4 pm GMT, a 1% tax is charged to all player, town, and nation balances on the server.
-All player, town, and nation balances are taxed.
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 ==== Town Tax ====
-There are 2 kinds of Town Tax:
+For towns, taxes work a little differently. There are 2 kinds of Town Tax:
-- Tax for town citizens. This is controlled by the town mayor and can be a set amount or a percentage of the players balance. Tax amounts show in town info. Use /t (townname) to see town info. Towns charge Tax daily.
+- 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.
-- Tax for Town Plots. This is an amount the server charges towns based on how many plots the town has claimed. The charge is $10 per plot per day.
+- 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.
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 ==== Bounty Tax ====
-Bounty Tax is 10%.
+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]].
-Bounties are taxed when the bounty is claimed
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 ==== Auction House Tax ====
-Auciton House Tax is 5%.
+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.
-Auciton House taxes are charged when an item is bought.
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 ==== Auction Tax ====
-Auciton Tax is 5%.
+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.
-Auciton taxes are charged when an item is bought.
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