Stub tax

SDS

So, I’ve wondered this and idk if it’s ever been brought up, what’s the point? Stubs are virtual currency earned through the game or purchased with real money, why tax it?

SDS

To simulate a real life purchase.

SDS

@BastianHusky said in Stub tax:

To simulate a real life purchase.

But that’s so pointless. I feel like they’re tying to teach us economics but I already learned that in high school. It just seems useless

SDS

They take 10% away when something sells which encourages people to buy stubs to buy more stuff cause its likely they're trying to sell things to acquire new cards.

SDS

To quell inflation. Read an Econ 101 textbook about money supply.

SDS

But quick sell there’s no tax.

SDS

@SaveFarris said in Stub tax:

To quell inflation. Read an Econ 101 textbook about money supply.

I know this. I took advanced Econ in high school. I just don’t understand why we have a realistic market in mlb the show when the ps store doesn’t even tax

SDS

@tommynachoes said in Stub tax:

So, I’ve wondered this and idk if it’s ever been brought up, what’s the point? Stubs are virtual currency earned through the game or purchased with real money, why tax it?

It is done to eliminate stubs from player possession. It is obvious why they would want to do that. The less stubs in circulation, the more stubs that they will sell. It has nothing to do with quelling inflation, in fact SDS wants inflation to some extent. It also has nothing to do with simulating a real life purchase. The answer is always about SDS making more money. SDS literally makes money off of collecting tax.

SDS

@tommynachoes said in Stub tax:

@SaveFarris said in Stub tax:

To quell inflation. Read an Econ 101 textbook about money supply.

I know this. I took advanced Econ in high school.

To be honest it’s impressive you remember anything you learned in high school. That’s more than I can say lol

SDS

The House Always Wins

SDS

@bunt-dancing said in Stub tax:

@tommynachoes said in Stub tax:

@SaveFarris said in Stub tax:

To quell inflation. Read an Econ 101 textbook about money supply.

I know this. I took advanced Econ in high school.

To be honest it’s impressive you remember anything you learned in high school. That’s more than I can say lol

Lol I mean I’m only in my mid 20s, but that class was killer. I could never forget the trauma it caused

SDS

It's to reduce profits from flipping.

SDS

I think it's to discourage flipping, as well as sell more stubs

SDS

As to why it isn’t on Quicksell, those stubs are already sent out of the game, they aren’t given to another player. The money leaves circulation

SDS

If stubs never leave the market place. A card that you spend 500 stubs in April, could cost 3000 in September. Think of what happens when there’s a stub sale. Prices go way. Why? Because more stubs are entering the market, people have more to spend. If we went all year without a tax, values would grow and grow and grow and get out of control.

SDS

It isn’t even taxed like real-life equities. Capital gains taxes only apply to the gain in the equity, whereas in the Show it is on the total sale price.

IRL, if I buy Card A at 900 stubs and sell Card A for 1,000 stubs, I would pay a capital gains tax of 10 stubs (assuming a 10% tax).

In the show, the same Card A would incur a 100 stub tax because the tax applies to the total value and not the gained value.

SDS

@saluki10 said in Stub tax:

It isn’t even taxed like real-life equities. Capital gains taxes only apply to the gain in the equity, whereas in the Show it is on the total sale price.

IRL, if I buy Card A at 900 stubs and sell Card A for 1,000 stubs, I would pay a capital gains tax of 10 stubs (assuming a 10% tax).

In the show, the same Card A would incur a 100 stub tax because the tax applies to the total value and not the gained value.

Because that doesn't work in this instance. What if I buy a card for 1500 and sell for 1200 later? Do I get stubs for incurring the 300 stub loss?

SDS

I understand what you are saying. I could envision a system where you could not “write off” losses like you can IRL.

I’m fine with the system as is, but if the point is to simulate reality, I always found that part frustrating.

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