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GE Tax on high value trades.

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Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
Horsechaser said :
You seem very confused Dilbert. OP said nothing about comparing osrs or rs3. He only stated that taxes on extremely high value items was self defeating and that most cash leaves the game through the voluminous low value purchases.

He is correct about that. Many players would balk at a 1b tax buying a party hat through the GE as a waste as in OPs example.

Now I can already see your argument that well p2p trades avoids the tax. Yes, but given the number of scammers in the game, that jagex seems to do nothing about, high value p2p trades are problematic.

I dont know how many times I tried to sell BOLG pieces after the zammy boss was introduced p2p, only to have every trade offer made above the max cash limit tried to scam me.

Having the ge max cash limit raised can make trades of very high value items a lot safer for both buyer and selling, but the huge tax imposed can restrict these high value GE trades.

A limit on the tax for very high value items is a reasonable suggestion as posed by OP.

" Since OSRS has a limit of 5m, so could the main game. Or at least make the tax fall to 1% or 0.5% after say a 100m trade to still prevent merching to some extend."
- OP

If OP didn't mean to talk about OSRS, obviously we couldn't have a limit of 5m gp GE Tax on RS3. GE Tax is absolutely good as it is now in RS3.

12-Jun-2023 21:21:07

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
Matuhar said :
Well we certainly
could
have a limit of 5m here. We can talk about whether is it reasonable or not and I think it is.

Not reasonable obviously as OSRS has it was your reasonable, and now you said you are not talking about OSRS so you are out of reason to say we need it in RS3.

12-Jun-2023 21:27:48

TzKok-Fat

TzKok-Fat

Posts: 4 Bronze Posts by user Forum Profile RuneMetrics Profile
A tax of over 1 billion per trade is too much as it strongly discourages people from trading high value items on the GE. If the tax is capped at say 100M (still 2x as much as the previous maximum tax paid), people will trade valuable items on the GE more frequently. This would benefit everyone as it would increase the trading volume and the total amount of tax paid (but paid in many smaller chunks instead of a few big ones).

12-Jun-2023 21:42:44 - Last edited on 12-Jun-2023 21:49:11 by TzKok-Fat

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
TzKok-Fat said :
A tax of over 1 billion per trade is too much as it strongly discourages people from trading high value items on the GE. If the tax is capped at say 100M (still 2x as much as the previous maximum tax paid), people will trade valuable items on the GE more frequently. This would benefit everyone as it would increase the trading volume and the total amount of tax paid (but paid in many smaller chunks instead of a few big ones).

I don't think many will trade phats on the GE anyway. When they aren't going to pay GE tax, it won't matter how high it is.

For the usual necessities we normally will trade like FSOA, 2% of 3 bil is merely 60 mil gp. It is almost nothing to those who get them often as this is just the cost of couple of housrs of upkeeps for their pvm gear, and I am not even talking about death cost.

12-Jun-2023 22:05:31

BrunoNutto
Feb Member 2023

BrunoNutto

Posts: 3,328 Adamant Posts by user Forum Profile RuneMetrics Profile
Dilbert2001 said :
TzKok-Fat said :
A tax of over 1 billion per trade is too much as it strongly discourages people from trading high value items on the GE. If the tax is capped at say 100M (still 2x as much as the previous maximum tax paid), people will trade valuable items on the GE more frequently. This would benefit everyone as it would increase the trading volume and the total amount of tax paid (but paid in many smaller chunks instead of a few big ones).

I don't think many will trade phats on the GE anyway. When they aren't going to pay GE tax, it won't matter how high it is.

For the usual necessities we normally will trade like FSOA, 2% of 3 bil is merely 60 mil gp. It is almost nothing to those who get them often as this is just the cost of couple of housrs of upkeeps for their pvm gear, and I am not even talking about death cost.

People should actually be encouraged to trade Party Hats on the GE rather than direct trading between players. That way a lot of scamming and manipulation would be removed from the game.

Supposedly Jagex wants that but it seems a strange way of going about it. You have to wonder why they would encourage the GE not to be used for the most expensive items after making so much fuss about removing the (now old) max cash limit.

12-Jun-2023 23:46:01

Dilbert2001
Jun Member 2006

Dilbert2001

Posts: 30,311 Sapphire Posts by user Forum Profile RuneMetrics Profile
BrunoNutto said :
Dilbert2001 said :
TzKok-Fat said :
A tax of over 1 billion per trade is too much as it strongly discourages people from trading high value items on the GE. If the tax is capped at say 100M (still 2x as much as the previous maximum tax paid), people will trade valuable items on the GE more frequently. This would benefit everyone as it would increase the trading volume and the total amount of tax paid (but paid in many smaller chunks instead of a few big ones).

I don't think many will trade phats on the GE anyway. When they aren't going to pay GE tax, it won't matter how high it is.

For the usual necessities we normally will trade like FSOA, 2% of 3 bil is merely 60 mil gp. It is almost nothing to those who get them often as this is just the cost of couple of housrs of upkeeps for their pvm gear, and I am not even talking about death cost.

People should actually be encouraged to trade Party Hats on the GE rather than direct trading between players. That way a lot of scamming and manipulation would be removed from the game.

Supposedly Jagex wants that but it seems a strange way of going about it. You have to wonder why they would encourage the GE not to be used for the most expensive items after making so much fuss about removing the (now old) max cash limit.

Nope. RS3 doesn't run a Jenga economy. In a laissez faire economy, the "government" should not encourage or discourage trading of a specific type of goods. Just let all the players drive the prices of items all on their own.

13-Jun-2023 01:27:29

BrunoNutto
Feb Member 2023

BrunoNutto

Posts: 3,328 Adamant Posts by user Forum Profile RuneMetrics Profile
Dilbert2001 said :
BrunoNutto said :
Dilbert2001 said :
TzKok-Fat said :
A tax of over 1 billion per trade is too much as it strongly discourages people from trading high value items on the GE. If the tax is capped at say 100M (still 2x as much as the previous maximum tax paid), people will trade valuable items on the GE more frequently. This would benefit everyone as it would increase the trading volume and the total amount of tax paid (but paid in many smaller chunks instead of a few big ones).

I don't think many will trade phats on the GE anyway. When they aren't going to pay GE tax, it won't matter how high it is.

For the usual necessities we normally will trade like FSOA, 2% of 3 bil is merely 60 mil gp. It is almost nothing to those who get them often as this is just the cost of couple of housrs of upkeeps for their pvm gear, and I am not even talking about death cost.

People should actually be encouraged to trade Party Hats on the GE rather than direct trading between players. That way a lot of scamming and manipulation would be removed from the game.

Supposedly Jagex wants that but it seems a strange way of going about it. You have to wonder why they would encourage the GE not to be used for the most expensive items after making so much fuss about removing the (now old) max cash limit.

Nope. RS3 doesn't run a Jenga economy. In a laissez faire economy, the "government" should not encourage or discourage trading of a specific type of goods. Just let all the players drive the prices of items all on their own.

Best way of "all the players drive the prices of items all on their own" is through the GE. So encouraging its' use is a good thing, not discouraging it by imposing a tax that can be avoided elsewhere.

13-Jun-2023 01:39:45 - Last edited on 13-Jun-2023 01:40:33 by BrunoNutto

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