RuneScape Forum Archive | RS3 Grand Exchange Tax

Dec

2022

Hobgobby

Posts: 2 Bronze Posts by user Forum Profile RuneMetrics Profile

The Grand Exchange Tax is literally making items way over priced and expensive. There are a lot of people who don't have the time to sit in trade worlds and wait for someone to purchase their items. With this new tax, it is making items that are essential, such as items needed for quests, and everything else, to the point where it is extremely inflated! This tax just made the economy and prices worse! This has not been good at all! I think that there needs to be an alternate method of "removing gold" from the economy! PLEASE for the sake of all of us! Remove this GE Tax! Like I said it is inflating prices to the extreme!!!

20-Jan-2023 21:13:25

Feb

2018

Scouse

Posts: 29,018 Sapphire Posts by user Forum Profile RuneMetrics Profile

I don't know much about this tax thing and its effect on basic everyday trading but what i have noticed is the effect it is having on the rare market and other high end items.

Forgive me if i'm wrong "i sometimes am" but in my opinion this tax thing may have been implemented to upset the blatant misuse of how the player base dictate the prices of everything through g.e manipulation.

As i said, i may be incorrect but it is my own opinion "and we are all entitled to our own opinions" and for ages now Jagex have been allowing little rumours to arise and then refusing to step in to clear them up lol just like how someone somehow started the "will Jagex make all rares untradeable" and it got a lot of people talking about it and no doubt some may have even got slightly worried lol and did Jagex ever step in and say "we would never do that", as far as i know, they didn't.

Jagex know they have lost control of the trade market and would love to regain control but they can't just steam in and take it back, it's got to be done gradually and taxing may just be the 1st step in a long journey.

The days many years ago when Jagex lost control and the player base basically made Runescape into a virtual Las Vegas with many players getting very rich through somewhat
dishonourable ways and infact edged towards being illegal comes to mind.

Much love

Scouse - Opinions, i have them, feel free to share yours

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August 15th 2017, the day Jagex freed me

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20-Jan-2023 23:34:29

Aug

2013

Jeremy Cheng

Posts: 25,639 Sapphire Posts by user Forum Profile RuneMetrics Profile

Agreed. Tax is hurting sellers who have to sell 2% higher to make up for the tax. Buyers have to pay 2% higher to make up for the tax. Ppl saying they aren't affected by the tax are by the fact that they had to change their sale price to match the extra loss from the tax. Remove osrs and rs3 tax until ge update to trade over max cash items and/or max cash increase. It'd be easier to deal with then.

21-Jan-2023 19:38:51

Dec

2022

Hobgobby

Posts: 2 Bronze Posts by user Forum Profile RuneMetrics Profile

I agree 100% Jeremy. And the thing is, people are increasing their prices by more then just 2% I have found several times now, that I've had to go as high as sometimes 20 - 25% extra just for a single item! Please just do ALL of us a favor and remove the tax until the max cash is implemented!

22-Jan-2023 17:36:23

Nov

2020

SlR

Posts: 4,378 Adamant Posts by user Forum Profile RuneMetrics Profile

I don't understand how raising the gold cap is going to change the price on things bought/sold on the G/E under the gold cap. Care to elaborate? Not being funny btw.

I agree it is causing players to raise their prices a bit but I suspect that will soon end.
Prices go up and down for all sorts of reason, everyone's assuming its down to the tax because that's hot news at the minute. And whilst it might be true, it won't always be.

Expect turbulence whilst people adjust to it. It'll be back to usual in a month or two. Bob says:

A bank PIN will keep your items secure.

Always check the second trade screen.

Never trade in the Wilderness!

Keep your computer keylogger-free and virus scanned.

Never give your password out to anyone.

22-Jan-2023 19:24:45 - Last edited on 22-Jan-2023 19:27:16 by SlR

Jan

2015

Tenebri

Posts: 39,133 Sapphire Posts by user Forum Profile RuneMetrics Profile

SlR said :

Expect turbulence whilst people adjust to it. It'll be back to usual in a month or two.

pretty much yeah. it took a short period of time for it to settle in osrs when tax was introduced. and now look at the rants threads its been silent about the ge tax for osrs. cause it makes no difference to gameplay
200m all RS3 on 7/3/19

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OSRS 2277/2277 Untrim slayer cape

Hail Satan, He loves for who you are.

23-Jan-2023 10:09:22

Jun

2011

Warmpie

Posts: 52 Iron Posts by user Forum Profile RuneMetrics Profile

TAXATION IS THEFT.....
I cannot believe I even have to say this.... IT'S A VIDEO GAME........ I DON'T WANT TO DEAL WITH TAXES IN A VIDEO GAME!!!!! DO BETTER ABOUT RWT AND BOTS..... NOT PUNISH YOUR PLAYER BASE... THIS IS FEELING VERY EOC TO ME...... YAY! It's 2010 all over again...

23-Jan-2023 19:47:28

Dec

2021

Mel 624

Posts: 744 Steel Posts by user Forum Profile RuneMetrics Profile

I disagree with the excuses they made to justify the tax's existence as well as the idea that it's necessary to fix the economy, but for the sake of discussing the tax itself, a better way of doing it would've been to keep it even across both sides of the transaction. That would eliminate any one-sidedness to it and resulting price increases. That said, they really should've come up with multiple options players could give feedback/vote on instead of just inflicting the tax and pretending it was the best/only thing that could be done.

I don't think you can really equate this to the OSRS tax situation. Aside from the issue of different playerbases and game environment, there's also that people not talking about it in the rants forum doesn't mean there's no problem with it. The big point of contention on the RS3 tax is that they did it to offset death costs, the stats they gave to justify this are missing key details to accurately analyze the problem and it's inflaming deepening resentment over the PvM favouritism. It's not just about the tax but the way they did it and the reasons for it. How to block a forum user

Death And Taxes: An Analysis

23-Jan-2023 22:47:56

Nov

2020

SlR

Posts: 4,378 Adamant Posts by user Forum Profile RuneMetrics Profile

You mean like +1% on purchases and -1% on sales? Same result but a different perception?
Does it 'really' disadvantage those with more items in their bank (to sell) vs those with cash?
I personally think we're over-thinking it, and making a mountain out of a molehill. It's strange to see people upset about it honestly, as if prices weren't already +20% inflated. Bob says:

A bank PIN will keep your items secure.

Always check the second trade screen.

Never trade in the Wilderness!

Keep your computer keylogger-free and virus scanned.

Never give your password out to anyone.

24-Jan-2023 11:06:32 - Last edited on 24-Jan-2023 11:12:50 by SlR

Dec

2021

Mel 624

Posts: 744 Steel Posts by user Forum Profile RuneMetrics Profile

If they keep the tax even between both sides of the transactions, it'll keep people from raising prices with +5% in response to it since everyone is losing the same amount either way. Removing the GE tax from bonds would be necessary for similar reasons seeing as they already get taxed to convert them to tradable.

The fact of the matter is that inflated or not, people don't like being the ones to lose out on profits for items selling at a given price. They were going to get some players upset no matter what but dealing with the actual alching problem through alching/alch item drops would've at least been specific to the people generating new gp instead of hitting everyone who sells items to other players to benefit PvM yet again. How to block a forum user

Death And Taxes: An Analysis

24-Jan-2023 22:37:42

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RS3 Grand Exchange Tax