Okay that’s not nothing but 200 000€ / year is hardly top 1% in EU, I think.
This is what slop gave me:
Based on available data on income distribution in Europe, a rough estimate for a gross annual individual salary to be in the top 1% across the EU would likely fall above €200,000.
When I asked how much you’d need to make in a year to be in EU top 1%. Didn’t even mention 200 000.
So yeah upper class but not necessarily top 1%. In Lithuania they’re probably top1% but not on the EU level.
Sorry for being pedantic, you were close enough tho
According to the German (I have not found an EU equivalent) office for statistics, you are part of the top 1% of full-time workers if you earn >213,286€ per year:
Sure, this doesn’t include billionaires who don’t work but there just aren’t enough of them to matter. It’s not like there are hundreds of thousands billionaires in Germany.
Yeah seems like the writer of the PC Gamer article doesn’t understand what VAT is.
To laymen like you and I, this situation probably seems pretty open and shut. If you make money on something, you pay taxes on it.
Yeah VAT is not a tax on money made. VAT is a tax that is applied to a transaction for goods and service between a business and a consumer. VAT is a tax that the consumer pays. The business only collects it and has the obligation to pay it to the tax services. So even if a business makes zero profit they still need to pay the VAT they collected.
The question here was if RuneScape gold is a product or if it is legal tender. If it was legal tender then you don’t pay VAT on it, similar to when if you trade one currency to another VAT is not applied.
The question here was if RuneScape gold is a product or if it is legal tender. If it was legal tender then you don’t pay VAT on it, similar to when if you trade one currency to another VAT is not applied.
Even if they went that way (good luck with that), doesn’t that mean farming gold regularly and for profit should still be registered as a professional activity? Or at least the result of it declared as revenue?
I dunno about the tax laws here. Seems anything purchased in game with fake game money that stays in game shouldn’t be subject to a sales tax. Buying game currency with real currency? Sure. Buying real things by selling in-game accounts or items for real money? Fine.
OSRS is legit on its way to become bigger than it was in 2007 on miniclip days, it broke 250k players recently I believe, there’s also been a WoW streamer exodus towards OSRS too
We should know if the gf is selling herself as a second hand sale or if it’s a recurring economic activity. If so, she should register in VAT and collect it.
(Legality of that economic activity may differ by country)
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Damn, good use of their time! Not going after trillionaries, no.
Earning 400,000€ in two years makes you part of the 1% though?? Where else would this guy be? Upper middle class?
Okay that’s not nothing but 200 000€ / year is hardly top 1% in EU, I think.
This is what slop gave me:
When I asked how much you’d need to make in a year to be in EU top 1%. Didn’t even mention 200 000.
So yeah upper class but not necessarily top 1%. In Lithuania they’re probably top1% but not on the EU level.
Sorry for being pedantic, you were close enough tho
According to the German (I have not found an EU equivalent) office for statistics, you are part of the top 1% of full-time workers if you earn >213,286€ per year:
https://www.destatis.de/DE/Presse/Pressemitteilungen/2025/04/PD25_134_621.html
Sure, this doesn’t include billionaires who don’t work but there just aren’t enough of them to matter. It’s not like there are hundreds of thousands billionaires in Germany.
Anyone from Czech/Slovak Republic here?
I know it’s infantile, but.
Yeah seems like the writer of the PC Gamer article doesn’t understand what VAT is.
Yeah VAT is not a tax on money made. VAT is a tax that is applied to a transaction for goods and service between a business and a consumer. VAT is a tax that the consumer pays. The business only collects it and has the obligation to pay it to the tax services. So even if a business makes zero profit they still need to pay the VAT they collected.
The question here was if RuneScape gold is a product or if it is legal tender. If it was legal tender then you don’t pay VAT on it, similar to when if you trade one currency to another VAT is not applied.
If Runescape gold is legal tender, do I have to pay taxes on my earnings from my Zulrah grind?
Probably income tax or a gambling tax like what you’d pay if you win money one a game show. But there is a threshold, so tax free for small earnings.
Yeah, that’s why they added the GE tax
Even if they went that way (good luck with that), doesn’t that mean farming gold regularly and for profit should still be registered as a professional activity? Or at least the result of it declared as revenue?
I don’t think they want that.
Of course he still needs to pay income tax. But that’s something else from VAT.
Speaks greatly for the quality of pcgamer. Guess the schools in the USA aren’t the very best.
to be fair, I don’t think any US state has VAT.
AFAIK they do? Different even in every state.
Many US states have sales tax, but I don’t think it counts as VAT.
Ah right, just a sales-tax. I should’ve shut up 😁
I dunno about the tax laws here. Seems anything purchased in game with fake game money that stays in game shouldn’t be subject to a sales tax. Buying game currency with real currency? Sure. Buying real things by selling in-game accounts or items for real money? Fine.
RuneScape still exists?
OSRS is legit on its way to become bigger than it was in 2007 on miniclip days, it broke 250k players recently I believe, there’s also been a WoW streamer exodus towards OSRS too
So yes
Food safety organs need to inspect all those Stardew Valley farms.
Can I get taxed if I buy a gf for 25k?
Depending on the country, and depending on the gift, yes. Though it’s mostly not enforced.
Yeah you pay VAT because you are buying a service. But your “gf” has to collect it and pay it to the tax agency.
You don’t pay VAT on a personal transaction though. But the girlfriend would probably have to pay income tax.
We should know if the gf is selling herself as a second hand sale or if it’s a recurring economic activity. If so, she should register in VAT and collect it.
(Legality of that economic activity may differ by country)