Infinite Livecode Pledge

[Lagi Pittas]

HI Mike

Yes bottom line it was a donation not Income. I still think reading those
 links I sent  would give some ideas.
I think we have a lack of marketing ideas at head office (don't mention the
war- sorry website!!!)  Looks good
but form without function. - look at XOJOs I say again that's how it's
done. (and don't mention the pricing}.

I have an idea that could bring hundreds of thousands a year but it will be
scoffed at because of previous debates here.
It would be a win win for LC and Richmond but sometimes it seems that it's
easier to say something won't work rather than trying it.

We don't have any statistics from LC to see how many people are on
subscription and how many actively use the product for free which would
help.

Sometimes you feel your just P***sing in the wind and not to waste time
making suggestions when they get steamrollered (i'm not just talking about
myself here)

Lagi

<Flame ON>

On 24 May 2016 at 15:56, Mike Kerner <MikeKerner at roadrunner.com> wrote:

> It is completely different.  VAT comes off the top line, like an excise
> tax.  Income tax comes off the bottom line.  Therefore, if a firm is
> plowing funds into development, it can be at or below 0 on the bottom line,
> therefore the tax on the funds would be zero, and depending on its previous
> history, there may even be a federal rebate.  Sales tax doesn't apply in a
> case like this because you aren't getting a LC t-shirt, playing cards,
> phone sleeve, etc.  Then there is the difference between S-corps and
> C-corps, and their bases and rates, which would further depress the tax on
> the take.
>
> On Tue, May 24, 2016 at 9:57 AM, Richard Gaskin <
> ambassador at fourthworld.com>
> wrote:
>
> > Lagi Pittas wrote:
> >
> > > I have just paid my pledge and I was cheesed off that  20% of
> > > my DONATION/PLEDGE has gone to the government.
> > >
> > > If doing feature exchange is to save Kickstarter fees it certainly
> > > doen't do that.
> >
> > It doesn't seem much different from how it works in the States - from the
> > Kickstarter tax guide:
> >
> >    In general, in the US, funds raised on Kickstarter are considered
> >    income.
> >    ...
> >    Sales tax may also be applicable in certain cases depending on the
> >    local rules. In general, sales tax applies only if the creator has
> >    sufficient connection to the location of the backer.
> >
> > <https://www.kickstarter.com/help/taxes>
> >
> > --
> >  Richard Gaskin
> >  Fourth World Systems
> >  Software Design and Development for the Desktop, Mobile, and the Web
> >  ____________________________________________________________________
> >  Ambassador at FourthWorld.com                http://www.FourthWorld.com
> >
> >
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