“Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.” — Albert Einstein
"Never try to teach a pig to sing; it wastes your time and it annoys the pig." — Robert Heinlein
yeah and there they actually reinvest the tax money into the standard of living not like in U.S. where the robber barons just pocket all the loot for themselves and let the tax payers suffer.
yeah and there they actually reinvest the tax money into the standard of living not like in U.S. where the robber barons just pocket all the loot for themselves and let the tax payers suffer.
They're all bought through paypal or credit card no?
So a percentage of the money is taken from Paypal or the bank who handled the transaction....
the rest? Straight into Notch's pocket.
In england we pay about 20% tax (ish) on what we earn, he'll pay abit more, but no way near 60%.
Nope, you're incorrect. In Sweden the implicit outright income tax is up to 30%, and yes, Notch makes enough money to fall into that bracket. Also, there are 30+ percent in hidden taxes, so anywhere from 60 to 65% about is what he'll pay out in taxes. And then yes, money to paypal for the transactions as well. Doesn't mean he's not making money though.
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Quote from minno726 »
Now, if you'll excuse me, I have to make everything symmetrical.
Profit comes after subtracting money for taxes, company bills, other operating fees, and paying the employees. I'm not saying that Mojang and Notch make no money. I'm just saying it's not taking 810,000 players or whatever and multiplying that by 15 EUR.
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Quote from Zigizo »
Notch is totally snorting coke off a hooker's tits right now.
many of you have probably seen it but i still thought id share
I mean seriously, that's ****ing nuts. o_o
What program? Where can I get it? XP
"Never try to teach a pig to sing; it wastes your time and it annoys the pig." — Robert Heinlein
70% actually since he lives in Sweden correct?
The word Minecraft kind of looks like Microsoft.
and this is why my country is broken.
enlighten me please.
Nope, you're incorrect. In Sweden the implicit outright income tax is up to 30%, and yes, Notch makes enough money to fall into that bracket. Also, there are 30+ percent in hidden taxes, so anywhere from 60 to 65% about is what he'll pay out in taxes. And then yes, money to paypal for the transactions as well. Doesn't mean he's not making money though.
Must... sig...
But I'll leave it up for grabs. :#
It will be known that I could have.
You can argue about tax rates all you want, he's still making more in a day than most people make in a year.
Google is the greatest teacher.
Spoon feed:
Sweden Income Tax Rate: 57.77%
Sweden Corporate Tax Rate: 26.3%
Sweden VAT Rate: 25%