Legacy Rate

The legacy rate is a progressive tax rate on prefs that expire when a citizen account is closed due to death.

For example:

10% First 10,000 Prefs

25% 10001-100,000 Prefs

55% 100,001 - 1,000,000 Prefs

85% Over 1,000,000 Prefs

These are per originating account. The percentages taken should be taken in proportion to the ownership before the tax is supplied.

For example, if the account owns 10,000 prefs in account X and the account prefs are split 70%/30% between two different accounts, the 10% would be taken, leaving 900 prefs to be split 70/30 between the inheritors.

results matching ""

    No results matching ""