Change how people are charged on taxes
To improve the tax system, we should change the tax frequency from weekly to monthly. This means the current weekly tax would become the new monthly tax.
Example
A Jester (Modern) costs $120,000 with a weekly tax of $1,200. This totals $4,800 per month, which is manageable but slightly annoying.
Instead, the tax should be $1,200 per month. We could set the tax due date to the first of every month for simplicity.
Benefits
Consider a plane costing $1.5 million with a weekly tax of $10,000. Under the current system, owners have to constantly grind to pay these taxes since the item can't be sold.
The same issue applies to high-end cars. A large weekly tax discourages purchases.
Changing to a monthly tax will make it easier for people to afford new cars, planes, warehouses, and houses, enhancing their overall experience.
By shifting to a monthly tax system, people will feel less pressured and more inclined to invest in new assets.
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Comments6
Flawws
Sep 10, 2024
Many LSRS changes have been made recently and we have reduced the prices of aircrafts since this post.
syco.exe
Jul 5, 2024
I disagree, not so much with the whole thing but more so the monthly tax idea. I feel monthly is a HUGE stretch. If anything taxes should be bi-weekly in my opinion. I currently own an import, a house and a few other cars and pay roughly 30k a week - This may not seem like a lot however when it comes to being a criminal within Echo the risk / reward factor isn't quite that great. Robbing banks, doing boosts, etc are not to big of a payout and don't always turn out the best.
Bi-weekly I think would be so much better.
Fujimxra
Jun 12, 2024
It would help turning the taxes to monthly by choice
the reason for this is because not everyone can be here all the time, Such as if you were to go on holiday and you couldn't access the server at all, I feel like I'm being punished because I wanna take some time off the server and I'll need to grind for all my stuff again because it'll be taken off us.
kimbrrito
Jun 8, 2024
Not to pull the "realism" card but... no one pays weekly taxes. Taxes are paid on a car when purchased, and that's it. Taxes on servicing the car, sure. Taxes on gas, sure. But if I own a car, why am I still paying taxes on it?
Even property taxes, which are paid regardless of whether you're financing a home or own it outright, are paid monthly or quarterly, not weekly. And that makes sense - property is a finite resource.
I understand that weekly is probably in place to encourage activity and prevent the hoarding of assets by inactive players. Which again, makes sense for properties (and even limited imported cars). However, if there is a grace period of "approximately 90 days" for inactivity (directly from the rules as of this posting), a monthly tax as opposed to a weekly tax does no additional harm and could only add an increase to QOL.
purpleferretz
Jun 6, 2024
i feel like one of the purposes of the tax system is to prevent people from just amassing assets for free. i like having to actually make choices based on what my character makes weekly and live within a means determined by how hard/little i want to work. and imo aircraft prices are much better than before, they used to be under 500k so practically anyone could have a personal helicopter which felt a bit unrealistic. they can still be rented from airports and you really only lose about 10% of your deposit.
hoints
Jun 6, 2024
Vehicles over 500k take 2% tax, idk if it's even more when it's a 1 mil vehicle. So a 1.5m plane would set you back 30k per week lol