EcoCityCraft Revenue Service Records - Historical

The EcoCityCraft Revenue Service has been introduced in March of 2022 and marks the beginning of the ECC 3.0 Era, the Era of the Tax Man!
Taxes on ECC aim to target removing and spreading out wealth that simply sits in the wealthy and inactive accounts. The Tax Man's goal is to encourage users to get active, be involved in the community and the game or be subject to the regular taxes and watch their wealth trickle away while being inactive!

Last Tax Collection Date: Jan 7th, 2023, 10:25am EST

Information(top)

Taxes are taken out at random times throughout the year.

• Once a tax collection has occurred you have a GUARENTEED 30-day safety period in which you can be absolutely sure that taxes will not be taken out.

After this 30 day safe period you can bet the Tax Man is coming but you don't know when! It is your responsibility to prepare accordingly!

Tax Brackets(top)

Tax Brackets are applied to both in-game balances and forum balances. In-game balances will be taxed twice as much.
The current Tax Brackets are as such:

Forum-Bank Tax Brackets:
$10,000,000+ = 10% tax
$5,000,000+ = 7.5% tax
$2,500,000+ = 5% tax
$1,000,000+ = 2.5% tax
$500,000+ = 1% tax

In-Game Tax Brackets:
$10,000,000+ = 20% tax
$5,000,000+ = 15% tax
$2,500,000+ = 10% tax
$1,000,000+ = 5% tax
$500,000+ = 2% tax

The tax collection happens automatically and hits both your forum and in-game balance when it is done. It is up to you as a participant of the EcoCityCraft economy to prepare yourself for the tax day!

Tax Evasion(top)

Evasion of taxes is allowed and encouraged with some limitations.

• You may not evade taxes is use multiple accounts (alts, family, friends or otherwise) to move your money around in order to evade taxes. If you are caught doing this the consequences are severe.

You are encouraged to buy up assets, purchase ranks, apply for applications or otherwise store your money in anything other than EcoDollars to evade taxes.
Keep in mind that we may mitigate some methods of tax evasion if we feel it is necessary, you however will not be banned for any methods used except for the aforementioned method.

Transparency(top)

EcoCityCraft offers full transparency regarding taxes.
Every tax collection day you can expect;

• A Discord news post announcing that taxes have been collected.
• A post on the ERSReserve profile indicating that taxes have been collected.
• An itemized report added to this wiki page for all to view.
  • Reports will show the total amount in taxes collected, who was hit and how much they paid in taxes.

The ERS Reserve:
The ERSReserve account is where the taxes will go once collected.

• This forum account balance is public, everyone may see how much is currently in the account.

Use of Taxes(top)

Administration has quite a few ideas on what we may utilize these taxes for. There is plenty of opportunity to return some of this wealth back to the community.
You may find that we may use this money to pay for things such as server builds, community content submitted for ECC as a whole, as well as funding prizes for events and other competitions.
If any money is taken from the ERSReserve account it will also be done with full transparancy, complete with news posts and an updated record on this wiki page.

Events - Tax Revenue Redistribution(top)

Tax Collection Records(top)

Here you can view all the collected taxes, who was hit and how much as well as the total amount collected.