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Noob question about Broker Fees and Taxes
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Pai Mei Lao
Ministry of War
Amarr Empire
#1 - 2014-04-06 17:36:32 UTC
Buy low, sell high... Right? When I place a buy order I get charged Broker Fees. When I place a sell order I get charge Broke Fees and SalesTax.

Does this mean I pay 2x Broker Fees for every buy order/sell order flip?
Do I also pay 2x Sales Tax?
Axel FoIey
Audacious Entrepreneurial Businesspersons Academy
#2 - 2014-04-06 17:50:43 UTC
Simple version for a maxed skilled trade pilot with no standings is to tripple the broker fee for a complete trade cycle.

For a complete trade cycle (buy order purchase, then sell order sell), you will pay 2x broker fee's and 1x station tax. One broker fee for the buy order and one broker fee plus one station tax for the sell order.

Say I want to buy 1 Drake at 45,652,888.51 ISK to sell for 48,241,765.33 ISK.
Say the initial broker fee for my buy order is 300,000 ISK.
I times that 300,000 by 3 which equals 900,000 ISK that will be paid out to 2x broker fee's and 1x station tax.
So add that 900,000, let's just round up to 1,000,000 ISK, to your buy order price and that is the amount of ISK it costs you to aquire one Drake. 45,652,888.51 + 1,000,000 = 46,652,888.51.
Now your potential profit. 48,241,765.33 - 46,652,888.51 = 1,588,876.86 ISK.
Wafflehead
Garoun Investment Bank
Gallente Federation
#3 - 2014-04-06 17:54:00 UTC
2 Broker and 1 Sales.

Sell = Broker & Sales
Buy = Broker
Pai Mei Lao
Ministry of War
Amarr Empire
#4 - 2014-04-06 18:00:45 UTC
Thank you both!