Sir Ling Ling (2) Posted August 25, 2017 Report Share Posted August 25, 2017 (edited) Is there ever a point to where you can earn no money cap? Its very demotivating to think that you will have to pay 75% of ur prestige at some point. 4 million isnt even that much either and you have to pay 3 mil of it away? Edited August 25, 2017 by Sir Ling Ling (2) Link to comment
Joe (StealthProxy) Posted August 25, 2017 Report Share Posted August 25, 2017 (edited) Yes. You will no longer have a money cap once you hit "Eminent", meaning you obtained over $10,000,000 in prestige. At this point your money cap becomes unlimited. By the way, if you have four million prestige and you convert it with the 75% penalty, you will keep three million. You don't lose three million. Edited August 25, 2017 by Joe (StealthProxy) Zoex and Gen. Henry Arnold like this Link to comment
Gen. Henry Arnold Posted August 25, 2017 Report Share Posted August 25, 2017 Just now, Sir Ling Ling (2) said: Is there ever a point to where you can earn no money cap? Its very demotivating to think that you will have to pay 75% of ur prestige at some point. 4 million isnt even that much either and you have to pay 3 mil of it away? http://gaming-asylumwiki.com/wiki/Money_And_Prestige Eminent rewards you with no money cap. Joe (StealthProxy) likes this Link to comment
Sir Ling Ling (2) Posted August 25, 2017 Author Report Share Posted August 25, 2017 20 minutes ago, Joe (StealthProxy) said: Yes. You will no longer have a money cap once you hit "Eminent", meaning you obtained over $10,000,000 in prestige. At this point your money cap becomes unlimited. By the way, if you have four million prestige and you convert it with the 75% penalty, you will keep three million. You don't lose three million. are u sure about that? because when I had like 900k in pres and i took it out I with the ~11% penalty I lost 11%. Link to comment
Sir Ling Ling (2) Posted August 25, 2017 Author Report Share Posted August 25, 2017 19 minutes ago, Gen. Henry Arnold said: http://gaming-asylumwiki.com/wiki/Money_And_Prestige Eminent rewards you with no money cap. Once i hit eminent though will the 10 mil that I have in there be taxed? Link to comment
Sir Ling Ling (2) Posted August 25, 2017 Author Report Share Posted August 25, 2017 it says Asylum always take a minimum of 10% and a maximum of 75%. Link to comment
Joe (StealthProxy) Posted August 25, 2017 Report Share Posted August 25, 2017 Just now, Sir Ling Ling (2) said: are u sure about that? because when I had like 900k in pres and i took it out I with the ~11% penalty I lost 11%. The wiki states the following: Quote You can revert your prestige back into cash. This can be done at the Channel 4 News station located above Kavala. However, a heavy Tax deduction may be incurred each time you exchange prestige to cash. Asylum always take a minimum of 10% and a maximum of 75%. A player with less than $533,000 prestige will pay a 10% penalty to convert all that prestige back into in-game currency, leaving them with ~$480,000 going into their bank account when they do the conversion. As you get above $533,333 prestige the amount of the penalty escalates until you get to $4,000,000 prestige at which point it maxes at 75%. Read all about Money & Prestige here: http://gaming-asylumwiki.com/wiki/Money_And_Prestige Link to comment
Steve Posted August 25, 2017 Report Share Posted August 25, 2017 Just now, Sir Ling Ling (2) said: Once i hit eminent though will the 10 mil that I have in there be taxed? Once you hit eminent you have no cap. If you want to stay at "no cap" you can not go below 10 mil prestige. Zoex likes this Link to comment
Sir Ling Ling (2) Posted August 25, 2017 Author Report Share Posted August 25, 2017 Just now, Steve said: Once you hit eminent you have no cap. If you want to stay at "no cap" you can not go below 10 mil prestige. Okay well what if you have 11 mil prestige and you take out 1 mil... Will that 1 mil be taxed? Link to comment
Steve Posted August 25, 2017 Report Share Posted August 25, 2017 Just now, Sir Ling Ling (2) said: Okay well what if you have 11 mil prestige and you take out 1 mil... Will that 1 mil be taxed? yes it will be, but there is no incentive to have more then 10mil prestige. Link to comment
Joe (StealthProxy) Posted August 25, 2017 Report Share Posted August 25, 2017 (edited) Just now, Sir Ling Ling (2) said: Once i hit eminent though will the 10 mil that I have in there be taxed? When you convert it to actual cash value, then yes, you will be taxed. The tax will probably be the maximum 75%, meaning you will receive 2.5 million instead of the 10 million you had. Edited August 25, 2017 by Joe (StealthProxy) Link to comment
Sir Ling Ling (2) Posted August 25, 2017 Author Report Share Posted August 25, 2017 Just now, Steve said: yes it will be, but there is no incentive to have more then 10mil prestige. god damn it. Now in order to keep myself sane on this fucking server i have to go on 2 mil spending sprees so that way I dont get to the 75% tax rate and lose 75% of my hard fucking work. Link to comment
Steve Posted August 25, 2017 Report Share Posted August 25, 2017 Just now, Sir Ling Ling (2) said: god damn it. Now in order to keep myself sane on this fucking server i have to go on 2 mil spending sprees so that way I dont get to the 75% tax rate and lose 75% of my hard fucking work. How much prestige do you currently have? Link to comment
Sir Ling Ling (2) Posted August 25, 2017 Author Report Share Posted August 25, 2017 Just now, Steve said: How much prestige do you currently have? only 2 mil. Link to comment
Steve Posted August 25, 2017 Report Share Posted August 25, 2017 Just now, Sir Ling Ling (2) said: only 2 mil. So either grind to 5mil prestige for a 6 mil cap, or stay where you are or at least above 1 mil prestige for the 2mil cap. Link to comment
Sir Ling Ling (2) Posted August 25, 2017 Author Report Share Posted August 25, 2017 Just now, Joe (StealthProxy) said: When you convert it to actual cash value, then yes, you will be taxed. The tax will probably be the maximum 75%, meaning you will receive 7.5 million instead of the 10 million you had. I thought 75% tax meant you were taxed 75% of all your shit. With what you are saying, with 10% tax you would only get 53k if you pulled out 533k Link to comment
Steve Posted August 25, 2017 Report Share Posted August 25, 2017 Just now, Sir Ling Ling (2) said: I thought 75% tax meant you were taxed 75% of all your shit. With what you are saying, with 10% tax you would only get 53k if you pulled out 533k to be honest, I don't really know much about the taxing. I just stay above 10 mil prestige for no cap. Link to comment
Joe (StealthProxy) Posted August 25, 2017 Report Share Posted August 25, 2017 Just now, Sir Ling Ling (2) said: I thought 75% tax meant you were taxed 75% of all your shit. With what you are saying, with 10% tax you would only get 53k if you pulled out 533k You'll keep 480k. Link to comment
Sir Ling Ling (2) Posted August 25, 2017 Author Report Share Posted August 25, 2017 Just now, Joe (StealthProxy) said: You'll keep 480k. What you are saying makes no sense. You said that with 75% tax you keep 7.5mil/10mil you take out. Tax means they are taking the money, so with 75% tax I would keep 2.5mil if I were to withdraw out 10 mil. That is what is absolutely bullshit. Link to comment
Joe (StealthProxy) Posted August 25, 2017 Report Share Posted August 25, 2017 Just now, Sir Ling Ling (2) said: What you are saying makes no sense. You said that with 75% tax you keep 7.5mil/10mil you take out. Tax means they are taking the money, so with 75% tax I would keep 2.5mil if I were to withdraw out 10 mil. That is what is absolutely bullshit. My mistake. You will keep 2.5 million if you transfer 10 million prestige into cash. Link to comment
Sir Ling Ling (2) Posted August 25, 2017 Author Report Share Posted August 25, 2017 Just now, Joe (StealthProxy) said: My mistake. You will keep 2.5 million if you transfer 10 million prestige into cash. yeah, exactly. It is fucking shitty. It sucks for people like me who enjoy making money, not necessarily going on spending sprees with it. Essentially, the long hours i spend making the money gets cut severely. Link to comment
conthegodoffire Posted August 25, 2017 Report Share Posted August 25, 2017 You could also gib me dat money Link to comment
Sir Ling Ling (2) Posted August 25, 2017 Author Report Share Posted August 25, 2017 Just now, conthegodoffire said: You could also gib me dat money money aint ever free Link to comment
conthegodoffire Posted August 25, 2017 Report Share Posted August 25, 2017 Just now, Sir Ling Ling (2) said: money aint ever free True that Link to comment
Sir Ling Ling (2) Posted August 25, 2017 Author Report Share Posted August 25, 2017 I wish there was some way u could buy crate keys with asylum cash. I got so much asylum cash that there is nothing to really do with it and I want dem pilot coveralls. Then again tho, it really wouldnt make sense as keys are supposed to act as a server donation. And asylum cash has no real $ value to devs. Link to comment
Gen. Henry Arnold Posted August 25, 2017 Report Share Posted August 25, 2017 6 minutes ago, Sir Ling Ling (2) said: What you are saying makes no sense. You said that with 75% tax you keep 7.5mil/10mil you take out. Tax means they are taking the money, so with 75% tax I would keep 2.5mil if I were to withdraw out 10 mil. That is what is absolutely bullshit. Don't convert your prestige. While it is a waste, if you manage your money well, you should never have to convert. The prestige is merely meant to build up to get you to Eminent. If you're worrying about converting and percent cut, read Mida's guide below that on how to manage your bank wisely. Link to comment
Patato Posted August 25, 2017 Report Share Posted August 25, 2017 (edited) Just now, Sir Ling Ling (2) said: I wish there was some way u could buy crate keys with asylum cash. I got so much asylum cash that there is nothing to really do with it and I want dem pilot coveralls. Then again tho, it really wouldnt make sense as keys are supposed to act as a server donation. And asylum cash has no real $ value to devs. Well to be honest the idea is you are never supposed to convert prestige into cash. Unless your about to die and want to give your friends everything/killing your account. The best way to think of it is. Prestige is a lump sum that you are paying the bank as a fee for them to hold your money. The more money you have the more that fee is going to be for the bank to hold your money. Luckily for you the bank allows you to pay in increments and once you get to their Double platinum premium account "eminent/10mil prestige" you never have to give them a dime again to hold your money. After you get 10mil prestige no more of your money will ever get turned into prestige Edited August 25, 2017 by Patato Link to comment
Midamaru Posted August 25, 2017 Report Share Posted August 25, 2017 (edited) 3 hours ago, Patato said: Well to be honest the idea is you are never supposed to convert prestige into cash. Unless your about to die and want to give your friends everything/killing your account. Couldn't make it more obvious that you're talking about me.. 3mil give away soon Edited August 25, 2017 by Midamaru Link to comment
Tusken Raider Posted August 25, 2017 Report Share Posted August 25, 2017 7 minutes ago, Gnashes said: Once you reach Eminent ($10 Million Prestige), your cash won't convert to prestige again (Unless you get $100MM in your bank, because that's a coded cap nobody is even close to) Ultimately, prestige is "cash made to hold as an asset to be able to hold more cash". If you pull it out, it's taxed between 15% (400k prestige) and 75% (4MM prestige). The tax is based on what is in your account when you make the withdrawal, not how much you withdraw. How much does number 1 have? Link to comment
Midamaru Posted August 25, 2017 Report Share Posted August 25, 2017 Just now, Tusken Raider said: How much does number 1 have? Around 20mil + 10mil prestige i believe. BioHazard likes this Link to comment
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