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How to Minimize Broker's Fees and Sales Tax?

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Fantasia Freelance	Posted - 2009.09.16 16:49:00 - [1] I'm trying to minimize my Broker's Fees and Sales Tax for selling on the market. What factors determine these fees and taxes? Broker Relations skill, Accounting skill, faction standing?, corp standing?, what else? Thanks! See my in-game Contracts starting at 1 million like a full set of +3 Basic implants! WTB Scourge missiles and +3 Basic implants in hi sec.
Dretzle Omega Caldari Global Economy Experts Stellar Economy Experts	Posted - 2009.09.16 16:58:00 - [2] Originally by: Fantasia Freelance I'm trying to minimize my Broker's Fees and Sales Tax for selling on the market. What factors determine these fees and taxes? Broker Relations skill, Accounting skill, faction standing?, corp standing?, what else? Thanks! Yes. More Detailed: You are correct. Broker Relations Skill, Accounting Skill, Standing with the NPC corp that owns the station you place the orders at will reduce Broker fees.
SencneS Rebellion Against Big Irreversible Dinks	Posted - 2009.09.16 17:00:00 - [3] TAX is only effected by the accounting skill and the CFO Skill with roles, CFO is not seeded so don't bother looking for it. Broker Fees - According to EVE Wiki Broker Fee calculation is... BrokerFee % = (1.000 % û (0.050 % + Broker Relations Skill Level)) / ((0.1000 + Faction Standing) + (0.04000 + Corporation Standing)) Amarr for Life
Lexander Morinex Caldari LDD Investments	Posted - 2009.09.16 17:24:00 - [4] Originally by: SencneS TAX is only effected by the accounting skill and the CFO Skill with roles, CFO is not seeded so don't bother looking for it. Broker Fees - According to EVE Wiki Broker Fee calculation is... BrokerFee % = (1.000 % û (0.050 % + Broker Relations Skill Level)) / ((0.1000 + Faction Standing) + (0.04000 + Corporation Standing)) I remember cracking this a year ago and the formula has an exponent in it. I think it should be: BrokerFee % = (1.000 % û (0.050 % + Broker Relations Skill Level)) / e^((0.1000 + Faction Standing) + (0.04000 + Corporation Standing)) I will look up the work just to make sure.
Lexander Morinex Caldari LDD Investments	Posted - 2009.09.16 17:34:00 - [5] Edited by: Lexander Morinex on 16/09/2009 17:41:35 Edited by: Lexander Morinex on 16/09/2009 17:34:50 Originally by: Lexander Morinex Originally by: SencneS TAX is only effected by the accounting skill and the CFO Skill with roles, CFO is not seeded so don't bother looking for it. Broker Fees - According to EVE Wiki Broker Fee calculation is... BrokerFee % = (1.000 % û (0.050 % + Broker Relations Skill Level)) / ((0.1000 + Faction Standing) + (0.04000 + Corporation Standing)) I remember cracking this a year ago and the formula has an exponent in it. I think it should be: BrokerFee % = (1.000 % û (0.050 % + Broker Relations Skill Level)) / e^((0.1000 + Faction Standing) + (0.04000 + Corporation Standing)) I will look up the work just to make sure. Here is the formula I would use: BrokerFee% = e^(ln(1 - (0.05 * Broker Relations Skill Level)) - (0.1 * Faction Standing) - (0.04 * Corp Standing)) - Lex
Fantasia Freelance	Posted - 2009.09.16 23:11:00 - [6] Edited by: Fantasia Freelance on 16/09/2009 23:11:07 e^x as described here? http://en.wikipedia.org/wiki/Exponential_function It's been a while since I've taken math. And ty vm for the info!! See my in-game Contracts starting at 1 million like a full set of +3 Basic implants! WTB Scourge missiles and +3 Basic implants in hi sec.
Thoraemond Minmatar Far Ranger	Posted - 2009.09.17 04:01:00 - [7] Originally by: Fantasia Freelance e^x as described [on Wikipedia]? Yes. Here's the formula implemented in Google Search, with the variables filled in to find the hypothetical minimum Market Order Broker Fee. I say hypothetical because you'll find it difficult to reach standings of 10.00. You might adjust the variables to suit your needs. You might also enjoy this colourful visualization of the quadrant in which your faction and corporation standings are positive: a chart of Market Order Broker Fees, by Faction and Corporation Standing (via eve-files.com, thanks Chribba!). As SeneceS pointed out, there are different independent variables for the calculation of Sales Tax rates. The calculation of Broker Fees for Contracts is different again. á á
Fantasia Freelance	Posted - 2009.09.17 15:32:00 - [8] Again, ty vm! For any fellow nerds out there, I just found the "EXP" function in MS Excel to help me with calculating Broker's Fees. Another question, will my Connections skill level help with the Faction and Corp standings? I think some standing require an unmodified standing so that the Connections skill isn't always applicable. See my in-game Contracts starting at 1 million like a full set of +3 Basic implants! WTB Scourge missiles and +3 Basic implants in hi sec.
Lexander Morinex Caldari LDD Investments	Posted - 2009.09.17 15:57:00 - [9] Connections doesn't help (which you have figured out): The formula in Excel, assuming you put Broker Fee in cell A1, Faction Standing in B1, and Corp Standing in C1 is: =EXP(LN(1-(0.05A1))-(0.1B1)-(0.04*C1))
Fantasia Freelance	Posted - 2009.09.17 16:07:00 - [10] Thanks again! I added your formulae :) to the OP. See my in-game Contracts starting at 1 million like a full set of +3 Basic implants! WTB Scourge missiles and +3 Basic implants in hi sec.

Salpad Carebears with Attitude	Posted - 2009.09.23 04:40:00 - [11] Originally by: Lexander Morinex Connections doesn't help (which you have figured out): Connections does help with refining tax, or at least it did in 2007. That may have changed. -- Salpad C.E.O., Carebears with Attitude
Lexander Morinex Caldari LDD Investments	Posted - 2009.09.23 05:06:00 - [12] Originally by: Salpad Originally by: Lexander Morinex Connections doesn't help (which you have figured out): Connections does help with refining tax, or at least it did in 2007. That may have changed. This is correct. The reprocessing/refining rules are a bit different though. You can remove all reprocessing/refining tax with proper standings. I have the exact algorithm hiding in my reprocessing program. - Lexander Morinex


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