ย 

Stop ๐Ÿ”ฅ gaming with Gift Taxes

Allowing students to give ๐Ÿ”ฅ is a great way to get students engaged in Slack and MS Teams. But sometimes, students will game the system by forming a ๐Ÿ”ฅ alliance where they only give ๐Ÿ”ฅ to their friends. To help prevent this, ClassCred applies a gift tax to ๐Ÿ”ฅs given to the same person in a week. In this post, we will explain how to implement gift taxes:

  1. How gift taxes work

  2. How to adjust gift taxes

  3. How to disable gift taxes


How gift taxes work


By default, ClassCred applies a 50% gift tax to more than15 ๐Ÿ”ฅs given to the same person in a week and a 90% tax to every ๐Ÿ”ฅ over 20.


Example

Suppose a student was given 22 ๐Ÿ”ฅs by the same student in a given week. Points would be awarded as follows:

Tax Bracket

Tax Rate

๐Ÿ”ฅs Received

Tax

Points Earned

0 -15

0%

15

0

15

16 - 20

50%

5

2.5

2.5

21 - 22

90%

2

1.8

0.2

Total

โ€‹

22

4.3

17.7

Students are notified if their ๐Ÿ”ฅ is taxed on their activity feed.



How to adjust gift taxes


The default gift tax rates are very conservative and will only tax the most egregious gaming offenses. You can adjust the brackets and rates as follows:


Step 1: Go to Rewards in the ClassCred app



Step 2: Select Fire and then Gift Tax


Step 3: Adjust your brackets and tax rates.

By default, fire is never taxed when given by an instructor. Checking, Applies to instructors, will apply gift taxes to instructor fire. Checking this box is useful if you would like to test the Gift Tax feature.



How to disable gift taxes


If you would like to disable Gift Taxes you can do so by changing the Reward Status to Disabled.



ย