Do you pay taxes?

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inflameous

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It's my first wire transfer so I'm kinda unsure, do you have to pay taxes? Like if you are an employee in my country, you must pay 20% taxes. My question is, do you pay them or how does it work?
 

mitpat

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I'm not even half through my first year yet, though I will pay taxes this tax year. God damn UK income tax: 50% for over £150k. Gonna have to talk to an accountant before I pay an obscene amount of tax.
 

inflameous

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ReadByte said:
You probably have to pay income tax. You should consult a tax lawyer if you're unsure :tongue:
Yeah I guess that would be the best way to solve it, thanks for you reply.
 

Line

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mitpat said:
I'm not even half through my first year yet, though I will pay taxes this tax year. God damn UK income tax: 50% for over £150k. Gonna have to talk to an accountant before I pay an obscene amount of tax.

Yeah, make sure you pay that tax. The Queen will know if she's missing some loose change. Her Majesty's Revenue and Customs will be after you!
 

HueyFreeman

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umerjutt00 said:
In my country there is no tax for money earned from the internet for the next 5 years. So I don't pay any kind of tax.
That is pretty cool! Which country do you live in? I need to find out about the US's internet tax and if it matters whether I withdraw through Paypal or something else :3.
 

wipoonfire

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umerjutt00 said:
In my country there is no tax for money earned from the internet for the next 5 years. So I don't pay any kind of tax.

Same here, Never pay tax for whole 3 years cause there was no rule for income from internet. My Country Gov still learning internet stuff LOL.
 

AdWork Media

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If you are in the US, affiliate earnings are classified as "self employment" earnings and are subject to roughly 15% tax on top of normal income tax. Other countries may have lower tax rates for this kind of income. We send US residents a 1099 tax form around January of each year with the total amount received from us for the prior year.
 

Eion

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AdWork Media said:
If you are in the US, affiliate earnings are classified as "self employment" earnings and are subject to roughly 15% tax on top of normal income tax. Other countries may have lower tax rates for this kind of income. We send US residents a 1099 tax form around January of each year with the total amount received from us for the prior year.

I believe you will not send any tax form for non-us residents?

On-topic: I haven't yet paid taxes as I am not from US so none forced me. But, I will start paying taxes when I hit 18 :p
 
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