Underage people on Paypal

Daniel591992

Aug 30th 2006, 1:47 pm

Hey. I know lots of people under 18 that sign up for paypal. I'm 14. I am gonna recieve some money soon for a design I made. When I sign up for paypal, I'll give him my paypal id, and I;ll get the money. Just wondering. What about taxes? I have no clue how this stuff works. I wanna just use the money to buy some iTunes songs :p

TVCokeCan

Aug 30th 2006, 1:54 pm

Im sure lots of people on paypal are underage, and to me it don't matter. Taxes are paid by paypal unless your selling but TBH I doubt many pay taxs on templates!

*NB I have no clue what I am talking about

A.G

Aug 31st 2006, 6:47 am

but if he want to verify it then he can't because of age , other than that it's not a problem

TVCokeCan

Aug 31st 2006, 8:36 am

A.G. Nah. Lord invented thou parents credit card!

Daniel591992

Aug 31st 2006, 10:53 am

but if he want to verify it then he can't because of age , other than that it's not a problem

I don't need to verify it :)

anyone else have any thoughts?

keliix06

Aug 31st 2006, 11:50 am

Just about any money you receive the government wants their cut. Generally if you make less than $600 in a year you don't technically have to report it, but you might want to consider talking to an accountant if you plan on doing this more than once.

I've been paying taxes since I was 12, the government doesn't care how old you are.

Daniel591992

Aug 31st 2006, 12:18 pm

Just about any money you receive the government wants their cut. Generally if you make less than $600 in a year you don't technically have to report it, but you might want to consider talking to an accountant if you plan on doing this more than once.

I've been paying taxes since I was 12, the government doesn't care how old you are.

Does paypal take the money out, or do you have to do it.

BTW, I doubt I'll get >$600 a year :(