Making money online can be costly! LOL!

Discussion in 'General Chat' started by vitalbusiness, Oct 7, 2010.

0
  1. #1
    Some of you are just starting on the road of making $$ online. If you are in the US, consider this. In 2008 I made around $19,000 via cj.com and AdSence. Not much. I mean pennies. But still it was comforting to know that I made progress. Guess how much the IRS took back? Close to $4,000! I couldn't believe my eyes when I was told how much I owned when I was filing taxes.

    So as I said, making money online is a costly thing!!
     
    vitalbusiness, Oct 7, 2010 IP
  2. ActiveFrost

    ActiveFrost Notable Member

    Messages:
    2,072
    Likes Received:
    63
    Best Answers:
    3
    Trophy Points:
    245
    #2
    Well, if we speak honestly, I've never paid any taxes from what I've earned online - all that because of the situation as in your example.
     
    ActiveFrost, Oct 7, 2010 IP
  3. vitalbusiness

    vitalbusiness Peon

    Messages:
    882
    Likes Received:
    15
    Best Answers:
    0
    Trophy Points:
    0
    #3
    Those accounts are associated with my SS# and I had no choice. I would pay taxes anyway, what blew me away was how much I owed! What a joke!
     
    vitalbusiness, Oct 7, 2010 IP
  4. rosn007

    rosn007 Well-Known Member

    Messages:
    1,081
    Likes Received:
    49
    Best Answers:
    0
    Trophy Points:
    195
    #4
    The only worst thing about becoming a U.S resident :)
     
    rosn007, Oct 7, 2010 IP
  5. ApocalypseXL

    ApocalypseXL Notable Member

    Messages:
    6,095
    Likes Received:
    103
    Best Answers:
    5
    Trophy Points:
    240
    #5
    Ya my tax guys would like to tax the skin on my ass lol .
     
    ApocalypseXL, Oct 7, 2010 IP
  6. Koala

    Koala Well-Known Member

    Messages:
    1,831
    Likes Received:
    14
    Best Answers:
    0
    Trophy Points:
    185
    Digital Goods:
    5
    Articles:
    4
    #6
    I am not earning that much, then I don't have to worry about taxes.
     
    Koala, Oct 7, 2010 IP
  7. chris20

    chris20 Well-Known Member

    Messages:
    115
    Likes Received:
    2
    Best Answers:
    0
    Trophy Points:
    103
    #7
    Did you forget to consider that you need to pay taxes based on your earnings online? If yes, it isn't that really costly for you to earn online. Also, if that's the case, for sure your earnings is much bigger than your tax expense.

    Well, as for me, I don't really pay tax for my earnings because I'm living in a place that doesn't require me to do so and I'm earning from different money making activity as well.
     
    chris20, Oct 7, 2010 IP