Bogus Taxes

Discussion in 'AdSense' started by Twan, Jul 26, 2006.

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  1. #1
    What percent of my Adsense revenue do I need to give back to Uncle Sam? 28%? I'm in the U.S.
     
    Twan, Jul 26, 2006 IP
  2. qwestcommunications

    qwestcommunications Notable Member

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    #2
    I think it will depend on the amount you earn. Income tax varies according to one's earnings.
     
    qwestcommunications, Jul 26, 2006 IP
  3. fsmedia

    fsmedia Prominent Member

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    #3
    Yeah it's probably around 30% or so, it's harsh to the pocket book.
     
    fsmedia, Jul 26, 2006 IP
  4. mjewel

    mjewel Prominent Member

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    #4
    You need to talk to a CPA. It depends on your level on income, deductions, etc. State taxes vary. Including those and SS, I pay about 50%. If you had SE income last year, you will also need to make quarterly estimated payments to avoid penaltites at the end of the year.
     
    mjewel, Jul 26, 2006 IP
  5. Twan

    Twan Well-Known Member

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    #5
    If you make about $70,000/year, you need to give up $35,000?!?!?!?!?
     
    Twan, Jul 26, 2006 IP
  6. CalGuy

    CalGuy Peon

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    #6
    If you're making good money with adsense ($2,000+/mo), I'd definitely recommend talking to a good accountant. You can take advantage of a variety of adsense-internet related deductions to lower your taxes.
     
    CalGuy, Jul 27, 2006 IP