Underage people on Paypal

Discussion in 'PayPal' started by Daniel591992, Aug 30, 2006.

0
  1. #1
    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
     
    Daniel591992, Aug 30, 2006 IP
  2. TVCokeCan

    TVCokeCan Peon

    Messages:
    1,208
    Likes Received:
    147
    Best Answers:
    0
    Trophy Points:
    0
    #2
    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
     
    TVCokeCan, Aug 30, 2006 IP
  3. A.G

    A.G Well-Known Member

    Messages:
    2,510
    Likes Received:
    45
    Best Answers:
    0
    Trophy Points:
    150
    #3
    but if he want to verify it then he can't because of age , other than that it's not a problem
     
    A.G, Aug 31, 2006 IP
  4. TVCokeCan

    TVCokeCan Peon

    Messages:
    1,208
    Likes Received:
    147
    Best Answers:
    0
    Trophy Points:
    0
    #4
    A.G. Nah. Lord invented thou parents credit card!
     
    TVCokeCan, Aug 31, 2006 IP
  5. Daniel591992

    Daniel591992 Well-Known Member

    Messages:
    594
    Likes Received:
    19
    Best Answers:
    0
    Trophy Points:
    125
    #5
    I don't need to verify it :)

    anyone else have any thoughts?
     
    Daniel591992, Aug 31, 2006 IP
  6. keliix06

    keliix06 Active Member

    Messages:
    115
    Likes Received:
    2
    Best Answers:
    0
    Trophy Points:
    85
    #6
    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.
     
    keliix06, Aug 31, 2006 IP
  7. Daniel591992

    Daniel591992 Well-Known Member

    Messages:
    594
    Likes Received:
    19
    Best Answers:
    0
    Trophy Points:
    125
    #7
    Does paypal take the money out, or do you have to do it.

    BTW, I doubt I'll get >$600 a year :(
     
    Daniel591992, Aug 31, 2006 IP