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US Tax % on Adsense

Discussion in 'AdSense' started by melfan, Feb 16, 2005.

  1. schlottke

    schlottke Peon

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    #21
    I think my personal favorites are the poor people taxes like the National Lottery and taxing the sale of Cigarettes...
    SEMrush
     
    schlottke, Feb 17, 2005 IP
    SEMrush
  2. wendydettmer

    wendydettmer Peon

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    #22
    That's not taxing the poor.....lots of people purchase those items. They're luxury items anyway, not neccesities, so people can choose not to get them
     
    wendydettmer, Feb 17, 2005 IP
  3. respree

    respree Peon

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    #23
    The question in unanswerable without specifics.

    Generally speaking, you will pay three types of tax; federal, state and self employment (fica and medicare) and are based on the net earnings of the company.

    Self employment (medicare and FICA [social security]) taxes are a flat 15.3%, made of of two components; an employee tax and employer match.

    Federal income taxes are not a function of revenue but of net taxable earnings. Net taxable earnings are a function of net earnings (for your company), comprised of revenue minus expenses, your standard or itemized deductions, exemptions claimed (single or married), among other things.

    State income taxes are similarly a function of net earnings, but state income tax rates differ from state to state.

    This is a fairly simplistic explanation and overview, because there are many more things that go into calculating net taxable earnings.

    So that's why it can't be answered with a simple, "it's x%."
     
    respree, Feb 17, 2005 IP