Quote:
Originally posted by mysandstorm
Are you guys paying any taxes on your income from selling porn?
I hate paying taxes... How good or bad is if I don't report any income from this job?
I have a friend hi was driving a cab for 1 year and he made about
40 k and he paid 0 tax but on the other side i have a friend that is a chef in a restaurant and he is paying allmost 40% of his income for tax. that's insane....
What do you think of that subject? I am a newbee and I need some opinion from people that are in this bussiness for few years at least...
thanks
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Be honest and pay taxes. If they catch you, the IRS will make your life a living hell. It is not worth being caught because after that they tag your file and go over every subsequent filing with a fine tooth comb.
Also, make sure that you pay quarterly and put something back from every check. It is hard at first, it is intoxicating to get a fat check, but you have to think of your future.