how much tax do you pay?

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  • beaver9
    Registered User
    • Oct 2002
    • 19
    #1

    how much tax do you pay?

    hi, guys, how much tax will you pay on this industry in the states?
    Tags: None
    • Pimp Dough
      #2
      Originally posted by beaver9
      hi, guys, how much tax will you pay on this industry in the states?
      All of our answers will vary depending upon the total amount of $$$ we generate. As for the average %, well... I pay around 30% to the government. It truly depends on which tax bracket you fall into (the more you make, the higher the taxes).

        Comment

        • kgp43
          Confirmed User
          • Jan 2005
          • 143
          #3
          It varies how much I earn

          0-$50.000 = $45-50%
          + $50k = 62%

          (denmark)
          ...
          .

            Comment

            • Pimp Dough
              #4
              kgp43, he asked how much he would have to pay WITHIN THE STATES.

                Comment

                • kgp43
                  Confirmed User
                  • Jan 2005
                  • 143
                  #5
                  ahhh, woops :P
                  ...
                  .

                    Comment

                    • Postmaster
                      Confirmed User
                      • Feb 2005
                      • 260
                      #6
                      I don't pay any taxes since I haven't earned a single buck yet (with my websites).
                      It's not the quantity of posts that matters, but the quality. Contact me to buy my sig.

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                        • Pimp Dough
                          #7
                          Well, that sure sucks. Keep working! Don't give up.

                            Comment

                            • Postmaster
                              Confirmed User
                              • Feb 2005
                              • 260
                              #8
                              Originally posted by Pimp Dough
                              Well, that sure sucks. Keep working! Don't give up.
                              TY, I will keep working! I just started : )
                              It's not the quantity of posts that matters, but the quality. Contact me to buy my sig.

                                Comment

                                • KarlZimm
                                  Registered User
                                  • Feb 2005
                                  • 60
                                  #9
                                  If you can just get enough deductions to cover the revenue, you're good. You may be able to get some tax benefits by becoming an LLC or possibly even becoming a full corporation. A lot of it depends specifically on which state you're in as well.
                                  Karl Zimmerman
                                  Steadfast Networks - http://www.steadfastnetworks.com
                                  Dedicated Servers, Virtual Private Servers, and Colocation

                                    Comment

                                    • jscott
                                      jscizzle
                                      • Feb 2001
                                      • 25534
                                      #10
                                      Florida = $0 state tax so thats good

                                      but i plan on paying $10,000 this yr in taxes
                                      If you think tough men are dangerous, wait until you see what weak men are capable of.
                                      - Jordan B. Peterson
                                      Listen to Pomp tell why is Bitcoin important

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                                        • thonglife
                                          So Fucking Banned
                                          • Oct 2004
                                          • 1566
                                          #11
                                          Originally posted by beaver9
                                          hi, guys, how much tax will you pay on this industry in the states?
                                          Zero - I still owe from 2001.

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