Deduction of tax while making payments.
July 20, 2008 8:12am CST
Most of us who go for online small earnings have to pay a good amount of tax from our earnings. The percentage of tax we are to departed with from our earnings may go as high as 35% of our total earnings. How far it is justified. Because, most of the online earners total income is very much below the amount to meet the tax obligations, whichever country it may be.
• United States
20 Jul 08
In the US it is $400 if I am not mistaken and even if you DO have to pay those taxes you are going to have more write-offs than you will taxes... for example... the computer, any material that you use to research any information, you can even designate part of your house as a home-office and deduct the % of that from your taxes as well. *Not an accountant please seek professional advise about tax-deductions Thanks Zelo