The Government Has Thier Sticky Little Fingers In Everything Don't They?!?!?!
By Nykkee
@Nykkee (2522)
Canada
November 21, 2007 8:40am CST
Well like almost everyone here at Mylot, I spend a period of time each day looking for new and better ways to make money online. I have always has an interest in things like drawing and clothing design, so I recently signed up to both Zazzle and Cafe Press to check them out and see if either would be any good for me to try to make some money on. Well I was looking them both over again today when I noticed that CafePress asks for your tax information. Now this is only for US residents and I am in Canada, so maybe i escape it, but it still annoys me. Apparently the US government can't even let it's people earn $10 tax free. Now I think that is a little excessive. I can see if you are bringing in the equivalent to a full-time income online, I guess the government would "need: thie cut, but $10? Really? They have to tax even the little bits of money that a homemaker is able to make on the computer in her few free minutes a day (or whatever your situation is)? I know there is nothing that can be done about it but it still disgusts me. Here is what they say on CafePress about why they need tax information:
Why do you require tax information?
The IRS requires us to collect tax information or withhold earnings for taxes from all members (US citizens) earning over $10 in royalties. Please fill out the tax information on the Payee Information Page. International users should choose the first option that states, "I do not live in the United States, nor is my company incorporated in the United States."
Well that concludes my rant on this particular topic. Please let me know what you think about this? Do you agree with me that the goverment is being awfully greedy taxing such small amounts of income?
1 person likes this
3 responses
@nicolec (2671)
• United States
21 Nov 07
I'm not familiar with this particular site, but in general you only need to submit tax information if you earn $600 or more. Some sites might be $500. But that is so you can fill out a W9 in the US. Anything under that, it is not really considered a taxable income.
Now if you earn a total of $600 on, let's say 10 different sites, then it's the individuals responsibilty to claim that on their taxes.
So I do find it a little fishy that want to keep taxes out on as little as $10. But like I said, I'm not that familiar with this site.
1 person likes this
@scribe1 (1203)
• United States
12 Jan 08
The problem is that the big corporations are buying off the government and the government is letting them help set up the tax rules. The average working stiff doesn't stand a fighting chance. The only way he or she will live comfortably is by starting a business and taking advantage of the deductions that are allowed for business and not working people.
