Does anyone here actually pay tax on their online earnings?
By kiran1978
@kiran1978 (4134)
Australia
May 24, 2008 6:08am CST
I was just wondering if people here pay taxes on the money they earn online (eg - mylot, ptc, blogs, etc)? If you have did you get much tax taken out? ARe you worried if you haven't that the tax department may find out. I have been paid a few times so far by mylot and bux3, but I have not paid tax as yet.
8 responses
@tigertang (1749)
• Singapore
24 May 08
WOw! I mean you must really be very successful online, at least successful enough for them to be interested in you. I think most of us don't earn enough online to be able to call our online activities earnings. But good for you - perhaps you should also consider writing about the money you've made when retire.
@kiran1978 (4134)
• Australia
25 May 08
Hi compumom, that is great that you are having good success with your online business. What kind of business do you do online? I wish you all the success.
@compumom (738)
• United States
25 May 08
Thanks for the well wishes. I'm a freelance writer and I earn my money by writing for online sites and blogging. I also have a couple of websites.
Some of the money I earn is residual income (my favorite way to earn money), the other money is active where I have to write daily or weekly in order to get paid. Once the residual income increases to a point where I can live on it, I'll be able to write less.
I started this a little over two years ago, and each year the income increases. I'm putting in the hard work now so that it will pay off in the long run.
@dpk262006 (58679)
• Delhi, India
24 May 08
Kiran, my earning is too meagre and too little so as to put me into any tax bracket......LOL! 
Nonetheless, you have asked a relevant question, and those who are constantly earning through internet, may answer it correctly.
Nonetheless, you have asked a relevant question, and those who are constantly earning through internet, may answer it correctly.@kiran1978 (4134)
• Australia
24 May 08
I thought I would ask as it has been bugging me for a while, this tax thing confuses me. As you have to look at what investment you put into it such as premium membership, referral packages, etc. I guess it does not matter if earnings are pocket cash, but have a big payout coming from bux.to and not sure about tax???
@cupid74 (11388)
• Pakistan
24 May 08
Well i think i earn almost US$30 in 5-6 month, i dont think it comes under any tax slab
LOL
and i think people per month earning must be less than tax requirement
@kiran1978 (4134)
• Australia
24 May 08
Think you are safe there lol. I am expecting payment from bux.to in a few months. It should be around the 3K mark by the time I get it. Just not sure about tax as some of that was money I invested into it, plus the earnings are over a few months.
@anujain75 (1059)
• India
24 May 08
I am from India.We donot have to pay tax for $4000 per annum for woman and $3500 for a man.Apart from this if we invest upto $2500 in different tax rebating instrumentlike insurance,mutualfunds,provident fund then we donot have to pay tax for that amount also.
that means $6500 per annum.I havenot touched that amount.So I am not bother about tax department
@kiran1978 (4134)
• Australia
24 May 08
Thanks for your information about tax in India. I will have to look into what the tax laws is in Australia. I have not earnt much at present though so don't have to worry at the moment, but when i get my $2500 from bux.to was not sure whether I had to pay tax, it is so confusing.
@snakequeen (1299)
• India
24 May 08
I am far from thinking about paying online tax! Yet to get any pay-out from any site. Even if i get, it may only be meagre. So, no worry for me, for now.
@kiran1978 (4134)
• Australia
25 May 08
hi snakequeen, I did not think we had to pay taxes for small amounts. But I was just wondering for people who earn lots do they pay taxes. Thanks for your response. Won't be long before you get your first payout here at mylot.
@julyteen (13252)
• Davao, Philippines
7 Jun 08
if we live in the U.S, we pay taxes according to the terms of the site that we must confirmed if we are U.S. citizen or not. i paid a lot of taxes on my offline business. gosh, it's really annoying that small business operator don't evade taxes, unlike rich people who always be tax evader.
