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Adsense JV Taxes

Discussion in 'Business & Tax Advice' started by wahpah22, Aug 9, 2013.

  1. wahpah22

    wahpah22 Registered Member

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    Hey BHW! I'm pretty stumped right now I can't figure this out. Hopefully you guys can help me.

    So I'm in this Adsense JV with someone and we're making a lot over $100+ a day. We're splitting the earnings 60/40. I get 40%. Now my question is how much will taxes cost? I don't mind paying them if they're no that much, but I don't want to end up using all the money I made on the taxes.

    Any advice on this would be helpful.

    Thank you :)
     
  2. Skyebug77

    Skyebug77 Jr. VIP Jr. VIP Premium Member

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    This depends on your Living Dependency status. Try google a IRS tax calculator to see what you should be setting aside based on your status.
     
  3. EmpireQuality

    EmpireQuality Elite Member

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    if your in the states, its going to be about 33%
    but always remember to write off your expenses :)
     
  4. BlackHatRael

    BlackHatRael Junior Member

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    Depend on the principal country you pay taxes.
     
  5. liftitbuddy

    liftitbuddy Newbie

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    I am an attorney and CPA focusing on the affiliate marketing industry. I would be happy to help you prepare your taxes. Please feel free to contact me!
     
  6. Reyone

    Reyone Elite Member

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    You want to pay your taxes, no matter what the % is... I think you better be half rich and enjoying it than being double rich and in jail.
     
  7. seosid

    seosid Regular Member

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    Well said :))) .