US Resident, hit the max at $600, now what?

Y

yazo80s

Junior Member

Jul 14, 2008

166

73

• Feb 25, 2009

• #1

Once you hit the $600 barrier, next comes the tax form. What comes next?
Do you now get taxed for every article you submit on this one account?

Also is it better to create faked multiple accounts and keep the money rolling in without paying the tax after you hit the $600 ceiling?

After reading a lot of post's here, i was thinking of just creating multiple accounts, and doing the usual precautions like using proxies, clearing cache, etc. Any help would be appreciated!


thx

 

leonidt

Regular Member

Oct 11, 2008

235

215

• Feb 25, 2009

• #2

If you're a US citizen, you have to pay tax on anything you make over $600/year. That's the law. Are you asking how to commit tax evasion?

 

M

mdmoney

Junior Member

Nov 20, 2008

138

38

• Feb 25, 2009

• #3

They report the tax to the IRS with your SS on it. You have to pay taxes into the IRS. If you earn a lot of money in different places you should pay taxes every quarter or if you do not make a lot of extra money, you pay once a year.

I would give it to them because you can live off some residuals of some hot articles. Plus, don't cheat Uncle Sam even though your taxes goes to stupid places. Just pay the taxes.

 

J

jezlad

Regular Member

Dec 24, 2007

251

39

• Feb 25, 2009

• #4

I'm not from the US. I have every intention of multi accounting it up. If I was from the US though I'd definitely run one legal account for the residual payments.

 

black1411

Junior Member

Dec 14, 2008

158

65

• Feb 26, 2009

• #5

Question is with the rumored 30**% tax, issit worth the residual payment? That's something you have to figure out yourself. On a brighter note, i think tax % can be lower if u are good with tax. Anyone know what is the exact % for A*C*?

 

W

werrich

Regular Member

Feb 17, 2009

374

43

• Mar 6, 2009

• #6

Just get the tax form and go on with it.. it's better to have a tax form for your stuff so it shows u do some legit work for $. the amount u have to pay on 600 will be small anyway