How to pay income tax as an independent contractor in the USA.
Tips and suggestions on how to file taxes for Google Adsense and other independent contractor income.
You will most likely file as a sole proprietorship on Schedule C of your individual income tax return. You may wish to become a single member LLC and do a triple net lease back of your office, but that is a really long story.
The bad news about small independent contractors is they pay SE tax on their profits. This lightens their wallet about 15%.
by GA Anderson 18 months ago
First, a little housekeeping;Recent comments by Wilderness and Live to Learn prompted me to refer to an old thread by My Esoteric.The motivating comments related to what a "Fair" taxation structure should be.I now believe that out current 'progressive' income tax structure is one that at...
by scoop 4 years ago
If someone made $8,000 from Hubpages, how much income tax do they pay?IF someone made $8,000 from Hubpages, then how much Federal income tax would they have to pay? Would they have to pay estimated taxes or would they figure out how much they owe when they file their federal tax return? Note: The...
by ptosis 10 months ago
More than 400 millionaires and billionaires asks Congress not to pass a bill that "further exacerbates inequality." It also says the tax bill should not add to the country's debt.Republicans are “saying we can’t afford to spend money, but we can afford to give rich people a huge tax...
by Susan Reid 6 years ago
Wow. 500,000 households making more than $100K per year and 7,000 millionaires paid no income tax in 2011.Do they consider themselves "victims" do we suppose?Are they lost causes who will never "take personal responsibility and care for their lives"Excerpt followed by...
by Judy Specht 6 years ago
If you have a job, is it fair that you may not pay Federal Income Tax?Forty nine percent of people in US don't pay Fed Income Tax because they don't make "enough", Warren Buffet says he doesn't pay as much as his secretary. Whats a fair share and who should pay it.
by Cassie Smith 6 years ago
Only half of all Americans are paying their taxes because they are still employed. The unemployment rate isn't going down any time soon as much as the media wants to spin it so it looks like the taxpayer half will slowly reduce their numbers as Obama proposes more ways to spend money in the...
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