Yes I do. The amount of earning from both job and the online earning has crossed specific threshold. And it has reached to the taxable level. So I have to pay the taxes each year. Hopefully that streak continues. It feels good to pay taxes because it means I am growing. I don't mind taxes but I don't want to be broke and helpless anymore. I lived that "avoid tax, stay low earning" mode for long. Now I want to make money. Hopefully this good stuff continues.
That depends really. If you are working for a company/corporation/institution, taxes are automatically withdrawn from our monthly income. If one is working at his/her own business then one has to pay their taxes manually.Hey folks.
My question for today is whether you pay taxes for the income you make .
Some countries have strict law that taxes have to be paid so I wanted to ask.
Not just law. it's better to be on good page wiht the tax. you can do road cutting on the customer and the other side. but law is osmething we should never take things lightly. so i try to make sure that i am on good page with the law. and never going to get into issues with it. and another thing is that there are some of the online business that may have their share of the issues there. so taxation is something I always look forward to deal with.Good answer. Thank you buddy. In my country not everyone pays taxes but some of them are required to. Its really important otherwise law is gonna hunt you.
Hey folks.
My question for today is whether you pay taxes for the income you make .
Some countries have strict law that taxes have to be paid so I wanted to ask.
I think it is hard for the taxman to determine if money from online is gifts from abroad or it is a payment for freelancing work. However, in the USA the taxman is very strict. For those who have full-time jobs and are part-time freelancers can argue that they are already taxed and one should not be double taxed. Online jobs are a grey area in my country.In my country, it is compulsory to pay tax. It is automatically deducted from your salary every month and so you can't evade it and you also don't have the burden of looking for money to pay the tax.
I think it is hard for the taxman to determine if money from online is gifts from abroad or it is a payment for freelancing work. However, in the USA the taxman is very strict. For those who have full-time jobs and are part-time freelancers can argue that they are already taxed and one should not be double taxed. Online jobs are a grey area in my country.
Thaat is actually good. Because here you have to do your own tax. and then decide what may or may not work. and that is something people don't tell you about the online income as well. that being said, there are always things that makes you wonder if the taxes are exceeded or not. I have learned that online earnings can be harder. and paying taxes in advance. that can be harder to deal with every now and then.In my country, it is compulsory to pay tax. It is automatically deducted from your salary every month and so you can't evade it and you also don't have the burden of looking for money to pay the tax.
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