· #1 Account Suspended
Name: Johan
Location: Sweden
Join Date: Jan 2006
Posts: 282
NP$: 307.00 (
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Paypal
I had like 20$ in my paypal, and when I sent them to another credit account I lost half of them in taxes lol
When you have a free account, why do paypal take so much taxes??
· #2 Senior Member
Name: Muneeb Ahmed
Location: Poly-Web.com
Join Date: Jun 2005
Posts: 1,347
NP$: 42.25 (
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Thats the shocking news for me
· #3 New Member
Name: Chris
Location: Columbus, Ohio, USA
Join Date: Jan 2007
Originally Posted by Blade1941 I had like 20$ in my paypal, and when I sent them to another credit account I lost half of them in taxes lol
When you have a free account, why do paypal take so much taxes??
Fees, not taxes. There's a huge difference. They take out fees because they make money that way. If they took out taxes, it would be for the government's benefit, not theirs. Luckily for me, the United States does not tax the Internet.
· #4 So easy a Domainer can ..
Join Date: Mar 2004
Posts: 9,385
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Originally Posted by GamePhreak Fees, not taxes. There's a huge difference. They take out fees because they make money that way. If they took out taxes, it would be for the government's benefit, not theirs. Luckily for me, the United States does not tax the Internet.
Excuse me ??? - And you heard this where ?
I'll be sure to point that out to my CPA this year ....
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· #5 Account Suspended
Name: Johan
Location: Sweden
Join Date: Jan 2006
Posts: 282
NP$: 307.00 (
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Ops I mean fee's of course
· #6 NamePros Regular
Name: Thomas
Location: New Jersey
Join Date: Aug 2006
I hope you guys know that you are going to have to pay taxes for your income on PayPal.
Also,
PPCalc is a great site to figure out how much you will be fee'd.
· #7 New Member
Name: Chris
Location: Columbus, Ohio, USA
Join Date: Jan 2007
Originally Posted by Mark Excuse me ??? - And you heard this where ?
I'll be sure to point that out to my CPA this year ....
I meant sales tax... Obviously, you need to pay income.
· #8 Account Suspended
Name: Johan
Location: Sweden
Join Date: Jan 2006
Posts: 282
NP$: 307.00 (
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Originally Posted by GamePhreak I meant sales tax... Obviously, you need to pay income.
See you also make mistakes :P
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