Thread: tax? how to
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Old 08-24-2001, 03:08 AM  
kane
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Join Date: Aug 2001
Location: portland, OR
Posts: 20,684
eded081,

basically you get taxed like this:
you will pay federal tax ( the amount dependent upon what you make ) you will also have to pay state tax if you live in a state that has a state tax and you will have to social security/ self-employment tax which is about 15% of your income. If you make any real money in this biz don't be suprised to see yourself paying about 40% of your income to taxes.
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