Do we pay tax for profit earn from Affiliate Program?

[James Woon]

I am just wondering do we pay tax for profit earn from Affiliate Program or Internet Marketing?

[megaresp]

Originally Posted by James Woon

I am just wondering do we pay tax for profit earn from Affiliate Program or Internet Marketing?

Yes, if you live in a country that imposes income tax.

[stevenh512]

If you're wondering whether or not you should pay taxes on your affiliate income (or any other income), just remember this. Out of all the vicious and brutal crimes Al Capone committed in his "career" the one thing that sent him to prison was tax evasion. The government hates not getting their share of your money.. lol

[Ewan Cormack]

In general, yes. But bear in mind if you're not earning a lot of money, then you'll probably be below the bottom tax band anyway.

[Andy Hart]

As long as its "income" you gotta cough up

[Davion Wong]

Hi James, yes. You either pay it in the country where you earn it or you pay it in your country of residence. Check out the tax laws of your country.

For example, if you are in Singapore. The answer is yes, you do have to pay taxes.

Originally Posted by James Woon

I am just wondering do we pay tax for profit earn from Affiliate Program or Internet Marketing?

[hangtimenino]

and let me ask the next question. How much should you pay, if lets say you are earning somewhere $100 - $200 /week? how does the computation work?

[Anomaly1974]

You need to refer to the local tax codes wherever you live. If you are in the US, you may have city, county, state or other local taxes in addition to federal taxes. It really does depend on where you live.

[JeffMitchell]

Originally Posted by hangtimenino

and let me ask the next question. How much should you pay, if lets say you are earning somewhere $100 - $200 /week? how does the computation work?

About 25% this week and about 90% by the end of 2009....lol

Jeff Mitchell

[Marty S]

Wow, some of the questions on this forum about accounting lead me to believe that there is a real need for a ebook in for income reporting.

[Kay King]

The real question is - how can anyone give ANY advice on taxes to someone with no country of residence listed???

kay

[jondavidson]

I had always wished that you could keep it all. Check with your local CPA.

[Tsnyder]

Originally Posted by tongloong

so does it mean if i do online marketing part time, and my full time job is my main income stream i don't need to pay tax? any suggestions for a minimum cap?

Again... you have no country of residence listed but if
you live and work in the USA you will need to report your
part time earnings as well as the earnings from your job.

The good news is if you've kept adequate records you may
also be able to claim deductions for several household expenses
that you otherwise would not be entitled to.

Tsnyder

[TheRichLife]

I don't understand how you can start a business and not already know the answer to that question. All I can say is good luck!

[Marty S]

Originally Posted by Kay King

The real question is - how can anyone give ANY advice on taxes to someone with no country of residence listed???

True but there are some basic fundamentals in regards to normal operations of business that are rather standard - I mean without going into specific tax law.

[Scott Allan]

Yes unfortunately,

Just check with your countries tax agency


Good Luck

Scott Allan

[JimLillig]

If you work with CPA networks, almost all require a W9 for US based affiliates. If you earn over $600 the network has to report those earnings to the IRS, and since you are listed on the W9 the IRS knows that you made the money and therefore would like you to pay the income tax on the money. You can learn more at Internal Revenue Service, they are very helpful when it comes to giving them money. I am not a tax professional and this comment should not be construed as tax advice, only a qualified professional can do that. Hope this helps.

[James Woon]

Hello guys, thanks for all the valuable comment. I am from Malaysia and I have checked with the tax department, and the answer is yes we need to pay the tax for the profit that earn from affiliate program.

[virginiad]

I don't know about Malaysia, but in the US you have to report the income, but can also deduct any related expense...ebooks, memberships, etc. that help you earn the income.

[Alan Mc Donald]

guy here is a question for you, say for example one works online and all of his/hers domains are privately registered and they are making money but not declaring it, is there anyway they can be found out? i always wondered about that

luckily i make the majority of my money from online gambling which is tax free anyway here in ireland

[JAIDEEP2959]

In my country India, I will have to pay tax 30% of affiliate commission.

[dlwebb610]

The US government has no legal right to charge an income tax on your labor.

1. The 13th amendment to the Constitution was NEVER legally ratified.
2. It is an illegal tax because it is not apportioned as the Constitution demands.
3. The US Supreme Court as said it is not a legal tax several times. The latest being in 2001.

I could continue but what is the point. I personally have not paid income tax since 2000 and I never will again. Please don't take my word for it. Go and ask any tax professional to show you the law IN BLACK AND WHITE that says you must pay income tax. They won't do it. Why? Because the law does not exist.

Take two hours out of your schedule and watch this vid. Or not! The choice is yours.
freedom to fascism - Google Videos

[Marty S]

Originally Posted by dlwebb610

The US government has no legal right to charge an income tax on your labor.

1. The 13th amendment to the Constitution was NEVER legally ratified.
2. It is an illegal tax because it is not apportioned as the Constitution demands.
3. The US Supreme Court as said it is not a legal tax several times. The latest being in 2001.

I could continue but what is the point. I personally have not paid income tax since 2000 and I never will again. Please don't take my word for it. Go and ask any tax professional to show you the law IN BLACK AND WHITE that says you must pay income tax. They won't do it. Why? Because the law does not exist.

Take two hours out of your schedule and watch this vid. Or not! The choice is yours.
freedom to fascism - Google Videos

Wow. How do you get an internet connection in Hermitville?

[petevamp]

as far as an affiliate goes to paying taxes unless you where asked for your social security number you can not be held liable for taxes. A few of the owners of your affiliate programs may ask for your tax information. This is because it is their business. They have to pay taxes which should exept you from the taxes. Since they are liable to pay taxes as the owner. Those income taxes where already paid out through the owner of the affiliate program. You may still be liable for state taxes on your income through these affiliate programs.

[petevamp]

Originally Posted by petevamp

as far as an affiliate goes to paying taxes unless you where asked for your social security number you can not be held liable for taxes. A few of the owners of your affiliate programs may ask for your tax information. This is because it is their business. They have to pay taxes which should exept you from the taxes. Since they are liable to pay taxes as the owner. Those income taxes where already paid out through the owner of the affiliate program. You may still be liable for state taxes on your income through these affiliate programs.

I also ask you this have you ever run a garage sale and made over 1000 doing so. Did you pay taxes on that income you just made from selling your old junk. How about when a friend calls you up and says can you do this and that to my car I will pay you so so amountof money. Did you report that as income even though that is what it is. You should start seeing my point.

If not let me make it clearer you are simply selling someone else's product for them as an affiliate. The government knows nothing about who made the sales the company you sold the product for is not listed as a actual employment business. You simply sell thier items for them you used your time to do so which makes you an employee to that affiliate program where the owner had to pay taxes on so so amount made on his product/s you are not liable unless you are making well over 10k a year on your affiliate program you will not have to pay taxes on your income

[dlwebb610]

Originally Posted by Marty S

Wow. How do you get an internet connection in Hermitville?

Excuse me!? If you choose to live in fear, please be my guest.

[Marty S]

Originally Posted by dlwebb610

Excuse me!? If you choose to live in fear, please be my guest.

I was totally razzing you Dude. But I seriously do not know how deep in the bush I would have to live if I stopped paying taxes. Yeah, that scares me I suppose.

[dlwebb610]

Originally Posted by Marty S

I was totally razzing you Dude. But I seriously do not know how deep in the bush I would have to live if I stopped paying taxes. Yeah, that scares me I suppose.

OK sorry but I believe it would be in your best interest to watch the vid I suggested in the earlier post. Look at it this way. How much time have you invested in learning this biz? Shouldn't you be willing to invest some time to learn about what is happening around you? After all is it not better to be informed? Just like with everything in life, it's good to learn more.

PS: I don't live in the bushes, I live in plain site for all to see.