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Understanding Taxes for Self-Employed YouTubers

Discussion in 'YouTube Networks, Monetization and Partnerships' started by Kleineganz, Jan 17, 2014.

  1. Psytrux
    Active Member
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    Thanks for all the help!
     
    Kleineganz likes this.
  2. MeLikeBigBoom
    Liking YTtalk
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    This is unbelievably helpful, thank you!
     
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  3. Jack1505
    PandaMan
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    I don't wanna make youtube my job now...
     
  4. Kleineganz
    Opinionated Vlogger and Gamer
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    Why not? Taxes are taxes and you have to deal with them one way or another.
     
  5. Psytrux
    Active Member
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    technically you can make more money with youtube because expenses get taken out
     
  6. Kleineganz
    Opinionated Vlogger and Gamer
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    Well, more accurately you pay less in taxes if you expense items you use to make videos. It doesn't really increase earnings.
     
  7. Psytrux
    Active Member
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    Exactly, I think you described it better then I did xD
     
  8. MissFushi
    Kawaii Gamer Princess
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    Its sad to see for someone making the hypothetical 1Mil Dollars, they actually only end up getting about half. To me that doesnt make much sense. Its not like that person costs the government more in public services to 'take care of'. Hm. Wonder how it works for Pewdiepie in Sweden and his high earnings. That is a very wealthy country.
     
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  9. Psytrux
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    Thats mostly due to tax brackets though.
     
  10. babyteeth4
    Taking over the world... ...one kid at a time!
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    Paid well over 5 figures in taxes for 2014, and 2015 looks like it's on pace to exceed 6 figures. Death and taxes, ya know.
     
    Michael likes this.

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