Freedom Network No Tax?

[CoolMoo5]

Ok I did miss that part entirely. Ok that is shady, because no one is tax exempt except for religious organizations (churches, etc.).

Exactly (again correct me if I'm wrong) even if YouTube is a " hobby"and doesn't pay all your bills. If you monetize your videos, you still have to pay taxes on your earnings if you earn over $600.

 

[Kleineganz]

Exactly (again correct me if I'm wrong) even if YouTube is a " hobby"and doesn't pay all your bills. If you monetize your videos, you still have to pay taxes on your earnings if you earn over $600.

Well, even if you earn $1, you have to file an annual tax return, and depending on if you earn any other income that year, it gets lumped in with all your other earnings, of which some portion is generally taxable (but yes, there is no such thing as "hobby income" in the eyes of the IRS. Income is income).

 

[ArmedForcesUpdate]

Ok let me explain firstly I do not live in the US so I am not subject to IRS tax laws. I had contacted the tax office and it taken about 2 hours to explain how money was made on YouTube and the legal issues associated with making money on YouTube. The issues was so complex it taken 4 to 5 people at the tax office to figure this out. After much discussion they decided that my income can not be assessed (meaning i don't pay tax) . The Tax office has very explicit rules regarding the definition of income if my income dose not exactly fit in to that definition then the income can not be assessed. You would be surprised at the number of Tax loop holes there are for example many corporations get tax breaks such as General Electric, in some countries if you marry in to a royal family you pay no or very little tax and if you run a business there are many ways to write off tax. As i worked with a law students society that has some of the most elite law students in it I was able to develop very good debating skills while working with them. I am also a very determined person that will do what ever it takes to win at all costs. So those factors played a role in my success My Dad used to earn over 6 figures as an airline pilot and he got special tax breaks and I was close with a girl that is related to royalty had a high paying job with millions in the bank and she pays very little or nothing.

As for the channel it has 52 million veiws when a video slows down in the view count i take it down and re upload it with a different title and thumbnail and it continues to make money. Thats why you are not seeing the full view count. The channel pays all my expenses I send my mum away for a holiday to stay with relatives so I can have the hose to my self and pursue a very expensive hobbie while she is gone.

 

[Xynudu]

"I am tax exempt because the tax office considers my Youtube channel as a hobbie and I worked for a law students society so i have some special skills when it comes to dealing with the tax office."

If I read this correctly, the guy is in Australia and as such, any hobby is not taxable regardless of $ value, IF ASSESSED AS SUCH by the tax office.

Special skills sounds like BS to me. The only special skills required are for the tax office to give a ruling on the matter, which incidentally is never given over the phone, and is a written reply from the Australian Tax Office and only legally applicable for the year in question.

You supply written details (on a pro forma document available on line), and they supply the ruling - which can be appealed, if you feel hard done by.

 

[ArmedForcesUpdate]

"Special skills sounds like BS to me. The only special skills required are for the tax office to give a ruling on the matter, which incidentally is never given over the phone, and is a written reply from the Australian Tax Office and only legally applicable for the year in question."

Yes you are correct an official ruling can only be done by written reply from the Tax Office but the tax office can inform you of their legal position over the phone regarding the matter and give you their opinion which way the official ruling may go. So what i have is more of a unofficial ruling. The official ruling will be based on the exact same facts and the exact same laws as what was discussed over the phone so it is very likely to have the same outcome. As for "special skills" I was referring to being able to effectively present your side of the matter at hand. The more effective you are at presenting your side of the matter the more likely you are of receiving a favorable outcome.

"If I read this correctly, the guy is in Australia and as such, any hobby is not taxable regardless of $ value, IF ASSESSED AS SUCH by the tax office."
After much discussion I was told by the foreign income section that what i do on YouTube is not classed as providing goods or services and they regarded what i do is in a grey area of the law.
I am just telling you what i was told.

"You supply written details (on a pro forma document available on line), and they supply the ruling - which can be appealed, if you feel hard done by."
Yes you can supply the written details your self or you can engage a tax agent or appropriate legal council to provide the written details to the tax office.
I have already taken appropriate steps to engage appropriate legal council to supply the written details to the tax office in order to obtain an official ruling
I choose to engage legal council to ensure that my side of the matter is most effectively presented as possible.

 

[Kyle.]

Legal counsel*

I imagined someone who " worked for a law students society" would know that.

"Special skills sounds like BS to me. The only special skills required are for the tax office to give a ruling on the matter, which incidentally is never given over the phone, and is a written reply from the Australian Tax Office and only legally applicable for the year in question."

Yes you are correct an official ruling can only be done by written reply from the Tax Office but the tax office can inform you of their legal position over the phone regarding the matter and give you their opinion which way the official ruling may go. So what i have is more of a unofficial ruling. The official ruling will be based on the exact same facts and the exact same laws as what was discussed over the phone so it is very likely to have the same outcome. As for "special skills" I was referring to being able to effectively present your side of the matter at hand. The more effective you are at presenting your side of the matter the more likely you are of receiving a favorable outcome.

"If I read this correctly, the guy is in Australia and as such, any hobby is not taxable regardless of $ value, IF ASSESSED AS SUCH by the tax office."
After much discussion I was told by the foreign income section that what i do on YouTube is not classed as providing goods or services and they regarded what i do is in a grey area of the law.
I am just telling you what i was told.

"You supply written details (on a pro forma document available on line), and they supply the ruling - which can be appealed, if you feel hard done by."
Yes you can supply the written details your self or you can engage a tax agent or appropriate legal council to provide the written details to the tax office.
I have already taken appropriate steps to engage appropriate legal council to supply the written details to the tax office in order to obtain an official ruling
I choose to engage legal council to ensure that my side of the matter is most effectively presented as possible.

 

[Zooke]

Im sure they just mean they dont require you to sign any tax forms