tax % how much do they typically take in the US?

For online earnings such as selling websites, etc how much does the IRS typically take as a % from your earnings?

 

Too damn much.

Sorry, I don't have the exact amount. It depends on your overall earnings for the year. It's not the same for everyone.

 

10-30% depending on income level and deductions. Best to ask your accountant for specific details of your situation.

 

WebWriter said it, too damn much! It's wrong, just plain sick and wrong

 

Depends on your total income for the year, and the state you live in. In California, it can run up to about 45% for the highest bracket for Federal and State. If you're self-employed, SSI can take another 12.4%.

 

42% sucks me right in the nuts

 

If you are self-employed if it $87,900.00 or less you multiply your NET EARNINGS by 15.3%, if over $87.900 you multiply your NET EARNINGS by 2.9% and then add $10,899.60 to get the results.

For Corps - It is a flat 35%. It is important to note that if the corporation is an S-corp, the QPSC 35% tax rate is not applicable. S-corp status is an elected tax treatment requested by the taxpayer on Form 2553, Election by a Small Business Corporation. You can see information on that here http://www.irs.gov/pub/irs-pdf/f2553.pdf

or you can go by this table: Tax Rate schedule:

over- but not over- tax is: of the over amount

$0 50,000 15% -0-
50,000 75,000 $7,500+25% $50,000
75,000 100,000 13,750+34% 75,000
100,000 335,000 22,250+39% 100,000
335,000 10,000,00 113,900+34% 335,000


There are amounts for over that... if you need any for over 10,000,000 Please contact me and I will give you the figures.

Thanks,
Joni

 

Hehe, I'd move to Dubai

 

That means you are making a lot of cash! Is this all from the 100 sites you were testing with or from real sites?

Care to share the trick for getting your nuts sucked?