/ic/ - Artwork/Critique

I don't pay taxes. Taxation is theft.

>>3888387
based

>>3888387
but what if you get in twubble uwu ???

>>3888387
redpilled

>>3888402
...but....but how can you just NOT pay taxes??
Aren't they going to throw you in jail or something?
Like if you're telling me there's a way to get out of this please be my guest.
I think I owe like around 1000 dollars.

anons...i am scared
halp

>>3888416
I have an uncle who lives off the grid and never pays taxes. He works with a community of engineers and veterans who all contribute privatized electricity and water.
He is untraceable to the government as far as I know.

>>3888416
its called tax fraud retard, just dont get caught

>>3888442
he's livin the dream and I'm jealous but i unfortunately do not live in an anarchist utopia compound. if you can give me the address of such a place that would be very helpful

>>3888451
but HOW?!? ;-; and what if do??

>>3888383
I don't do that taxes stuff
not because taxation is theft or something but because it's too much of a pain in the ass and too complicated to do
Since 9 years i've I always put everywhere where needed 0 on the internet website we have in switzerland

>>3888463
I wonder if Switzerland is less taxxy than the US but somehow I doubt it. How much do you make off of freelancing/commissions?
I'm only at 10k this year and hoping thats enough to kind of stay under the radar

nice try IRS

Paypal already takes a giant cut from my work, if the state would also pretend money I couldn't afford bread

>>3888383
ALL of it goy!

>>3888383
I don't have to pay taxes because I earn nothing

>>3888657
ok this one gave me a laugh

>>3888383
depends on where u live boi
I'm based in spain and from a 2k/month freelancing I'd have to pay almost 50%. I think it was around 900 euros/month in taxes last time i did the numbers.
Of course I'm not earning that much yet but It's what i would need earn to be left with a livable wage.
We have elections coming up soon so this may increase even more

>>3888383
I'm not a tax lawyer but in the US, federal self employment tax is 15.3% of 92% or so of your net earnings. That's the combined employer/employee contribution to social security and medicare. Then you pay income tax. You also have to pay estimated taxes quarterly if you make over 6k a year. The general rule is to withhold 40% of your business income for taxes just in case. End of year adjustments are a bitch due to how you have to make and pay quarterly estimates without penalties. Oh, and state taxes.

You aren't going to be paying that much after expenses and deductions kick in, the changes in the tax structure make it hard for me to say anything specific as it's been a while since I helped do filing for a photographer. There's now a 20% pass through business deduction that applies to freelance artists.

Now, you're a digital artist and have no meaningful expenses unless you're going to furcons to sell your wares. You'll take the standard deduction. You're single and live with your parents so that's 12k. Then the 20% deduction on the rest. With 16k a year, you'd pay about 2800 a year in taxes. Maybe. I'm just banging out a high estimate. Could be a lot less but you need expenses to lower your net and reduce your social security tax.

>>3888703
dont report all of it

>>3888383
I have a registered business here in Poland. I pay taxes, social welfare and a fee to the accountant. Income tax here is 19% and social welfare costs ~$140 (i'm still elligible for a 50% discount). I wouldn't say it's really bad, I still make like ~$1500-1800 a month which is above average in my country

>>3888728
Wow fucking thank you anon for the actual numbers and real help.

Alright fuck. I'm going to H&R Block later today and paying like 300 dollars to have them do this for me. I'm finally getting it out of the way. But I'm nervous I won't be able to pay my bills if I have to pay quarterly taxes.

>>3888784
Take it with a grain of salt, I wrote that on the toilet. Everyone I know has consulted with professionals and most of them get someone to file for them. You need someone to explain it all to you and have some good bookkeeping software.

All I can say is that you need to keep good records and learn the system to the best of your ability. Like I know you can deduct PayPal fees but I don't know if it's separate from the standard deduction. Or what counts as business use and why you don't want to be working on your personal computer should you get audited. Or how to amortize the depreciation on a cintiq.

I never thought that accounting class would come in handy.

I have a full time job. What happens if I start taking commissions? Do I have to report it separately as self employed or just other income?

>>3888454
How much do you make?
Very little.
Okay.

no point in filing for taxes if you make less than around 10k

chances of getting caught are basically none

>tfw for many years I've been reporting my freelance income as the amount that arrived at my bank account.
>tfw recently I discovered I should actually have reported my income before paypal took their cut
>tfw I've underreported my income for many years
how hard will I get fucked

>>3889410
Only if you get audited.

The maverick question is whether reporting it as an expense would change your taxes.

>>3888657
cheeky

>>3888416
>>3888387
you pay a sales tax on goods and some things have taxes included in the price. unless you live in the woods hunting deer with a stick, you pay taxes

>>3888383
Just make sure your clients mark your payment as a gift, if the gift is under 15k usd per person paying you then it's non taxable, if it is greater than this then the person giving the gift is the one responsible for filing the tax reforms. For this make sure you and your client understand that, let's say he'd gift you 1k and you, being their friend, decided to gift him a painting for their act of financial benevolence.

>>3889927
That's just asking to get audited. Anyone spending a grand on a painting is writing that shit off on their taxes.

>>3889930
I, as the creator of the art, wouldn't get shit as it is not my property and in fact benefits the buyer since the art can be assigned a market value (even thought it was a gift, it is now their property and can have it assessed and inflated) while they can easily donate it and write it off as a tax deduction. The only downside is that you cannot write off the cost of your materials to create the artwork, as this should fall into the "hobby" category rather than business.

>>3889930
>>3889943
that's probably why he mentioned to make sure both you and the client understand the kind of shenanigans that you're doing

>>3889943
You've just committed 3 different types of fraud and possibly opened yourself up to a RICO case. Just do under the table work or accept that you're a business if you need to pay rent with it.

>>3889002
Bump on this, really want to know what I need to do before starting this shit. For reference I'm at around 50k from my fulltime job already, and Idk what I'd make from commissions but only a few k at max

>>3890934
More than a grand and you're going to be filing it as self employment. You can change your w-4 filing status at work to take more out and make up for the taxes up to a point so you don't have to get raped when you file or pay quarterly.

>>3890957
Would it even be worth it at that point? I should note I'm a little closer to 60k. I could really use the extra money for big life events coming up, and I draw all the time in my free time anyways. But if it means the gubmint will be taking half of the extra stuff I earn (I know self emp is killer rates), or even worse affect the taxes I already have to pay, I might as well just not.

>>3890957
>>3890934
Oh yeah, the 1k figure is just an asspull but is generally the point where other freelancers start reporting so they can make expense deductions. Cost of materials, new camera lenses and SD cards, delinquent invoices, there's a lot to deduct.

Other income is for weird one time shit like jury duty or whitewashing a fence. Plus there is no such thing as hobby income anymore.

>>3890964
I'm not a tax lawyer and don't make that much. You can always just not report it. It's (theoretically) only an issue when your numbers don't add up and you're like the urban gentlemen who are unemployed and live with their mom but have a brand new Caddilac. Or are /reporting/ business income as something it isn't. Fuck, PayPal doesn't even send you a 1099misc unless you make a lot. A lot lot.

It would be worth it to find a friend with a side job and ask.

>>3889726

It wouldn't. It's 100% a writeoff. So I guess it won't hit me so hard, if it even ever hits me.

>>3891274
You're right, I was confusing it with some other ways to reduce your gross income and increase your net.

I never noticed how hard it is to create useful expenses as a freelance artist. Low overhead is great and all but there aren't many conventional ways to reduce your taxable income. It's all dubious shit like calling a trip to the zoo research or calling your girlfriend a model and assigning a cash value to your penis.

>>3890981
Thanks tax anon. Will consult a couple of people I know. Maybe I can just put it in "other income" and leave it at that

>>3888383

If you only make 15k, you should be claiming all of those payments and then making up a bunch of extra fake ones.

Tax refunds for poor are designed to encourage people to work. The more you make, the more you get back. When my wife was a waitress, I doubled her refunds by claiming her tips plus and extra $2000 in pretend tips.

>>3891998
Quarterly filing of estimated taxes fucks that up. I'm all for jewry but it would be better to claim dodgy expenses.

>>3888383
I don't pay taxes because i have a "severe" disability so freelance stuff is 0% tax. Just break your legs or claim autism bro

>>3892058
neat idea, brb hammering my legs