Tycoon Talk
Become a Big fish!
The number 1 forum for online business!
Post topics, ask questions, share your knowledge.
Tycoon Talk is part of Freelancer.com - find skilled workers online at a fraction of the cost.

Liability & Legality


You are currently viewing our Liability & Legality as a guest. Please register to participate.
Login



Reply
What age do you have to be to pay taxes
Old 08-23-2006, 06:09 AM
tntcheats's Avatar
Extreme Talker

Posts: 203
Location: BC, Canada
Trades: 0
Quote:
Originally Posted by johniman7 View Post
While we are on this topic, will adsense automatically take the proper taxes out? I am not having any taken out right now but maybe because I am not making a whole lot.

I am also working a job ( one of those where you have to leave the house and actually work ) and they automatically take the taxes out. Do I need to do anything with my adsense earnings?
You need to file your own income taxes. Google doesn't do it for you.
__________________
James Henderson

Please login or register to view this content. Registration is FREE
|
Please login or register to view this content. Registration is FREE
|
Please login or register to view this content. Registration is FREE
|
Please login or register to view this content. Registration is FREE


Please login or register to view this content. Registration is FREE
|
Please login or register to view this content. Registration is FREE


Please login or register to view this content. Registration is FREE
|
Please login or register to view this content. Registration is FREE
|
Please login or register to view this content. Registration is FREE
tntcheats is offline
Reply With Quote
View Public Profile Visit tntcheats's homepage!
 
 
Register now for full access!
Old 08-28-2006, 05:34 PM
Junior Talker

Posts: 3
Trades: 0
Quote:
Originally Posted by Sygon View Post
So your saying a 13 year old has topay taxes if hes earning quite a bit? (UK)
That is a good question. A 13 year old(in the UK) shouldn't be working and therefore in the eyes of the law wouldn't have any income. If he/she can't work and therefore cannot earn income then he /she cannot be taxed. However, (and I can't remember exactly how this panned out) there was a case a few years back where the revenue attempted to get a prostitute to pay taxes (which again is illegal and therefore by definition she couldn't actually earn anything) and I believe won the case.

Your local tax office is the one to ask(the website is of no use at all-just tried)
blairsp is offline
Reply With Quote
View Public Profile
 
Old 08-29-2006, 06:03 AM
imported_illusion's Avatar
You smell that?

Posts: 612
Trades: 1
In Australia the tax threshold is $6,000 for a junior, but we pay GST all the time which is another tax.

This is why you always try to put the money in your mum and dad's name as an extra 6-8,000 isn't going to be much different in taxes unless they are closer to a higher earnings bracket.

But if you are making like lets say $100,000 then you might as well register a company and just do business through that and pay your own taxes
imported_illusion is offline
Reply With Quote
View Public Profile
 
Old 08-29-2006, 12:56 PM
Extreme Talker

Posts: 240
Trades: 0
Quote:
Originally Posted by blairsp View Post
That is a good question. A 13 year old(in the UK) shouldn't be working and therefore in the eyes of the law wouldn't have any income. If he/she can't work and therefore cannot earn income then he /she cannot be taxed.
Not quite - there are a few other sources of income over than work. For example, the interest on a bank account or windfalls from stocks and shares anyone has will be taxed provided they are earning over the personal allowance threshold.
imported_mattd is offline
Reply With Quote
View Public Profile
 
Reply     « Reply to What age do you have to be to pay taxes

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off





   
RSS Feed  Feeds: RSS   JS   XML
RSS Feed  Feeds for this forum: RSS   JS   XML



Page generated in 0.13058 seconds with 11 queries