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Author Topic: A question about payments for U.S. resident contributors  (Read 938 times)

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« on: July 09, 2018, 04:25 »
0
I am trying to figure out the cost of transfer and tax in the US.
Of each thousand dollars e.g. you see in your 'total earnings of a month', what could you get after the transfer and does any tax deduction made by Shutterstock.


« Reply #1 on: July 09, 2018, 06:20 »
+3
I get 100%.  Taxes are between me and the IRS; SS is not involved.

« Reply #2 on: July 09, 2018, 06:29 »
0
I am trying to figure out the cost of transfer and tax in the US.
Of each thousand dollars e.g. you see in your 'total earnings of a month', what could you get after the transfer and does any tax deduction made by Shutterstock.

Transfer cost, if international: around 2.5% to PayPal, in the form of a bad exchange rate.

Taxes: depends on what country you are from, and what tax treaty you have with the US. It could be 0%, it could be 30%.

« Reply #3 on: July 11, 2018, 14:32 »
+1
I am trying to figure out the cost of transfer and tax in the US.
Of each thousand dollars e.g. you see in your 'total earnings of a month', what could you get after the transfer and does any tax deduction made by Shutterstock.

Transfer cost, if international: around 2.5% to PayPal, in the form of a bad exchange rate.

Taxes: depends on what country you are from, and what tax treaty you have with the US. It could be 0%, it could be 30%.

Very good, you answered three questions, that he didn't ask, and ignored what he did ask.

0% deducted, no Paypal fees for living in the US.

I get 100%.  Taxes are between me and the IRS; SS is not involved.

The right answer


 

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