pancakes

MicrostockGroup Sponsors


Author Topic: A question about payments for U.S. resident contributors  (Read 3729 times)

0 Members and 1 Guest are viewing this topic.

« 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


 

Related Topics

  Subject / Started by Replies Last post
3 Replies
3121 Views
Last post March 27, 2008, 01:55
by Freezingpictures
5 Replies
2895 Views
Last post October 21, 2013, 12:14
by Ron
36 Replies
39403 Views
Last post February 22, 2016, 18:28
by YadaYadaYada
3 Replies
3042 Views
Last post May 12, 2016, 04:06
by Aleutie
23 Replies
7079 Views
Last post July 08, 2018, 09:18
by niktol

Sponsors

Mega Bundle of 5,900+ Professional Lightroom Presets

Microstock Poll Results

Sponsors