MicrostockGroup

Agency Based Discussion => Featurepics.com => Topic started by: madelaide on December 05, 2010, 08:34

Title: Tax collection, now at FP
Post by: madelaide on December 05, 2010, 08:34

There goes 30% again.  I don't benefit from any US tax money, but I understand they have the right to collect some of any business done there, it's just that 30% is outrageous! To me, US tax department is the true axis of evil! 

Quote

FeaturePics is required to collect US Federal tax withholding information.
Please review the information we posted under "My Tax Form" and file an appropriate Tax Form.
The "Request Payment" button has been temporarily disabled. It will be returned to service December 20, 2010.
We encourage you to submit your tax forms prior to that date to establish proper withholding rate on your earnings.
Thank you, Elena.

Title: Re: Tax collection, now at FP
Post by: cathyslife on December 05, 2010, 08:52

Quote from: madelaide on December 05, 2010, 08:34

There goes 30% again.  I don't benefit from any US tax money, but I understand they have the right to collect some of any business done there, it's just that 30% is outrageous! To me, US tax department is the true axis of evil! 

Quote

FeaturePics is required to collect US Federal tax withholding information.
Please review the information we posted under "My Tax Form" and file an appropriate Tax Form.
The "Request Payment" button has been temporarily disabled. It will be returned to service December 20, 2010.
We encourage you to submit your tax forms prior to that date to establish proper withholding rate on your earnings.
Thank you, Elena.

30% is hefty, for sure. And I agree with you. IRS = dirty rotten scoundrels

Title: Re: Tax collection, now at FP
Post by: MicrostockExp on December 05, 2010, 09:13

Only US sales are subject to taxes right, so it might not be so much:)

Title: Re: Tax collection, now at FP
Post by: madelaide on December 05, 2010, 09:27

Yes, I can only wish that buyers are only Elena's connections in Russia or whatever former URSS countrye their families come from!

Adding Brazil's taxes (27.5% in my case), I make 50% only of the earnings from USA sales.   :'(

Title: Re: Tax collection, now at FP
Post by: dirkr on December 06, 2010, 16:23

If I ever get close to a payout at FP, I'll start to bother... ::)

Title: Re: Tax collection, now at FP
Post by: pancaketom on December 06, 2010, 17:13

I am from the USA, so it doesn't much matter for me, but I did manage to get a payout right before this hit, so I imagine I won't have to give them that info for a while. I hope I'm wrong though. I am glad I don't have to deal w/ Canadian or Romanian withholding though.

Title: Re: Tax collection, now at FP
Post by: luissantos84 on December 06, 2010, 22:51

two sales for more than a year (port around 1k) not worried :)