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Author Topic: Fotolia's 28% tax ... Do What ?!?!?!  (Read 3060 times)

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« on: February 04, 2010, 19:41 »
0
ROFLMAO !!!!!!!! my wife just logged into her account and noticed they were taking out 28% for taxes. C'mon how stupid is that? 1099 royalties are filed under self-employment and SE taxes are only 15.3% and if your total income goes over 106K that number drops all the way down to 3%

Conspiracy theory of the day
Let's say Fotolia takes the 28% that they would have normally paid you .. hold it until the quarter to report .. in the meantime that 28% is placed into short-term low-interest yet safe investments which draws interest on your money .. not noticeable to the individual contributor but think of this .... interest accumulated on 28% of a million sales would be the equivalent of Fotolia keeping 100% of all sales to themsleves ... or more !!!!!

Stay tuned for tomorrows conspiracy theory when I reveal the secrets behind the sex scandel between Bill Gates and dimestore tycoon Sam Walton which gave birth to a masked evil superpower which is known today as the new world order (AKA Wal-Mart)


donding

  • Think before you speak
« Reply #1 on: February 04, 2010, 19:44 »
0
 ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D :D :D :D :D ;D ;D ;D ;D :-\
Well all in the day of the life of Fotolia

lisafx

« Reply #2 on: February 04, 2010, 19:48 »
0
Randy, didn't you and your wife provide the tax info they wanted?  I did and they didn't deduct any taxes from me, just sent a 1099. 

Try contacting customer support and providing your tax info, if it isn't already too late. 

« Reply #3 on: February 04, 2010, 19:58 »
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Randy, didn't you and your wife provide the tax info they wanted?  I did and they didn't deduct any taxes from me, just sent a 1099. 

Try contacting customer support and providing your tax info, if it isn't already too late. 

I did mine the day I got the email ... but then I forgot about it until she opened her account up and there was a weeks worth of withholdings LOL .. We took care of it but I couldn't help laugh at how ridiculous their 28% figure was .. I'm guessing they just pulled that number out of a hat and said yeah that works.

OM

« Reply #4 on: February 04, 2010, 20:13 »
0
I'm on UK, requested payment last month, got Paypal through yesterday. No deductions because I filled out W8 (or something form) last year. No ITIN requested. No probs.


 

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