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SS tax from this month

Started by Peter, August 04, 2009, 10:50

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Peter

SS took 16$ of tax from me this month. Thats not as much as I would expect, not bad, hope it wont increase in next months. :D

But anyway, prices are going lower and lower...  :'(

borg

Quote from: Peter on August 04, 2009, 10:50
SS took 16$ of tax from me this month. Thats not as much as I would expect, not bad, hope it wont increase in next months. :D

But anyway, prices are going lower and lower...  :'(

I haven't payout for this month...

If isn't secret, what percentage is tax from the whole payment!?
I am asking only to determine the estimated number of U.S. sales...

Peter


borg

Quote from: Peter on August 04, 2009, 13:52
5.5%

Wow!
Woooooow!


That is nothing...

Someone mentions that average is about 26 %

Excellent, long live SS!!

Thanks Peter

Suljo


shiyali

I seem to do better with non-US buyers. Only 3.5% tax here.

hoi ha

My home country does not have a tax treaty with the US - as a result 30% of my earnings have been taken. Based on that, together with the banking fees, I lose about 35% of earnings ... I am within a hairs breadth of quitting the site after many years there ... is anybody else pulling out of SS due to this tax issue?

Noodles

Quote from: hoi ha on August 11, 2009, 10:17
My home country does not have a tax treaty with the US - as a result 30% of my earnings have been taken. Based on that, together with the banking fees, I lose about 35% of earnings ... I am within a hairs breadth of quitting the site after many years there ... is anybody else pulling out of SS due to this tax issue?

If my stats are similar to others then you wont lose that much - the 30% is taken from US bought imagery and that was only around 15% for me last month. I must admit I thought it would be a lot higher than 15%.

hoi ha

Quote from: Noodles on August 11, 2009, 11:27
Quote from: hoi ha on August 11, 2009, 10:17
My home country does not have a tax treaty with the US - as a result 30% of my earnings have been taken. Based on that, together with the banking fees, I lose about 35% of earnings ... I am within a hairs breadth of quitting the site after many years there ... is anybody else pulling out of SS due to this tax issue?

If my stats are similar to others then you wont lose that much - the 30% is taken from US bought imagery and that was only around 15% for me last month. I must admit I thought it would be a lot higher than 15%.

Thanks Noodles ... I just went and took a look at my payout details and you are right - I ended up paying out basically 7% as most - by far -was not US sourced. I am still very unhappy about this though ... it just does not seem right. But there we go ... not a lot we can do about it suppose ...

Adeptris

#9
Quote from: hoi ha on August 11, 2009, 12:24
Thanks Noodles ... I just went and took a look at my payout details and you are right - I ended up paying out basically 7% as most - by far -was not US sourced. I am still very unhappy about this though ... it just does not seem right. But there we go ... not a lot we can do about it suppose ...

Have you asked your local tax office about 'Double Taxation Relief' and offsetting any withheld tax against your own liability?

Most tax authorites should allow tax offsetting against non treaty countries, worth a country specific Google search, a call to the accountant or a chat with the local tax office if not anything else.

David  ;D

hoi ha

Thanks for the advice Adpetris - we don't have income tax in my jurisdiction (we have salaries tax) so income made overseas is not taxable ... so no double taxation relief I am afraid ... but cheers anyway.

HermanM

 ;D ;D ;D

Just 3.017% here... Glad to see SS is waaaaaay big outside the US!
Microstock information in Spanish
Informacion sobre Microstock en Espanol www.microstockinfo.org  My diary/Mi diario www.jjmiphoto.com

fotografer

I was amazed to find that less than 1% of my earnings were deducted.  Not sure why as about 15% of my sales were from USA and I haven't got around to filling in the form yet. I thought that even if we were in a treaty country 30% was withheld until unless we had done the paperwork.

Adeptris

Quote from: fotografer on August 21, 2009, 07:33
I was amazed to find that less than 1% of my earnings were deducted.  Not sure why as about 15% of my sales were from USA and I haven't got around to filling in the form yet. I thought that even if we were in a treaty country 30% was withheld until unless we had done the paperwork.

The WHT is only on the direct Sales to US Customers, the rest of the world does not count  ;)

fotografer

Yes I realize that but as about 15% of my earnings were from US sales  I expected to pay 30% tax on that as I haven't filled in the form yet or in other words have about 5% deducted from my earnings  or am I missing something.

Quote from: Adeptris on August 21, 2009, 07:50
Quote from: fotografer on August 21, 2009, 07:33
I was amazed to find that less than 1% of my earnings were deducted.  Not sure why as about 15% of my sales were from USA and I haven't got around to filling in the form yet. I thought that even if we were in a treaty country 30% was withheld until unless we had done the paperwork.

The WHT is only on the direct Sales to US Customers, the rest of the world does not count  ;)

Adeptris

Quote from: fotografer on August 21, 2009, 07:58
Yes I realize that but as about 15% of my earnings were from US sales  I expected to pay 30% tax on that as I haven't filled in the form yet or in other words have about 5% deducted from my earnings  or am I missing something.

Yeah sorry did not see it for looking it should be 4.5% on that basis, 1% would meant that 3% of your sales were US, something was lost in the calculation or reporting somewhere.

David  :-[

fotografer

Does that mean that I'll get arrested at the airport next time I go to the Usa for underpaying my US taxes  ;)

HermanM

It is sooo low that even if my country (Panama) had a treaty (it is in the works) I most certainly skip the paperwork, and all the hassles related to it. 
Microstock information in Spanish
Informacion sobre Microstock en Espanol www.microstockinfo.org  My diary/Mi diario www.jjmiphoto.com

Freezingpictures

Quote from: HermanM on August 21, 2009, 23:00
It is sooo low that even if my country (Panama) had a treaty (it is in the works) I most certainly skip the paperwork, and all the hassles related to it. 

There is actually almost no hassle to fill out the paper work, it took less than a minute.. Its all online at SS.

elvinstar

Am I correct in thinking that this applies only to Non-US residents?
Life is what is and what will be, not what has gone before...

HermanM

Quote from: Freezingpictures on August 22, 2009, 07:51
Quote from: HermanM on August 21, 2009, 23:00
It is sooo low that even if my country (Panama) had a treaty (it is in the works) I most certainly skip the paperwork, and all the hassles related to it. 

There is actually almost no hassle to fill out the paper work, it took less than a minute.. Its all online at SS.

I was talking about having to file a request for an ITIN (originally they told us that it as required, then not), but it seems that if my country had a treaty I wouldnt net one either!  I filled the W8BEN on line.
Microstock information in Spanish
Informacion sobre Microstock en Espanol www.microstockinfo.org  My diary/Mi diario www.jjmiphoto.com

goldenangel

Quote from: elvinstar on August 22, 2009, 13:14
Am I correct in thinking that this applies only to Non-US residents?
Yes.

elvinstar

Thanks goldenangel! I was worried that I was going to get in trouble with the IRS!!  :o
Life is what is and what will be, not what has gone before...

Aetherial

since I am from a non-treaty country, and I don't like disclosing my personal data to anyone, and they are taking my 30% either way, do I have to fill the form? If they take my money and file it to IRS, what for should I fill in any forms?

goldenangel

Quote from: Aetherial on August 24, 2009, 07:31
since I am from a non-treaty country, and I don't like disclosing my personal data to anyone, and they are taking my 30% either way, do I have to fill the form? If they take my money and file it to IRS, what for should I fill in any forms?
I believe you have to fill the form because SS is required by law to collect this data. They will not take 30% of the earnings but only the part that came from the US buyers. That is, you are being taxed on the income from the US sources only.