Author Topic: SS tax from this month (Read 14053 times)

Peter · « **on:** August 04, 2009, 04:50 »

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.

But anyway, prices are going lower and lower...

borg · « **Reply #1 on:** August 04, 2009, 06:57 »

Quote from: Peter on August 04, 2009, 04:50

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.

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 · « **Reply #2 on:** August 04, 2009, 07:52 »

borg · « **Reply #3 on:** August 04, 2009, 08:23 »

Quote from: Peter on August 04, 2009, 07:52

5.5%

Wow!
Woooooow!

That is nothing...

Someone mentions that average is about 26 %

Excellent, long live SS!!

Thanks Peter

Suljo · « **Reply #4 on:** August 04, 2009, 09:21 »

5,9% at my side

shiyali · « **Reply #5 on:** August 04, 2009, 09:32 »

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

hoi ha · « **Reply #6 on:** August 11, 2009, 04:17 »

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?

Noodles · « **Reply #7 on:** August 11, 2009, 05:27 »

Quote from: hoi ha on August 11, 2009, 04:17

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 · « **Reply #8 on:** August 11, 2009, 06:24 »

Quote from: Noodles on August 11, 2009, 05:27

Quote from: hoi ha on August 11, 2009, 04:17
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 · « **Reply #9 on:** August 11, 2009, 06:52 »

Quote from: hoi ha on August 11, 2009, 06:24

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

hoi ha · « **Reply #10 on:** August 11, 2009, 08:00 »

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 · « **Reply #11 on:** August 20, 2009, 22:01 »

Just 3.017% here... Glad to see SS is waaaaaay big outside the US!

fotografer · « **Reply #12 on:** August 21, 2009, 01:33 »

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.

Adeptris · « **Reply #13 on:** August 21, 2009, 01:50 »

Quote from: fotografer on August 21, 2009, 01:33

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 · « **Reply #14 on:** August 21, 2009, 01:58 »

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.

Quote from: Adeptris on August 21, 2009, 01:50

Quote from: fotografer on August 21, 2009, 01:33
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 · « **Reply #15 on:** August 21, 2009, 02:45 »

Quote from: fotografer on August 21, 2009, 01:58

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 · « **Reply #16 on:** August 21, 2009, 03:09 »

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

HermanM · « **Reply #17 on:** August 21, 2009, 17:00 »

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.

Freezingpictures · « **Reply #18 on:** August 22, 2009, 01:51 »

Quote from: HermanM on August 21, 2009, 17:00

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 · « **Reply #19 on:** August 22, 2009, 07:14 »

Am I correct in thinking that this applies only to Non-US residents?

HermanM · « **Reply #20 on:** August 22, 2009, 22:58 »

Quote from: Freezingpictures on August 22, 2009, 01:51

Quote from: HermanM on August 21, 2009, 17:00
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.

goldenangel · « **Reply #21 on:** August 23, 2009, 03:40 »

Quote from: elvinstar on August 22, 2009, 07:14

Am I correct in thinking that this applies only to Non-US residents?

Yes.

elvinstar · « **Reply #22 on:** August 23, 2009, 13:05 »

Thanks goldenangel! I was worried that I was going to get in trouble with the IRS!!

Aetherial · « **Reply #23 on:** August 24, 2009, 01:31 »

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?

goldenangel · « **Reply #24 on:** August 24, 2009, 01:59 »

Quote from: Aetherial on August 24, 2009, 01:31

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.

Aetherial · « **Reply #25 on:** August 25, 2009, 06:47 »

yes, I know they retain 30% of US sales, that's not the question. the question is, if they take it anyway why provide them with my personal data? if I don't fill any form and my US tax is retained and I am not a US citizen, am I breaking any US laws? I would like to travel there one day (not to be restricted because of some bizzare burecratic mumbo jumbo of shutterstock/IRS that I know nothing of), but I am reluctant to give my personal data to a goverment of a country that is not my country and what is not my goverment.

goldenangel · « **Reply #26 on:** August 25, 2009, 11:16 »

I don't believe you will have any trouble with US tax authorities when traveling to the US. However, SS is deducting taxes from you and they have to justify it. That is why they are asking for your information so they can put it in their claims. In other words, you can only have trouble with SS, not IRS (US tax authority).

Dreamframer · « **Reply #27 on:** September 01, 2009, 16:27 »

I guess I had luck. I paid TAX only $2,5

borg · « **Reply #28 on:** September 02, 2009, 02:28 »

I paid 4,1 % from my earnings... Not bad, nod bad!

Bateleur · « **Reply #29 on:** September 02, 2009, 11:34 »

They took 3.6% from me. Much less than I thought, but still too much.

Why . should I pay taxes to the US, a country I have never ever had anything to do with, apart from using Shutterstock?

I don't pay taxes to the UK, Canada, Norway, all other countries where I sell images.

Suljo · « **Reply #30 on:** September 02, 2009, 15:55 »

Ups this month 8.48% last month 5.8%

Peter · « **Reply #31 on:** October 02, 2009, 01:50 »

September - 15% tax

fotorob · « **Reply #32 on:** October 02, 2009, 02:35 »

Where do you see these tax percentages or numbers at Shutterstock?

Thanks,
Robert

corepics · « **Reply #33 on:** October 02, 2009, 03:38 »

Quote from: fotorob on October 02, 2009, 02:35

Where do you see these tax percentages or numbers at Shutterstock?

Thanks,
Robert

On the main page, look under "payment history"

Perry · « **Reply #34 on:** October 02, 2009, 04:49 »

I live in a country with tax treaty, and I filled the form online. But where can I see my tax status? I haven't got any confirmation either way after filling the form. I would like to be sure before next payment.

corepics · « **Reply #35 on:** October 02, 2009, 05:25 »

Quote from: Perry on October 02, 2009, 04:49

I live in a country with tax treaty, and I filled the form online. But where can I see my tax status? I haven't got any confirmation either way after filling the form. I would like to be sure before next payment.

If your tax form is rejected, you're notified via email, and the notification on the main page remains visible. As soon as it's accepted, the notification disappears. I agree, an email informing the tax form is accepted would've been nice.

I filled in the form, got it rejected the first time, filled it in again, and the message disappeared. SS didn't withhold anything for the IRS from my recent payment.

So, if you don't see the notification on the main page, you should be fine. If you want to be sure, SS tax-center have been extremely helpful, and they've responded the same business day, so you could send them an email.

Peiling · « **Reply #36 on:** November 01, 2009, 07:34 »

I did not get my money and they send me a form W8BEN tax form. My country is not a treaty country so i thgt i did not have to fill in the form. Does this mean that if I don't fill the form, I wont ever get my money from Shutterstock??? Sigh...

vonkara · « **Reply #37 on:** November 02, 2009, 08:49 »

Can someone tell me why SS want me to SUBMIT my W-8

tax form. I am canadian, I don't know what is a W-8 tax form and seriously, I don't care about W-8 tax form. lol, thanks for any help

litifeta · « **Reply #38 on:** November 03, 2009, 17:43 »

I have hung off from sending in the form. I still dispute the requirement since most countries have a taxation agreement with the USA. You pay tax in your home country. It seems to me what is happening is an odd sales tax situation.

But it looks like there is no point, and I will have to sign the form. I just think it sucks, because now there will be a post on my Australian Taxation file and I will have to go through all the crap dealing with them over the $3000 I earn each year from stock.

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Author Topic: SS tax from this month (Read 14053 times)

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