Question about taxes

[BOAISSO]

Ok im 16 and am just getting into ppc and have a question...

say i spend 40$ on ads and make 60$... do i pay the taxes on the 60$ or the difference $20... is the 40$ like a deductable or w/e.. thanks!

 

[productionhead]

Please review the Internal Revenue Sevice Code for further information.

US CODE: Title 26,TITLE 26—INTERNAL REVENUE CODE

Please read and understand what is defined as TAXABLE INCOME:
US CODE: Title 26,63. Taxable income defined

I expect a 12 page report, double spaced, no alien fonts, on my desk tomorrow morning.

 

[Dr_Ngo]

Ok im 16 and am just getting into ppc and have a question...

say i spend 40$ on ads and make 60$... do i pay the taxes on the 60$ or the difference $20... is the 40$ like a deductable or w/e.. thanks!

You pay $ on profit. The $40 you deduct as advertising expenses.

 

[Joshua V]

Also, if you make below a certain amount annually, you don't have to pay any taxes.

Not sure what that % is in the US, but its definitely worth looking into if you're just starting out.

 

[DreamMachine]

It's tax on net profit. In your example, you would pay tax on the $20.

 

[Bofu2U]

Also, if you make below a certain amount annually, you don't have to pay any taxes.

Not sure what that % is in the US, but its definitely worth looking into if you're just starting out.

Here in MD it's around 9500.