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Thread: Money math...anyone good at this? ( has updates about Retirement Plans )

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    Banned Fridays's Avatar
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    Exclamation Money math...anyone good at this? ( has updates about Retirement Plans )

    if we get 30-35 % of what the customers spend and THEN we pay 25 % in taxes...
    how much are we actually getting % wise.. at the end...
    I cant do this math, its too much for me lool
    Last edited by Fridays; 04-15-2012 at 09:59 AM.

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    Veteran Member TM1975's Avatar
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    Default Re: Money math...anyone good at this?

    I can do the math it's simple, but i'm not sure I want to!

    35%-25%=10% *cries*

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    Default Re: Money math...anyone good at this?

    no way... what
    motherfuckerrrrrrrrrrrrrrr lool

    this cant be the math...
    the 25 % is after the 30- 35 %//

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    Veteran Member TM1975's Avatar
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    Default Re: Money math...anyone good at this?

    errr wait ok so math IS NOT that easy when you've only been up for 30 minutes. Let me drink my coffee and think about this.

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    Default Re: Money math...anyone good at this?

    ok hurry ..lol..

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    Default Re: Money math...anyone good at this?

    so 35% of a dollar, is 35 cents and then tax would be 9 more cents right? So 26 cents on the dollar? I am starting back camming today, looks like a need for a price raise has once again been pointed out by you Fridays.....thanks girlie, never looked at it like that...

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    Veteran Member TM1975's Avatar
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    Default Re: Money math...anyone good at this?

    Say we make 35% and our cut is 100 bucks. If you pay 25% of our cut, you would come out with $75.

    So it takes $285 at 35% for us to get a cut of $100.

    Our % after we pay 25% taxes out of $285 would be *about* 26.5%. take 285 and multiply it by .265 and you get 75.525 which is as close as I'm getting it at this time of my morning

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    $100 - 65% = $35
    $35 - 25% = $26.25

    You are getting 26.25% net profit to spend.

    Edited to add: above is the really simplified version.

    Depending on what country you live in, how tax and other similar contributions work, and your tax bracket, you may find you are keeping a higher or lower percentage. Then you have expenses too to factor in. But yeah, 25% is what I put aside on a day to day basis too.
    Last edited by Vlodina; 04-13-2012 at 11:10 AM.

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    Veteran Member TM1975's Avatar
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    Default Re: Money math...anyone good at this?

    I knew I was over complicating it Vlodina Thanks!

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    Default Re: Money math...anyone good at this?

    that's depressing. I hate SM for that reason alone
    35% base cut is so depressing

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    Veteran Member TM1975's Avatar
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    Default Re: Money math...anyone good at this?

    I think I sense Fridays head spinning around like the exorcist trying to make sense of our maths

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    Featured Member Jessica1001's Avatar
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    Default Re: Money math...anyone good at this?

    Vlodina is right... Assuming you are making 35% and then paying 25%, you're actually keeping 26.25% of what the customer spends.

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    Default Re: Money math...anyone good at this?

    Actually, as independent contractors it works out to less than that, because not only do we pay taxes, but also our full share of medicare, ss and that other thing I always forget, that if we had a typical job, our employer would pay half of....
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    Default Re: Money math...anyone good at this?

    Depressed.... now exiting thread

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    Default Re: Money math...anyone good at this?

    I know right lol! But on the bright side...think of all the deductions you can take! Thats what evens things out...and why its a good idea to keep track of *all* expenses. Ive heard of people (general independant contractors, not specifically adult biz related) who claim as much in deductions as what they owe..others work it out to fill out the tax forms, figure out how much they owe, and then add up enough deductions to reduce that amount by half. That all feels a bit shady to me...I just keep track of and deduct everything possible.
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    Default Re: Money math...anyone good at this?

    i feel that im missing something... a % somewhere... ..
    anyway........ so we make more or less 1/4 of ALL monies spent by a customer...
    I wonder how this compares to other real life businesses.......

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    Default Re: Money math...anyone good at this?

    I've worked a pretty well paying "real job" and I come out ahead in camming, even with the taxes due to the deductions I'm allowed and the fact I don't have to buy expensive clothing or pay for transportation or the endless donations they want for parties, birthdays and social crap I could not have cared less about.


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    Quote Originally Posted by BlkSharpie
    I know right lol! But on the bright side...think of all the deductions you can take! Thats what evens things out...and why its a good idea to keep track of *all* expenses. Ive heard of people (general independant contractors, not specifically adult biz related) who claim as much in deductions as what they owe..others work it out to fill out the tax forms, figure out how much they owe, and then add up enough deductions to reduce that amount by half. That all feels a bit shady to me...I just keep track of and deduct everything possible.
    That's similar to what I do. That and I also have a huge credit from going to school and paying the gov back for it



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    Default Re: Money math...anyone good at this?

    22.5%, 26.25%. However, you probably owe more than that unless you have really expensive rent & a lot of allowed deduction $$$.

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    Default Re: Money math...anyone good at this?

    Quote Originally Posted by laurielegs View Post
    I've worked a pretty well paying "real job" and I come out ahead in camming, even with the taxes due to the deductions I'm allowed and the fact I don't have to buy expensive clothing or pay for transportation or the endless donations they want for parties, birthdays and social crap I could not have cared less about.
    This is so true, when working for someone, you cant deduct clothing, getting your hair done and makeup to look professional, gas and mileage, none of that.. these are out of pocket costs for things that you need in order to work. Plus the endless office parties and having to chip in for stuff, and luncheons that came out of my pocket too, and after work drinks that came out of my pocket too. It all adds up....

    Working independently does have its costs, but it also has its tradeoffs...both in time and money.

    ETA: Oh and not to forget, you dont get paid for lunch or the commute to and from work...thats an additional 2-3 hours every work day that you dont get paid for.
    Last edited by BlkSharpie; 04-13-2012 at 12:21 PM.
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    Default Re: Money math...anyone good at this?

    Quote Originally Posted by Fridays View Post
    i feel that im missing something... a % somewhere... ..
    anyway........ so we make more or less 1/4 of ALL monies spent by a customer...
    I wonder how this compares to other real life businesses.......
    Even worse...especially if there is a storefront or any inventory plus of course advertising. The overhead alone is so killer that a lot of people dont even see a profit for months of starting up a business even as a sole proprietor with no employees....up to a year or so if they do have employees or its a co-venture. At least we have that...we see a profit immediately, and the harder we work the more we have in hand right away.

    Thats why the percentage that these companies take out for us to work on their platform is peas..even though it feels like a lot, its really not and we're actually really lucky compared to other business start ups.
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    God/dess justanothercamgirl's Avatar
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    Default Re: Money math...anyone good at this?

    Quote Originally Posted by laurielegs View Post
    I've worked a pretty well paying "real job" and I come out ahead in camming, even with the taxes due to the deductions I'm allowed and the fact I don't have to buy expensive clothing or pay for transportation or the endless donations they want for parties, birthdays and social crap I could not have cared less about.
    This is a really good point that I've never stopped to consider. I know I end up spending a lot less than I used to because I end up going out a lot less.

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    Default Re: Money math...anyone good at this?

    so we make more or less 1/4 of ALL monies spent by a customer...
    I wonder how this compares to other real life businesses.......
    This is a very good question. In essence, camming provides a ( net of taxes ) 22-26% profit margin on total paid sales revenues for US camgirls. In comparison, Yahoo Finance lists the folliwing profit margins for various businesses and industries ...

    Venture Capital ( closed end ) - 81%
    Publishers ( periodicals ) - 53.1%
    Industrial Metals and Minerals ( miners ) - 26%
    Internet Information Providers - 23.8%
    Cigarette Companies - 22.5%
    Brewers ( beer ) - 20.3%
    Semiconductor makers - 17.2%
    Pharmaceutical companies - 16.7%
    Railroads - 15.5%
    Savings & Loan Banks - 13.3%
    Telecom companies - 10.4%
    Oil & Gas companies - 7.9%
    Aerospace companies - 7.2%
    Movie industry - 5.9%
    Textile / Clothing - 5.2%
    Airlines - 0.3%

    Not factored in is the fact that the 'investment' required to enter the camming industry is potentially less than $1000, whereas the 'investment' involved to enter any of these other industries is in the millions ( if not billions ) of dollars !

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    Default Re: Money math...anyone good at this?

    so what are you saying Melonie...
    camming as a business is "good" comparing to other real life businesses?
    I guess thats what these numbers you posted say.....

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    Default Re: Money math...anyone good at this?

    well, compared to the de-facto profit margin of professional ( venture capital ) investors with an inside track, camming sucks. But compared to oil companies ( that the press / gov't are always saying are earning huge profits ), camming pays three times as well. But neither of those requires that the business person ride a dildo for hours at a time while taking 'verbal' abuse from total a$$holes either !


    Also, besides the initial investment point I made previously, I should throw in another factor. What sort of business 'risks' do camgirls face ? The majority of businesses I listed above are subject to lawsuits from dissatisfied customers, from gov't agencies, etc. ( think BP oil spill ). They are also subject to potential losses of their initial investment if the business isn't successful and they are forced to file for bankruptcy ( unless that business got it's initial investment via a gov't loan i.e. Solyndra ). In comparison, the absolute most that a camgirl can 'lose' if unsuccessful is the cost of her camera, costumes, and 'toys'. There is some remote risk that camgirls who don't pay proper attention to internet security can wind up being 'stalked' ... which none of these other businesses have to deal with ( well, with the possible exception of bank / insurance company CEO's )
    Last edited by Melonie; 04-13-2012 at 01:56 PM.

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