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Thread: Anything that doesn't screw you with taxes..?

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    Veteran Member Neonsugar's Avatar
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    Default Anything that doesn't screw you with taxes..?

    Dumb question I recently quit streammate after I found out you have to basically pay back 25% of everything you make to taxes...I also used to do porn and got screwed over with taxes for that too...is there any sex industry job which won't screw me over with taxes?): thanks so much ladies

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    Default Re: Anything that doesn't screw you with taxes..?

    Well, any self-employment job like that will suck because of taxes. Just remember that and price yourself accordingly! That's what I do. My tax return kinda sucked ass this year because of that (I also have a part time job though so that's why I even have a return) but hey, it's money!
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    Default Re: Anything that doesn't screw you with taxes..?

    I really don't now of anything. Honestly taxes have to be paid regardless, whether your working porn or vanilla. It's vanilla jobs, when you sign all that tax info it automatically takes out your taxes, so you don't see the money when you get the check, cause its already taken care of for you. Working like this in the porn industry, especially with camming(or working independently or entrepreneur, ANYTHING on your own), you just have to be responsible. I plan to set aside 25% of all my earnings to pay my taxes during tax season, why? Cause it's the law. As far as I know, theres no job unless its some kind of under the counter work with no paper trail AT ALL, you can't really get away too much without paying some kind of taxes. Especially if you make a living off of it.

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    Default Re: Anything that doesn't screw you with taxes..?

    I am a little confused here... If put away 25-30% of what you make for taxes then what's there to screw you over? Instead of looking at it as you HAVE to pay taxes, see it as you GET to pay taxes because you're blessed to be making money. #blessed #thankful
    Quote Originally Posted by ~Carmen~ View Post
    I can see you being 90 and flipping your long hair, still teasing the boys.




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    Default Re: Anything that doesn't screw you with taxes..?

    Camming/porn is not "screwing you over" with taxes, it's paying for the roads, law enforcement, military protection, etc that you enjoy every day, and while it sucks it's a part of living in society. No one is thrilled about paying taxes but it's what adults do... the only difference with camming/porn is that taxes aren't withheld by an employer, so instead of working for $100 and receiving $70 or w/e you receive $100 and pay the IRS $30 yourself.

    Unless you want to spend time in prison you're probably going to have to pay SOMETHING in taxes... lots of strippers and escorts (and other people in cash-based businesses) under-report (say that they make less than they do, so it's a percentage of $30k instead of $80k or whatever) but that's a fast way to draw attention to illegal businesses and if you get audited you're fucked.

    Honestly my advice would be to just get really good at doing your taxes, i.e. figure out how to pay the least taxes that you legally can. Or if you can't do that move somewhere with a lower tax rate. You might want to ask this in Dollar Den.

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    Default Re: Anything that doesn't screw you with taxes..?

    That is one of the difficulties of the sex industry.

    Sure, technically you're paying a similar amount of money in taxes that you would be in a straight job, depending on your tax bracket (though without the benefits of paid-time off, sick leave, 401k matching, insurance, advancement opportunities, etc.). BUT, in most jobs, you can work until you're 65+ years old. Because your window of earnings is shorter in this industry (for most women), if you don't have a post-dancing backup plan and aren't earning enough to do some serious saving (especially a retirement fund), you should be concerned. If you hit 40 years old and your earnings plummet, you may end up having to start over in a new vanilla career (low earnings to start) or take a low-paying job (e.g. waitress, receptionist) to make ends meet.

    This isn't an anti-sex work post. I'm just pointing out one of the potential pitfalls of this industry. To paraphrase Melonie: if you're going to be a career dancer / camgirl, you need to optimize your earnings now and invest / save wisely so that if and when your earnings start to decline, you have options available to you (i.e. the savings to go back to school, the retirement fund to retire early, etc.). And that's assuming you don't run into any major health issues that prevent you from working in this appearance-focused industry in the next 10+ years (e.g. unexpected broken bone or illness).

    Everyone in this industry should have a backup plan!

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    Default Re: Anything that doesn't screw you with taxes..?

    You're not being screwed over for working in the sex industry, it's just self employment taxes. All self employed people have to pay them. I have to pay them for the money I make as a freelance writer too.

    Yes, it sucks but that's one of the downsides of being your own boss.

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    Default Re: Anything that doesn't screw you with taxes..?

    I hope you've never attended a public school, driven on a public road, visited a public library, expected a police officer or firefighter to keep you safe, expected the US military to defend our country, used public assistance such as food stamps or public health care, ETC. ETC. ETC. ETC. ETC. ETC. ETC. ETC. ETC. ETC.

    I mean seriously? Sorry that you feel you are being "screwed" by paying taxes. People and posts like this just baffle me.... like have you been living in reality for any portion of your teenage and adult life?

    Shit doesn't just pay for itself. All these things you enjoy on a daily basis as part of your daily life, that you likely are completely unaware are paid for by tax payers, don't just come out of no where. Someone has to actually pay for it. That would be you - or us - the tax payers. Welcome to the United States.
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    Default Re: Anything that doesn't screw you with taxes..?

    YEEEEEEEEEEEEEEEEEEEEEEES! Let those whoremones out girl


    Quote Originally Posted by SarahTime View Post
    I hope you've never attended a public school, driven on a public road, visited a public library, expected a police officer or firefighter to keep you safe, expected the US military to defend our country, used public assistance such as food stamps or public health care, ETC. ETC. ETC. ETC. ETC. ETC. ETC. ETC. ETC. ETC.

    I mean seriously? Sorry that you feel you are being "screwed" by paying taxes. People and posts like this just baffle me.... like have you been living in reality for any portion of your teenage and adult life?

    Shit doesn't just pay for itself. All these things you enjoy on a daily basis as part of your daily life, that you likely are completely unaware are paid for by tax payers, don't just come out of no where. Someone has to actually pay for it. That would you be you - or us - the tax payers. Welcome to the United States.
    Quote Originally Posted by ~Carmen~ View Post
    I can see you being 90 and flipping your long hair, still teasing the boys.



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    Default Re: Anything that doesn't screw you with taxes..?

    Quote Originally Posted by Marina Starr View Post
    YEEEEEEEEEEEEEEEEEEEEEEES! Let those whoremones out girl
    LOL I know right? I mean I don't exactly like paying taxes but I like you know, roads and shit.... lol
    xoxo ~ Sarah




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    Default Re: Anything that doesn't screw you with taxes..?

    This thread is getting a little feistier than it needs to be.

    I think we all know that taxes are important, but it still sucks to have to pay them when it comes down to handing the money over, right? It's just not fun. And for the many sex workers who don't have much money in the bank, it's extremely hard to see money come in that will only have to go back out. It's much tougher than having the taxes taken out of a steady paycheck!

    I see everyone's points, but let's move on from judging.

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    Default Re: Anything that doesn't screw you with taxes..?

    I feel maybe the OP can be more clear on what exactly being 'screwed over with taxes' really is? We're all just trying to let her know that tax is like rain, it's inevitable but if you get to pay your taxes then you are blessed. I don't think it was anyone's intension to bite her head off. Though it's the beginning of the month so my flow is heavy...
    Quote Originally Posted by charlie61 View Post
    This thread is getting a little feistier than it needs to be.

    I think we all know that taxes are important, but it still sucks to have to pay them when it comes down to handing the money over, right? It's just not fun. And for the many sex workers who don't have much money in the bank, it's extremely hard to see money come in that will only have to go back out. It's much tougher than having the taxes taken out of a steady paycheck!

    I see everyone's points, but let's move on from judging.
    Quote Originally Posted by ~Carmen~ View Post
    I can see you being 90 and flipping your long hair, still teasing the boys.



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    Default Re: Anything that doesn't screw you with taxes..?

    No listen, you need to save for taxes each paycheck otherwise, yah u may be screwed when its all due. Luckily I started saving around November ( still VERY late) but im gunna make it. I wont have to do extension or any bullshit like that. I have been working harder per week since JAN. Ive learned my lesson.
    Thats what comes with Self Employment

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    Default Re: Anything that doesn't screw you with taxes..?

    idk.. but when i first read it i guess i felt some kind of way.. ive heard these type of conversations before and ususally (not saying its the op) the ones making points like this are the ones that feel in a way they shouldnt have to pay taxes. ex since its not a paycheck essentially they dont have to report everything or any of their income from camming or stripping/ any cash based self employment business. at the same time... the post was vague so exactly what part she feels she getting screwed over we dont know..
    still here.... just in another chapter..

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    Default Re: Anything that doesn't screw you with taxes..?

    I know I can relate to the OP. To quote myself in a different thread...

    "Until you've paid taxes as an IC (30+%) and earned your money by enduring people at their worst, coming home with bruised / bloody knees every night, going through sexual dysfunction as a result of people pawing at you constantly, having society disdain you for what you do, and then having to pay 100% of your own health insurance...you really don't understand how mentally difficult it is to pay taxes on stripper money! "

    I'm not threadjacking. Just giving a bit of empathy to the OP. I commend those of you who have a positive attitude about paying your taxes. Rock on!

    ...back to the topic at hand. No, neonsugar, there are no sex-industry jobs that don't take the typical amount of taxes.

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    Default Re: Anything that doesn't screw you with taxes..?

    I myself haven't made enough to actually take a hit with taxes... yet! But to prepare for the "hit" I think I'll get this year I had hubby increase his amount of taxes being taken out of his checks. He claims single status with 0 dependents plus an extra $50/week. I have 4 kiddos to write off too. Owing taxes is such a bitter-sweet thing.

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    Default Re: Anything that doesn't screw you with taxes..?

    Bottom line there is no job self-employed, adult or vanilla where you do not have to pay taxes. As to not getting 401k etc. there are 401k etc for self-employed people and anyone who is going to be self-employed adult or otherwise needs to educate themselves about their options. We have the capability to retire in a better position than people who are not self-employed, if we play our cards right.

    Yes, sometimes shit will happen that is beyond your control, and sometimes it may be a battle to keep your head above water, but most of us are in this business because we saw the potential to make more than we could at straight jobs. So it's up to us make the most of it, part of that is learning to be financially educated women, who know about our money. If you are going to be self-employed in or out of adult from this point forward make it your business to learn all of the financial ramifications of each and every choice you make. You'll feel much better.

    In the end if you feel like what you make and for what you do isn't worth it after taxes, then it's time to try something new. If I need to make for example 1500/week to feel this work is worth it then I need to bring home 2k well actually more if I plan to save and invest. The cash in your hand is never yours until you have paid Uncle Sam and invested in your future.
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    Default Re: Anything that doesn't screw you with taxes..?

    First of all, Income taxes go straight to the US treasury to pay the Federal Reserve.. .. all the other taxes you pay such as sales tax, property tax (especially pays for the roads and the schools, the bus system) so you guys are incorrect where that comes into play.
    Now, you need to get as many things to deduct as possible, such as a mortgage, health insurance premiums, HSA.. IRA.. SEP IRA.. etc.. don't think of it as paying all these taxes.. brain storm about the deductions you can qualify for.. put your ducks in a row. I just started having to pay taxes last year because my kids are older now.. and my oldest was NOT going to college full-time last year so I fixed that problem...LOL... so hopefully I won't owe much next year. I do not pay 25-30% but everyone's situation is different. Also you can start another business and deduct expenses from that as well which helps your bottom tax dollar line..LOL... I have 2 self employment businesses also. Also if you are starting a new business you are allowed to claim a loss 3 yrs out of 5 .. anymore than that you will raise suspicion that you are really not trying to make money and it is just a hobby.
    AND!.. I am hoping I will be able to purchase an investment property this year that will help with not paying taxes.. You gotta play the game..

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    Default Re: Anything that doesn't screw you with taxes..?

    I totally AGREE with you.... it sucks when you work in the sex industry moreso than a vanilla job and then have to go and pay taxes on top of that.. It's like being fucked in the ass TWICE.

    Quote Originally Posted by charlie61 View Post
    I know I can relate to the OP. To quote myself in a different thread...

    "Until you've paid taxes as an IC (30+%) and earned your money by enduring people at their worst, coming home with bruised / bloody knees every night, going through sexual dysfunction as a result of people pawing at you constantly, having society disdain you for what you do, and then having to pay 100% of your own health insurance...you really don't understand how mentally difficult it is to pay taxes on stripper money! "

    I'm not threadjacking. Just giving a bit of empathy to the OP. I commend those of you who have a positive attitude about paying your taxes. Rock on!

    ...back to the topic at hand. No, neonsugar, there are no sex-industry jobs that don't take the typical amount of taxes.

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    Default Re: Anything that doesn't screw you with taxes..?

    My accountant advised me to save out 33%. I'm saving 35% just to have a bit of a return.

    She also advised me to save all the receipts for everything related to caming. That takes off a lot at the end of the year. You can also write off all the mileage it takes to go purchase items. For example the nearest computer store is about 70 miles each way so I get to write off 140 miles at $.55 a mile. The mileage adds up really quickly. The really convenient thing about this line of work is that you can write off tons of ridiculous things off your taxes.

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    Default Re: Anything that doesn't screw you with taxes..?

    On the topic of write-offs...remember that you don't get the money back from write-offs. You just don't have to pay taxes on the money that you spent. Which is partially why the IRS is a bit lenient when it comes to write-offs (emphasis on a bit - this depends on the industry).

    So if you were to buy a webcam and write that off, you'd still pay $100 of your own money for the product, and you would never get that money back. At the end of the year, write-offs make you feel as if you're getting money back since your taxes-owed amount decreases a bit after each write-off, but that's not actually what's happening.

    Lots of people are confused about how write-offs work, so I just wanted to clear that up.

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    Default Re: Anything that doesn't screw you with taxes..?

    Yes. So that $100 webcam will probably save you $10-35 off your taxes in the end depending on your tax bracket. The key is to get your income down low enough with write offs so that you are in a lower tax bracket and your taxes at a lower percent, or to where you are low enough to qualify for tax credits and you don't owe.
    Quote Originally Posted by charlie61 View Post
    On the topic of write-offs...remember that you don't get the money back from write-offs. You just don't have to pay taxes on the money that you spent. Which is partially why the IRS is a bit lenient when it comes to write-offs (emphasis on a bit - this depends on the industry).

    So if you were to buy a webcam and write that off, you'd still pay $100 of your own money for the product, and you would never get that money back. At the end of the year, write-offs make you feel as if you're getting money back since your taxes-owed amount decreases a bit after each write-off, but that's not actually what's happening.

    Lots of people are confused about how write-offs work, so I just wanted to clear that up.

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    Default Re: Anything that doesn't screw you with taxes..?

    Bottom line there is no job self-employed, adult or vanilla where you do not have to pay taxes
    ... well, that's not exactly true !

    Since I moved 'way south of the border', the IRS legally allows me to pay ZERO US taxes on my camming income as long as I don't 'visit' the USA for more than 30 days per year ( and don't earn more than $106,000 per year ). Additionally, since my webcam hosts aren't located within my 'adopted' country, they consider my camming income to be 'foreign' income and don't levee a tax either ! Same holds true regarding ZERO US and 'adopted' country taxes on my passive investment income as long as my bank / brokerage accounts aren't US based.

    Of course, living down here 'way south of the border' I do have to put up with a few inconveniences ... like the rent price on an entire house being $600 per month, like having to walk an entire 500 feet to reach a Caribbean beach, like having well-heeled vacationing gentlemen invite me for dinner / drinks / cruises / scuba diving, etc.

    In the way of general comments on US taxes, for a fact serious dancers and camgirls and other 'top 25% earning' Americans ( > $61k per year income level ) now wind up paying 87% of all US income taxes. see . And for a fact the 'bottom 50% earning Americans ( < $33k per year income level ) generally pay no net income tax. As to Social Security taxes, all 'independent contractor' US dancers and camgirls wind up paying 15.3% of their earnings into a system which offers absolutely no guarantees will still exist by the time they reach the legal age to start getting some of their money back.

    I'll refrain from further comment.


    all the other taxes you pay such as sales tax, property tax (especially pays for the roads and the schools, the bus system) so you guys are incorrect where that comes into play.
    Indeed, to be technically accurate ...

    - roads and bridges are primarily paid for via dedicated taxes on gasoline / diesel fuel and, where applicable, tolls

    - local schools, police, emergency services etc. are primarily paid for via either state income taxes, local sales taxes, or local property taxes

    - federal income taxes + Social Security taxes wind up being spent on the following ...





    I would add that 'other mandatory' includes budget items like retirement benefits for gov't workers, other gov't benefits programs, etc. - which are considered 'mandatory' since spending cannot be immediately reduced at the discretion of US lawmakers.
    Last edited by Melonie; 04-05-2014 at 09:34 AM.

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    Default Re: Anything that doesn't screw you with taxes..?

    ^^ Wow your life is so rough Melonie.. I don't think I would survive such a heinous lifestyle...LOL

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    Default Re: Anything that doesn't screw you with taxes..?

    Quote Originally Posted by Melonie View Post
    ... well, that's not exactly true !

    Since I moved 'way south of the border', the IRS legally allows me to pay ZERO US taxes on my camming income as long as I don't 'visit' the USA for more than 30 days per year ( and don't earn more than $106,000 per year ). Additionally, since my webcam hosts aren't located within my 'adopted' country, they consider my camming income to be 'foreign' income and don't levee a tax either ! Same holds true regarding ZERO US and 'adopted' country taxes on my passive investment income as long as my bank / brokerage accounts aren't US based.

    Of course, living down here 'way south of the border' I do have to put up with a few inconveniences ... like the rent price on an entire house being $600 per month, like having to walk an entire 500 feet to reach a Caribbean beach, like having well-heeled vacationing gentlemen invite me for dinner / drinks / cruises / scuba diving, etc.

    In the way of general comments on US taxes, for a fact serious dancers and camgirls and other 'top 25% earning' Americans ( > $61k per year income level ) now wind up paying 87% of all US income taxes. see . And for a fact the 'bottom 50% earning Americans ( < $33k per year income level ) generally pay no net income tax. As to Social Security taxes, all 'independent contractor' US dancers and camgirls wind up paying 15.3% of their earnings into a system which offers absolutely no guarantees will still exist by the time they reach the legal age to start getting some of their money back.

    I'll refrain from further comment.




    Indeed, to be technically accurate ...

    - roads and bridges are primarily paid for via dedicated taxes on gasoline / diesel fuel and, where applicable, tolls

    - local schools, police, emergency services etc. are primarily paid for via either state income taxes, local sales taxes, or local property taxes

    - federal income taxes + Social Security taxes wind up being spent on the following ...





    I would add that 'other mandatory' includes budget items like retirement benefits for gov't workers, other gov't benefits programs, etc. - which are considered 'mandatory' since spending cannot be immediately reduced at the discretion of US lawmakers.








    THANK YOU very very much for breaking this down!! YOU are appreciated!! Also I usually don't ask questions anymore on here because it's always the same few with a major attitude problem who half the time don't even know what they are talking about. I will ALWAYS look for your post because you offer some major knowledge and I love to learn. Thank you once again!!!!!

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