Online Business and Taxes
The government has complained that taxes are low because many people are making money online and not paying their taxes and I must say I agree. How many people actually pay their taxes when they sell an item on Ebay.
After all they do not ask for Tax id or SSN, Google’s Adsense however does ask for this information and reports it to the government. Things have a way of catching up with you and if you don’t understand what I mean, check up on Richard Hatch the first Survivor winner. He’s now awaiting sentencing because of tax evation and fraud. He could spend a few years behind bars for taxes on the million dollars he won plus the hundred’s of thousands he made doing radio shows and appearances. No one believed his excuse that he thought Survivor paid the taxes.
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