damn, 37%..HA! thats insane. Its like 4~5% here. As for income tax purposes, it really depends on what state you live in, a few don't have state income tax, like Texas, feds still want their cut. Most conventions require a state tax license, I am pretty sure California was only 7%, maybe 9% to sell at FC. In the current state I live in I have to do monthly tax reports, and pay quarterly, coarse I am doing more then just private commissions....But I do wonder that myself...
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timeasmymeasure
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Date: 2010-08-16 06:38 pm (UTC)As for income tax purposes, it really depends on what state you live in, a few don't have state income tax, like Texas, feds still want their cut. Most conventions require a state tax license, I am pretty sure California was only 7%, maybe 9% to sell at FC. In the current state I live in I have to do monthly tax reports, and pay quarterly, coarse I am doing more then just private commissions....But I do wonder that myself...