Do you have to pay income taxes on app money?

DreamLabDreamLab Member Posts: 2,127
edited November -1 in iPhone and Android Publishing
sorry, I am young so I never really worried about this. But If I was to make enough to be a small income, would they put income taxes on it? thanks

Comments

  • bluebyu25bluebyu25 Member Posts: 500
    Yes
  • IsabelleKIsabelleK Member, Sous Chef Posts: 2,807
    It depends on law in your country. But most of developers (even individual) have to pay taxes in their countries.
  • SlickZeroSlickZero Houston, TexasMember, Sous Chef Posts: 2,870
    In the U.S. I think once you earn $7000-9000 a year (not sure which) you have to pay taxes on it. Anything under that, and you are exempt. That's how it was 2 years ago anyway. They change tax laws like babies diapers.
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  • osucowboy18osucowboy18 Member Posts: 1,307
    I know you do in the U.S., it sucks but it keeps the IRS off your back.

    - Alex
  • iTouchGameriTouchGamer Member Posts: 681
    DreamLab said:
    sorry, I am young so I never really worried about this. But If I was to make enough to be a small income, would they put income taxes on it? thanks

    Lol, I just thought of that too! I hope we don't have to.
  • MotherHooseMotherHoose Member Posts: 2,456
    if you earn money...you have to report it to the government... whether you owe/pay taxes depends on how much you make over your allowable deductibles/expenses...

    MH
  • LuckyLurcherLuckyLurcher Member Posts: 343
    LOL, and who says the greek economy is falling apart!
  • CodeCodeCodeCode Member Posts: 200
    Cardinal said:
    Here in Greece no one checks. I have made 17K and I haven't payed anything

    and probably is that one of the reasons the greek economy is falling apart and the rest of the EU was giving greek money.

    I dont think thats a thing to be pride of not to pay taxes
  • tenrdrmertenrdrmer Member, Sous Chef, Senior Sous-Chef Posts: 9,934
    HAHA in the US you are supposed to claim all income. Even Craigslist sales, Ebay, Garage Sales, Etc…

    People don't claim a lot of that stuff because its cash stuff and its not a business. But Apple is going to report the money they pay to you so you would be wise to report your income. Now there are rule for exemptions if your income is under a certain level or you are under a certain age. but you will have to talk to a tax professional to find out what is legal and What is not.
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