Do we have to pay tax for earning in mylot?

Yes, that's true but in USA, any side income won't be reported to IRS if it's not over $600. Most companies don't report it unless your income was over $600. I'm not advocating to be dishonest. I'm just giving you a realistic situation...if you're doing 10 programs online for extra money and you never made more than $600 per company, would the average Joe keep track of all that income? Probably not, therefore he wouldn't have accurate number to put on taxes. Since it wasn't reported to IRS, no one "knows" Joe was paid. I'm not advocating to be dishonest, BUT, I assume that the average Joe WOULD NOT report on taxes unless he got forums in the mail advising that it got reported to IRS.

I certainly get what you are saying. I'm not sure what active members of MyLot make, though there are other sites where people might make more than $600 per year.

No...My friend, you can't do that because this is not a matter of business affairs. Mylot do everything and do not have to worry on that particular concern. If your regularly pay your taxes you can include it in your income as well but if you can't include it no one will force you to do so...

I see. So it's depend on the government in my country. I was confused before twhen I heard that I have to pay tax to the country where I earn and to the country where I am belong.

I see. So, paying tax is like volunteer. Free will to pay.

You pay the taxes to your OWN country, the country where you are resident, regardless of which country is paying you. I am in Italy. I hae a full-time offline job, I also do some occasional work such as translating and interpreting and I earn online. At the end of my tax year ALL these earnings are pooled together and I pay tax on the total. During the year I pay taxes on my wages from my offline job each month but if, and ONLY if, the total amount adds to up to a lot, I have to pay an extra amount too. These are the laws here. Each country is different.

Oh? So you also pay the tax for the earning from mylot?

To whom did you pay the tax? The UK government or US or both?

That is right. You gave good answer for USA. However, the poster was talking from Thailand, I would have no idea. You're supposed to report all non-taxed income, BUT a big EXPECTION is, if the money totals under $600 then the company isn't reported it to IRS in USA. No one knows that you were paid. If you didn't keep a running total of each of your online income it would be hard to put it on your taxes. Most people I know don't bother reporting it UNLESS companies sent them tax form that they reported it to IRS. I highly doubt that IRS would be going after someone for not paying $60 or so on taxes.

I was ignorant too, and still am about many things. None of us are born with knowledge of anything I saw your comment on a previous response. You should see what the laws are in your country but I guess that for a few months you need not worry about this matter. Just think about having fun and posting here and then when the payments start arriving you can follow up about such matters Thank you for the BR and I am happy to have been able to help.

Thank you so much mysdianati. You've been helping us out from ignorance.

There are MANY Lotters who do the tasks. One task a day at $4 adds up to $120 a month. Some do more than that amount. I doubt if beggars make that sort of money

I think beggers on the street earn more than we do here. i wonder if they are paying taxes.

AH!! so the beggers are the Tax evaders! LoL

Those doing the writing tasks reach high amounts sooner than those who only stick to the discussions Do you remember this last year? : http://www.mylot.com/w/discussions/2067952.aspx

cheers lamb here in uk we have to declare everything can't talk for other countries. But in uk we have to disclose everything and show that the income is below our tax code.

Hmmm I agree about paying tax when there's an earning income.

Which government should I declare to? my country or the US.?

Your country is the only country you have to report to.

For example: I'm in the USA, I made $100 at Mylot one year, but I spent $30 x 12 = 360$ on my internet service and I spend about 1/3 of my time online trying to make money. So $120 of my dollars went to make $100, so I operated at a loss and here, when you operate at a loss, it can be a deduction. But that depends on where you are and I see you aren't from the USA. I would find someone who knows about taxes in your country, just like I had to find someone who knows about them in mine.

Oh, I see. Thank you so much for your advise writersedge. Hmmm so mylot is findable.

If you complete one writing task worth $4 every day that will add up to $120 in one month. In one year that will be well over the minimum amount at which you are liable to pay taxes in many countries. You should check your local tax laws to be certain of the minimum amount.

I see. But in my country, there's no certain thing to assure me that I won't get the notice that's why I am curious. hehe

I see... so there's no any evidence for earning in mylot?

It is like anywhere most of the taxes you pay in a year one gets back at the end....they take that tax money that you pay each paycheck and draw interest on it .. the only taxes you do not recover at the end is mostly what you pay in to the local and medicare the rest is mostly recoverable.....

internet tax? is it the internet payment? or there's really tax of internet?

everyone should check into what they have to pay, most areas that have an income tax system has to report earnings, here in the sataes we have to report anything over $800 per year as income, so check before you listen to people who tell you not to pay taxes. I don't like taxes either but if I dont pay they can impose interest on what you owe and then would pay three times more then I earn or more.

but would that be as your income as a whole being over 600 from all sources or just per source?

I think you should read the link from "msydianati" the comment above. I'm still confused a little bit but it seems we really have to pay the tax.

if any of the tax agencies ask mylot or any other earning site for a list of monies earned by its members mylot is obliged by law to give that information so better safe than sorry declare your earnings it most prob won't be over the tax threshold but if your above board then you have nothing to worry about even in 20 years, same as paypal they have to give information regards to earnings there was an instance few years ago with e-bay and paypal the uk tax office got a list of e-bay of people who were selling so many items a week and also got information off paypal and there was a few high profile cases in many of the national papers of e-bay sellers being caught not paying tax and then the tax authorities hammered them. The only 2 people in the world everyone needs to be scared of is the tax man and the vat man.

It pays to read previous responses before posting your own If you do a writing task here, worth $4, every day for a month you would earn $120. Multiply that by 12 months and.... Take a look here at what myLot informed us last year when several Lotters had exceeded a certain amount in their earnings. : http://www.mylot.com/w/discussions/2067952.aspx

But that's the service fee from paypal. Isn't it different from the tax from government?

Ok thank you. You too, have a great day.

Ok i'll check it out. Thank you for very nice information.

That's what I used to think until I heard the story that's why I'm confused if we have to pay the tax for earning in mylot. I don't want to get fine for the income accumulated in mylot then bang! a big amount tax. I think, mylot website will be popular one day and it'll be a stable website that will also stay like this for many many years after. The mylot population is increasing everyday.

So it is the power of currency LoL

I see so the threshhold is the standard of paying tax. Then I have to check the threshhold fisrt. Thank you so much dorannmwin. It's really very good information.

Hmmm so it is something like the sum of income(from every sources) and then calculate the tax on the total amount we earn, isn't it? I thought there are differnt percentages to for calculating for diffrent kinds of businesses.