Would you ever consider this?

Hi AidaLilly and welcome to my lot. I have been working online for years and never been taxed on the little money I earn. The main site I play and work on is my lot. So I don't make enough money on here to be taxed on it......LOL I will leave the money I make in the bank it is disability and SSI so I don't have taxes to pay on the little check I get. If I was you I wouldn't worry about it and let the little money you will make from this site sit till you need it.

There is really no foolproof way with cheating your taxes. The government has their ways of finding these things out. And that is not with the lack of trying from some people. Of course, if you've thought about it, chances are the tax place has thought of it as well. They have to think of these things after all, if they showed any kind of competence. I think that they're not going to go as hard after the small fish as they are going to go after the people who cheat them out of a lot of money. They might smack you rather hard on the wrist, but the government will go after people who cheat them out of a lot more and they have figured out all of the ways. Then again, one could argue that the government are the real cheats, pocketing a lot of that money on the side, instead of using it for its intended purpose, but that is another debate for another time.

Its common knowledge that more than 2 Trillion dollars is owed to the US Government in unpaid taxes, mostly in undeclared income. Everybody knows America is broke, and going broker. Do you really enjoy living in a country that is going down the tubes? This once great Country is suffering from the greed of its leaders, as well the greed of those who hide their income. Please realize that all Americans must bite the bullet if America is to survive!

My Country already charges too much and too high taxes. I pay 27,5% on everything i earn .. and still i get paid the taxes embedded in everything i buy. I find it strange that the government also wants to tax the paypal'balance. The balance is not always " income". paypal balance may be just a way to pay on line.

Pay pal earnings will be reported to the user's addressee. Online earners from the Philippines using pay pal will have their earnings reported to the Philippine government for taxation purposes. Did I understand you right? I will have no objection on this setup if the government takes a share in the upkeep of the computer and the footing of the monthly internet bills.

Hi Taxes are part of our lives so we have to used in these.Of course most of people find this no very pleasant. In my opinion keeping large amounts in home is risky not only in case of theft but also in case of some accident for ex. fire so it is better to keep small amounts at home for emergency reasons and to keep the rest at banks.

But if you cash out from paypal to your bank account, for example, every time you reach 250 dollars or 250 dollars every time; you don't have to pay taxes I think, this is too small amount of money for paying taxes. so you don't have to cheat the system, and still get it on.

Keeping large amounts of cash in your home is a bad idea for several reasons. First is inflation. Money sitting in a jar looses it's value to inflation. At least in a bank, you do get a return. In addition, if one learns how to invest properly, one can make money. Next, there is the issue of fire. Though your cash might not be stored in a flamable container, house fires can rage really hot. Your money could burn up inside your container. Then there is the problem of theft. Word gets out you are holding cash and you might have some unwanted guests. Finally saving taxes, no one likes to pay taxes.On the other hand, governments need money to operate. They will get the money they need somehow. If you cheat on your taxes now, they will just figure out other ways to get it. It's easier to just pay your taxes than having to watch over your shoulder for them coming to get you. There are honest ways to make tax free money--Roth Iras and municipal bonds.

You are talking of online work only, i don't do any online work, my income from mylot is 10$ in 3 to 4 months, i am not much active here, this money goes to my bank account, the bank takes care of the taxation, it deducts at source if income is more as per income tax guidelines Thank you so much for sharing Happy posting, cheers. Kalyani

AidaLily .....I would be grateful to have made enough to pay taxes and would pay them. I can understand keeping cash at home for emergencies, but I don't think keeping a large amount is wise.