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Im_CIA

Im_CIA

16 hours ago, RandomGuy said:

According to your donations record, you had $39,000 in donations in 2020, and per your SocialBlade, ~$15,000 in YouTube money assuming a $2 CPM and a 45% cut for the website. $54,000 is over four times the gross median income in Poland. It's equivalent to a low six figure income in the United States when Poland's PPP conversion factor is applied. You also appear to live mostly off of canned beans and $10 games in what I presume is a 1 bedroom apartment. 

 

I'm a bit confused as how you're only set for the next few months.

Well I know there is an additional  15% self employment tax on top of income and everything else. Not sure how donations are taxesd, but wonder if he can claim his apartment as an office and use moving expenses as a write off.

Im_CIA

Im_CIA

16 hours ago, RandomGuy said:

According to your donations record, you had $39,000 in donations in 2020, and per your SocialBlade, ~$15,000 in YouTube money assuming a $2 CPM and a 45% cut for the website. $54,000 is over four times the gross median income in Poland. It's equivalent to a low six figure income in the United States when Poland's PPP conversion factor is applied. You also appear to live mostly off of canned beans and $10 games in what I presume is a 1 bedroom apartment. 

 

I'm a bit confused as how you're only set for the next few months.

Well I know there is an additional  15% self employment tax on top of income and everything else. Not sure how donations are taxes, but wonder if he can claim his apartment as an office and use moving expenses as a write off.

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