[Infinity]

Lets assume the only income on the tax return is CJ's 1099 form. (No Deductions / Over 15K) The Feds take a nice even 1/3 right?

Thanks!

[AffiliateHound]

Emphatically No.

You need to talk to an accountant, or at least look through "1040 Forms and Instructions"...
(No Deductions / Over 15K)...and probably some additional IRS publications on business deductions.

[Infinity]

I guess I'll do some research. I just poped open a new Turbo Tax Form and only put in one 1099 form and it gave me 1/3. I'm good with doing deductions. :) This is my first year doing 100% Affiliate work, with no "Real Job" as my wife says. Basically just trying to get a guestimate on what % I should put aside.

Thanks!

[Herb ԿԬ]

any earnings over net $400. mean you pay Social Security tax.

good to work with an accountant.

[oziman]

How do you get paid from CJ?

direct (as a sole proprietorship) or through a company.

I would say talk to an accountant not only for this years taxes but so you can minimize the coming year's taxes.

G'luck