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Still, unless you try to dodge taxes, I’d say only half - if that - makes it into your pocket.
by brtkdotse 6y ago
Still, unless you try to dodge taxes, I’d say only half - if that - makes it into your pocket.
- PaulDavisThe1st 6y agoI "run" a FLOSS project that grosses about US$20k/month. Actual expenses are less than US$150/month, which leaves the vast majority available to enter the pockets of the people (currently generally just two) who get paid. This year, we've also chosen to accumulate almost US$40k for future project "purposes". As a resident of New Mexico, I put aside 23% of my gross income for federal and state tax, and that is normally within a few hundred dollars of the correct amount.
- unreal37 6y agoBack when I was making $20k per month working on my own, almost 100% went into my pocket except for taxes. Not sure why you'd look down upon that amount. It's a good lifestyle business if you can do that consistently.