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Reply With QuoteLucky huh?
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This subject raises some interesting senario's.
Most very valuable domain names and websites should be owned by Corporations registered off shore in tax free zone countries Islands etc .. to minimise their tax obligations where they can.
A private individal to use a ghost case senario could and would run into all sorts of problems, with a very large sale say the 7.5 Million dollars mentioned in the other thread.
If such a name was sold the I.R.S would immediately impound 50% of the funds until that person had lodged the end of year tax returns, also there maybe a State tax to pay on such a transaction.
And there is more .. if your were a Foreigner from another Country .. the double, triple, even quadriple whammyy may come into play.
Not only will the US. tax you but your Countries tax department may also hit you up for tax on the entire amount that the proceeds were for, some Countries do not take into account that you have already paid tax to the Country of origin.
Then there is the sales tax that may be added VAT GST ect ... if you were lucky enough to hit a jackpot name and sell it many things need to be taken into account before you closed such a deal.
I wouldn't seek advice from Andersons though ..
Advocate.
.
Lucky huh?
Americar, did you worry about your government taxing your dan bux earnings huh?
Darn,
forgot about that ....
.
Pay them in dan bux, if they tax you.
What's the tax structure like?
Ask your professors! :razz:Originally posted by Omni
What's the tax structure like?
Omni,
Don't tell them there professors nuffin.com ....
you will only make them feel bad, they have been teaching IT for Years, and they know nuffin about domain names.
They might give you a hard time if you let them know what they missed out on way back when.
.
Taxes are against my religious beliefs
If a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts he shall end in certainties. Sir Francis Bacon
Only two things are certain ....
Taxes and Death, you cant avoid them.
Born with nuffin, Die with nuffin.
as spartcus said to the romans when it came to paying taxes
(pure mince)
my name is spartcus im not paying domain name taxes
its pure FXXking Mince
PS. THE TAX MAN IS A DOBBER
YOURS
SPARTCUS
There is no VAT and thats that ...
HUH
Will tell the professors about Dan Buxx
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