Your "Net" After Taxes

 This is a quick bit of perspective and advice.

Many business opportunities in our space never talk about taxes, other than to say that "taxes are your responsibility".  Right up front, you should know that if you want to build a long-term, sustainable business, you should learn about (and) pay taxes on the money you earn from your home business.

As such, you need to know that you may be earning 100% commissions in some programs, however, you also need to know that these earnings are taxed at 15.3%.  As such, for every $10,000 you make, you "net" 84.7%, or $8,470.00.

Some programs will send you a 1099 Self Employment Tax Statement.  Others may not.

In either case, be smart and put the $1530 in a savings account (or any place you won't touch it) so it will "be there" when you need it to square up with the government at tax time.