Quote:
Originally Posted by mr ploppy
Wouldn't they then have to pay tax on your writing income? Or would their tax on it be a lot less than 30% to make that worth doing?
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I wonder if the Federal IRS considers author's royalties as "ordinary income" and taxed at the personal standard rate. If so, the tax rate can be anywhere between 0 - 39%. Choose a lower income individual as you would pay no tax at all.
There may be state income taxes as well although these are usu much less.