Earning money online seems to be getting easier and easier, with so many services being provided and loads of electronic goods which can be sold without delay. However, a question has come to mind in regards to Tax. How do you claim tax earning money online? How do the tax management people actually track these money earners?

The fact is, a lot of people probably don’t bother paying tax with money they earn online. Why? Because theoretically it can’t be tracked. Obviously there are ways to be caught out, but with a lot of new payment methods such as PayPal and E-Gold, it gets harder and harder. What does this REALLY mean?

It means that those who have a job away from the PC, end up having to pay MORE tax because the users on the net don’t pay it. Although, personally I don’t really blame the situation on the people earning money online - why? Take a look at the ATO (Australian Taxation Office) website and you’ll understand. Why can’t there be a simpler way of finding out, before doing your tax at somewhere like the San Diego tax attorney?

Ok, enough ranting for today! I’d like to still know your opinion on the situation, use the comments box below!

This entry was posted on Thursday, January 3rd, 2008 at 6:54 pm and is filed under Off-Topic. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.