EMERGENCY ANNOUNCEMENT: Open Collective Foundation is dissolving, and Beehaw needs your help
ericjmorey @ ericjmorey @beehaw.org Posts 10Comments 210Joined 2 yr. ago

ericjmorey @ ericjmorey @beehaw.org
Posts
10
Comments
210
Joined
2 yr. ago
It would be the difference between paying no taxes to either a) paying taxes on all funds received at regular income tax rates without the benefit of deduction of expenses or b) doing 99% of the work to still need to pay income taxes on net income (revenues less expenses). So if you're going to do the work, it's worthwhile to do the additional 1% to get all of the benefits.