Well That’s great you grossed $2,000 but how much of that? $2,000 is going on taxes Well I don’t know what the tax rates are in the united states But here in canada where I live in the province of Nova Scotia out of that 2 grand Self-employed or not even with all the write offs I get from things like rent or Internet or cell phone or anything else that I can claim as a business expense Even when all those write offs I’m still probably going to lose about 40 to 50 percent of that money Because I’m self-employed and I live in Canada which is a socialist country With very high tax rates so out of that 2 grand I need to take anywhere from 800 to a thousand dollars of it, and I need to put that aside to pay taxes immediately Maybe I’ll get some of that back at tax time Maybe it won’t but I have to put that aside So now my 2 grand has already become one grand Also now I need to reinvest 30 percent in order to get that Other two grand so ever that remaining thousand dollars
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