Do you have to pay taxes on commissioned earnings?

Question by sica91x: Do you have to pay taxes on commissioned earnings?
I’m a cam girl and my boss takes a percentage out of each of my payments. Right now, I get to keep up to 70% of what I make. I’m confused about why I have to pay taxes if he takes a percentage out and it’s a business online? I would be filing a 1099 next year, because they have me as an independent contractor. I don’t make that much, I don’t get to keep everything I make, and I’m wondering what is it exactly I’m paying taxes for? I don’t get health benefits or anything.
And our pays go through CCBill.

Could someone help me out and answer my questions? I really don’t understand why I’m having to take 25% out of my paycheck and set it aside for taxes when he’s already taking 30% out of what I make.

I hope you all understand my frustrations.
Thanks.

Best answer:

Answer by Mathew
What I don’t understand is what the 30% the “boss” is taking out represents. I suspect that is some sort of commission or finders fee. If that is the case you would deduct that amount. But first I would want to know how your income is reported if it is and was the 30% included or excluded.

Really I would have more questions than answers if I would attempt to deal with your problem. I am sure that does not relieve your frustration.

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Do you have to pay taxes on commissioned earnings?

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