Re:Ask HN: Software developers, what is your side income?
by herbst on Saturday April 03, 2021 @05:24AM
(#26679502)
I feel sorry for them. Taxes really should not be hindering oneself. However taxes should reflect a portion of your earnings, so if your price is right i dont really see how taxes could stop anyone from earning money.
Only about 1 of 3 or 4 of my projects work out financially. And this is after doing this for 15+ years, 5+ exclusively. What i am saying is you cant expect it to just work on the first time. It took me over 5 years to reach the minimum threeshold of an adsense payout.
IMO most people never get there because they stop WAY to early. Earning money is less about your actual skills but more about your specific online selling skills that you only get from doing
Re:Ask HN: Software developers, what is your side income?
by jokethrowaway on Thursday April 01, 2021 @03:56PM
(#26665273)
I moved from my country (Italy) precisely because of taxation (and the relative dead business sector).
You can have a side project in the UK for very cheap (for now, pre COVID tax hike).
Go where you're treated best
Re:Ask HN: Software developers, what is your side income?
by herbst on Saturday April 03, 2021 @06:45AM
(#26679892)
I am honestly curious what makes italian/eu tax so much more complicated. In Switzerland i basically just have to find the right column to declare additional income on my tax sheet. (And add some exports from my billing tools)
A friend for example, who is a talented interior designer, had a few paid customers but that made taxes more complicated (not the US) and required an accountant that cost more than what was earned. Another friend built a small site trying to sell lectures about something he is good at, again nothing significant came out of it and the expenses were bigger.