OP ( original poster/person who started this thread.)
Depends on where you're from ... if its in the US. Then yes, legally you're required to pay taxes on any income. The IRS tax code is ridiculous. Could tell you some very interesting facts about it.
One of which being its illegal and unconstitutional, the whole tax system ( and banking system ) in the US are. But I dont want to think about that crap right now. ( cracks knuckles )
Here's the thing ... odds of you getting audited and caught are slim regardless. Though as technology evolves, that could change. My philosophy, is screw the tax man ( people ) every chance you get.
Why the hell would I pay the govt taxes. When they are going to take my $. And use it against me ? They are all crooks themselves and the US govt. Is a tyrant, by any reasonable standard.
When the law makers are crooks themselves. Legality loses its meaning. Only my morals and personal codes of conduct ... mean anything to me.
lol, anyway Im ranting. My advice would be to seek out a CPA ... that specializes in self employed persons, sole proprietors etc.
They know the loop holes in the law. That the politicians intentionally leave in it. So that they and the rich/Corps etc. Can legally pay zero taxes. If you find a good one, then your butt is covered legally speaking.
Morally speaking ... sighs, whole nuther ballgame.
legal disclaimer: I am not advising anyone to do anything. That violates any of the 6 gazillions federal/state/city/county laws in the US. But if someone were to do everything they can. Not to give the authorities any of their hard earned money. It would be understandable. Since they are stealing from people anyway.
PS, also by US law ... the IRS has to settle outstanding debt, ( unless its been changed ) for pennies on the dollar. Even if you get caught. You sometimes see those people on TV. Saying I owed the IRS 5 million bucks. But so and so debt relief got it down to $40,000. That's cause they know the law and how to stroke it.
Fark .... once again see legal disclaimer above. Addition to legal disclaimer. I take no responsibility for damage resulting from the contents of this post.
Any harm to persons/property that may result from this. Are not done with my consent or participation. I take no responsibility whatsoever lol. And the US govt and all its affiliated entities can kiss ma butt ...
Sighs ( update ) ... In for a penny, in 4 a pound. You want some interesting reading. That will open your eyes to some econ/financial facts .... google "fiat currency" or "fiat money" a better search that will bring up more relevant/credible results ... dangers of fiat. Also take a few mins. To look up the history of the US federal reserve. Which is not a govt entity, btw. Its a private banking syndicate.
If you do and discover some interesting/disturbing truths. Post them on your facebook ... share them with friends. Or otherwise get that info out there. sighs. Even if it's in lame forum posts. So that more people know what's going on.
Here's one small related fact to what Im talking about,
Article I Section 10, Clause 1 of The Constitution of the United States (A.D. 1789) declares in part that “No State shall make any Thing but gold and silver Coin a Tender in payment of Debts.”
Not worthless paper backed ( aka ) fiat currency, ... printed and controlled by private central bankers and banking cartels.