$10000 each year but it costs me $5000 in gas
thats not the same thing as what we are talking about, in games for eg. apple taking 30% of the revenue is not the part you get charged tax for(in the UK) you get charge on the 70%(or what ever is relevant)
but if you ran a business that had a service or you worked in a commercial vehicle or have to pay insurance for driving a car for your work that is different to driving to work, so costs for running the car during business would be part of the revenue not the income.
there are laws specifically for resale of your belongings be it on your property or ebay and they have separate but similar rules to income tax, like how much you can resale in one go, in what way you sell them and to what countries. specifically buying things to resell them is different too and
just like you dont need to be verified with paypal before you buy or sell a certain amount of money(£250 or 500 or something) because past that they legally have to confirm you so that you cannot have hundreds of accounts and such gain large hidden incomes.
also you have to declare income after true expenses and such as your income from the game may not be 100% of the profits, eg. 2 people work on the game. and just because you have a company earning 100k doesnt mean you are taking in 100k alot of times you earn an income or take dividents out of the company, else they have no trading capital
Edited by Jack Indie Box, 25 May 2012 - 10:42 PM.