Do escorts pay taxes?

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Originally Posted by Jamie French

Because I like libraries.

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Quite noble Jamie. You win my conscientious citizen of the day award. :Bowdown:

maybe they should have an official from customs & excise collecting from all the ts tv escorts.it would be a vast amount in london alone £££.the more i think about it i would like that job could mix business with pleasure :party:

only if they want to:)

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Originally Posted by vex

maybe they should have an official from customs & excise collecting from all the ts tv escorts.it would be a vast amount in london alone £££.the more i think about it i would like that job could mix business with pleasure :party:

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maybe he could collect dressed as a giant condom thus enforcing a subliminal message of safe sex for all.

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Originally Posted by BigDF

I suspect in the example given it appears as "Business Entertainment Expense" which would also cover things like taking a client out to dinner, a ball game, etc.

As far as whether escorts pay taxes goes, the safest way would be to report all income, even cash payments. That way you're covered against the excesses of an IRS investigation. With the situation the government is in right now, the IRS folks are probably under a lot of pressure to find all the tax revenue they can. The small business owner who doesn't report cash payments may regret that in the long run, because when he gets caught it won't be pretty. The word Draconian comes to mind with interest and penalties for tax evasion. :geek:

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I can't speak from the escorting side (not my cup of tea), but when I worked as a Senior Accountant for a small business, I had to guide them through two state audits and one Federal audit. What BigDf says is *very* true. If you start moving enough cash here in the US, they will notice and an audit is NOT something you want to get drug into. Once they start, they won't stop until they find something meaty you missed. The more upfront your income reporting is, the quicker it will be over.

Being self employed myself, I razzed a couple of girls that I have been with about having a great source of income. Cash, paid on the spot, and can make some serious doe.

what kind of dough ie money are some girls making.if they are seeing even half a dozen clients a day at the average £100 an hour over a week we are talking £4000 a week:dancing:

We dont pay taxes

But we dont get health benefits

Half a dozen a day? I've never met a human being with that kind of stamina... I see three or four clients a week on a busy week... I turn down a lot of business cause working long hours defeats the whole purpose of "easy money".

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Originally Posted by vex

what kind of dough ie money are some girls making.if they are seeing even half a dozen clients a day at the average £100 an hour over a week we are talking £4000 a week:dancing:

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I'm thinking just having to deal with some of the clientel is taxing enough.
Just look around this place! :rolleyes: