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Websites And Taxes


omgRawr
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Say if you own a website and you make some money off of it using Google AdSense and Adbrite. Would you have to pay a tax for those profits that you make? I don't really think it would make a difference if you only made $20 (please correct me if I'm wrong) but if you're making say $200,000 a year from websites and you're living on that money, do you still have to pay taxes? Or if you own an LLC and you're using the LLC to backup (or "support") your website, then do you have to pay a revenue tax or something like that? This only applies to the United States. If you're going to reply, make sure most of it is accurate information. Also, links to other sites offering legal advice would be appreciated.Thanks.

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