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Old Wed Jul 09, 2008, 08:49pm
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Rich Rich is offline
Get away from me, Steve.
 
Join Date: Aug 2000
Posts: 15,793
Quote:
Originally Posted by PilotUmp
I thought it was anything over $300 that the recipient had to report, and $600 the minimum for the assignor/association/etc.
All income is taxable for Federal Income taxes.

There is a threshold for self-employment taxes (SS, Medicare), which is $400 net income (at least that's what it was recently).
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