Onlyfans ranking % and how much actual money that corresponds to:
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Thanks for sharing this, can I ask if OF withholds estimated taxes and Social Security for US performers or if y’all are on your own?
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It does not withhold, you have to pay taxes as well as a 15% self employment tax that you need to set aside with every paycheck.
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Thank you for that, it sounds like they do at least (likely) prevent performers from getting a massive tax bill after their earnings are spent?
I sincerely worry when young people like 18 yo do gig work or self employment without guidance
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no they don't prevent anything. they just pay you, you're on your own, and they don't even tell you you need to set aside money.
I've seen a lot of girls thinking that the 20% fee is for taxes, and don't put aside anything
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Wow thanks for the clarification, that’s unfortunate for these young performers
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Looks like more than 80% are making less than $500/month
Or less than 6k per year. Most much less than that.
So probably not most unfortunate thing, given pandemic
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