it's actually not
by jt (2019-01-10 14:08:05)
Edited on 2019-01-10 14:08:49

In reply to: To an 18 year old making $200k in endorsement deals  posted by tdiddy07

you would have to be making even more than that to pay full freight.

And I assume that the 200k would go on a schedule C and there would be related deductions for that income that would actually bring it down substantially.

And most importantly, I would imagine that the VAST majority of kids would fall well below that 200k of income.