Do i have to pay income taxes as a wholesaler?

[Account Closed]

Hello, i am starting out in wholesaling and hoping to start my first deal soon and was wondering, do i need to pay income taxes on what i make?! Thanks

[Jay Hinrichs]

OK  now that I am done laughing .. of course you have to pay income tax

just think of all the criminals that were put into jail not because they got caught doing criminal activities but for tax evasion.

check your state.. there is a minimum where you don't have to pay tax.. but if your total income is over that then you do.

good luck and by all means pay your tax's us old guys will need our SSI benefits