Comments by "Digital Footballer" (@digitalfootballer9032) on "How the YouTube Creator Economy Works" video.

  1. As far as the tax thing goes, that's what I do for a living, so the quick explanation is that more likely than not if you are a small to medium income content creator, you would file a schedule C for self employment income. The common misconception is that is taxed less, but it is not, it is actually taxed more because you pay regular income tax plus self employment tax, which is equivalent to paying "payroll tax" twice (SS, medicare, disability). There is however an advantage in that you can use the cost of production (equipment, cost of internet service, etc) as a work expense and deduct it from your income. Depending on how much your work expenses are, it CAN be an advantage, but it isn't always necessarily an advantage.
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