Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 1 00:00:01,920 --> 00:00:03,757 So just a quick note about taxes. I 2 2 00:00:03,782 --> 00:00:05,799 really want to kind of talk about how a 3 3 00:00:05,799 --> 00:00:07,792 freelancer has to be cautious of that. 4 4 00:00:07,817 --> 00:00:09,530 Now I'm no expert like you should 5 5 00:00:09,530 --> 00:00:11,548 definitely talk to a CPA and a tax 6 6 00:00:11,573 --> 00:00:13,970 person for the actual real information. 7 7 00:00:13,970 --> 00:00:16,258 I can give you my experiences, but legally 8 8 00:00:16,283 --> 00:00:18,440 you need to go talk to a real person who 9 9 00:00:18,440 --> 00:00:20,464 is educated and well versed in your 10 10 00:00:20,489 --> 00:00:22,320 particular situation. Everyone's 11 11 00:00:22,320 --> 00:00:23,850 situation is different. The big thing 12 12 00:00:23,875 --> 00:00:25,380 about taxes that you have to remember 13 13 00:00:25,380 --> 00:00:27,561 that most film sets, most things are you 14 14 00:00:27,586 --> 00:00:29,689 working for, are not going to be taxing 15 15 00:00:29,689 --> 00:00:30,991 you, they are going to be giving you a 16 16 00:00:31,016 --> 00:00:32,259 full rate, which is why you should be 17 17 00:00:32,259 --> 00:00:34,861 asking for a for a full rate, because it will 18 18 00:00:34,886 --> 00:00:37,350 get tax later on. Also going back to rates, 19 19 00:00:37,350 --> 00:00:39,130 if you can raise your rate so that you 20 20 00:00:39,155 --> 00:00:40,909 know you'll be paying taxes quarterly, 21 21 00:00:40,909 --> 00:00:42,890 that would be really helpful, if your 22 22 00:00:42,915 --> 00:00:44,870 gonna be a full blown freelancer. You 23 23 00:00:44,870 --> 00:00:46,687 have to remember that you've invested 24 24 00:00:46,712 --> 00:00:48,409 all this money into education, into 25 25 00:00:48,409 --> 00:00:49,426 equipment into all these 26 26 00:00:49,451 --> 00:00:50,739 things, soy you are worth it, 27 27 00:00:50,739 --> 00:00:52,531 your rate is worth it and when you get 28 28 00:00:52,556 --> 00:00:54,369 taxed it's going to be taking away from 29 29 00:00:54,369 --> 00:00:56,551 that rate. So you want to make sure that 30 30 00:00:56,576 --> 00:00:58,679 even if you are getting paid $500 a day 31 31 00:00:58,679 --> 00:01:00,145 that $150 of that gets 32 32 00:01:00,170 --> 00:01:03,010 tax, the rest of its gonna go to you over 33 33 00:01:03,010 --> 00:01:05,196 time. So the big thing is make sure your 34 34 00:01:05,221 --> 00:01:07,329 rates high enough to battle this taxes, 35 35 00:01:07,329 --> 00:01:09,665 be aware of what you can and can't write 36 36 00:01:09,690 --> 00:01:12,000 off as a freelancer and also be aware of 37 37 00:01:12,000 --> 00:01:13,339 how much taxes you are going to end up 38 38 00:01:13,364 --> 00:01:14,393 going at the end of the year. 3202