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Do you need to pay Taxes on your revenue?
Sorry I am asking this question here. I couldn't find any legal or tax category.I am a developer based out of US. When a user buys an app for $0.99 they have to pay $0.25 tax on it. So Apple collectsApp Price: $0.99Tax: $.25Total: $1.24Afterwards Apple pays us developers 70% off $0.99 i.e. $0.69My question is that do I need to pay Fed & State taxes on $0.69? Hasn't that amount been already taxed and tax taken out of it by Apple ($1.24) or did I miss something?I searched Apple Dev fourms and only found this answer on the topic - https://forums.developer.apple.com/message/90695#90695I appologize I am new to this.
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Mar ’16