OnlyFans model Sophia Rain slammed Florida gubernatorial candidate James Fishback after he proposed a 'sin tax' that would tax OnlyFans creators 50% of their income to 'disincentivize and deter a behavior'
If your primary source of income is now being taxed at over 70% (50% “sin tax” + 15% income tax + 8% Medicare/social security tax) then that creates a pretty strong incentive to move, because the cost of not moving is even greater.
There is no “I can’t afford to move” at these numbers. At this rate it would make sense to even borrow money to move.
If that 15% income tax is meant to be federal, I think Sophie Rain would be getting taxed at 37% instead.
I don’t know if the 50% “sin tax” would be something that could be used as a deduction on federal taxes or not.
In any case, this makes the point even more so…especially for someone pulling down 89 million a year. I’m sure not every OF star in Florida is making that kind of bank.
If your primary source of income is now being taxed at over 70% (50% “sin tax” + 15% income tax + 8% Medicare/social security tax) then that creates a pretty strong incentive to move, because the cost of not moving is even greater.
There is no “I can’t afford to move” at these numbers. At this rate it would make sense to even borrow money to move.
If that 15% income tax is meant to be federal, I think Sophie Rain would be getting taxed at 37% instead.
I don’t know if the 50% “sin tax” would be something that could be used as a deduction on federal taxes or not.
In any case, this makes the point even more so…especially for someone pulling down 89 million a year. I’m sure not every OF star in Florida is making that kind of bank.