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TGR, Gutenberg, Rubric

March 2015



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TGR, Gutenberg, Rubric

Money Matters

There is something to be said for the idea of working for someone else and letting them handle all the money matters. Take taxes for instance. You go to work. You get a paycheck. Tax, social security, and medicare are deducted from your check before you even see the money. So, by the way, are health insurance, retirement plans, stock purchases, and even donations with some companies. The money magically appears in your bank account each week or month and you spend it. You put your mortgage and utilities on autopay and you don’t even have to worry about that. You look in your checkbook and you can see exactly how much money you have.

Take the process of getting money from PayPal for contrast. It looks like it should be simple. You enter your banking information and then when PayPal gets money you click a button that says transfer to my checking account. PayPal transfers the money. Except someplace in the mystic black box of its workings, it doesn’t work. Two different account setups have failed because PayPal’s micro-deposit of two cents was refused by the bank. Getting a check from them takes three weeks and there is an added fee for cutting one. My day today includes going to the bank to sit with them while we dissect what prevents the payments from going through. Then I’ll figure out what percentage of my meager deposit I need to send to Uncle Sam, how much to allot to my committed donations, how much gets accounted for cost of sales, and how much I get to apply to the mortgage.

The easy way, of course, would be to set up an Amazon store and just run all sales through it. People trust Amazon and can buy my books, get them shipped, pay the tax, and then I get a direct deposit for a few cents on the dollar of what Amazon receives. I don’t have to worry about computing and paying sales tax or cost of sales. Instead of filing as retail sales, I get paid as a royalty.

But of course, I’ve never done anything the easy way. So PayPal, I will conquer you. I will get deposits. I will ship books. (The first batch of Steven George & The Dragon purchased before release will be shipped today!) And if you haven’t received or replied to an invite to the release party this Friday, the link is at Steven George Release Party. Come and join the festivities!