Affiliate Pay
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So I have a pretty important question. Do we pay taxes if we earn commissions on here? If so, how exactly does that work?
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Since you live in the United States you will have to pay taxes on your commissions if you get more than $600 from each source. But if you get $250 from one, and get $500 from another you will not have too pay taxes on it. Keep track of your expenses, like the monthly fee for WA, internet service, etc. because you will get to deduct these on your taxes.
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Income that you earn online will be claimed as personal income when starting out. It will depend where you are located in the world as to what tax rules apply, but it will be based on your local tax rules and regulations. It is typically going to be claimed as personal income or "sole proprietor".
But yeah, you are responsible for claiming any income you earn. As for setting up a business and running income through a business, this should be something that is considered when you start earning $50K-$100K per year, not before that.