I am a tax accountant and would add that the smart ladies report a plausible amount of their income on their tax return....so if they gross $150k, they report say $100k, deduct $40% as overhead and pay tax on $60k. This makes them part of society, creates RRSP room, builds retirment income via CPP and allows access to credit. If you don't report the income, then how do you plan to explain to CRA how you bought that $400k condo for cash. Sadly, the ones that don't report the cash just end up wasting most of the cash on trips, expensive clothes and accessories and drugs. By the time they are burnt out and looks have faded, they don't have much to show for their efforts. Given that CRA has a very large project on the underground economy, it will not be long before they target the ladies of this industry.
Is Hobbying Limited to the Upper Middle + Class?
- Thread starter kenchau66
- Start date
Good to know. Hmm ...this is a nice set up for a tax auditor role play session with an SP.
Thanks, very informative. Agree if I had to have sex 4 to 5 hrs a day 5 days a week I could hurt myself, but it wouldn't be a bad way to go as long as the sex was with someone desirable.
Seriously, thanks for the data points obviously I don't have all the facts right. I am better informed now. Have a super day.
I wanted to comment on this topic just based on the title. I want to firstly say, not everyone who uses these services does so, as a "hobby". There are those who engage in this field for reasons they maybe wish weren't so, or, after years of hoping something else would pan out for them. Having said that, I do find recently with the upward adjustment in many fees, my options in this industry have narrowed. It's difficult because...to a large degree I've had some more rewarding experiences with independent SP's. Sessions which, in some way better meet what I was seeking or needing. This is not to say I've not been well looked after by agencies too in many cases. I just find the independent can often hone in more on what a client may be after, or need. For me, someone in a wheelchair who in many cases, already has to select from a smaller pool of willing providers, it's difficult to see my options further reduced by market change. Still, I fully support providers in getting their due.
I think like any cash based business there is under reporting or non reporting of income that occurs. Non reporting may be higher for the sex industry only because of fear/uncertainty of reporting given the legal questions surrounding the profession. CRA doesn't care how you made the money though, they just want their cut. Remember income tax invasion was eventually brought down Al Capone. Things like FINTRAC requiring banks to report large deposits, less reliance on cash, ubiquity of point of sale terminals, etc will be able to target the underground economy more precisely and eventually kill it off.
Wtf upper/middle class lol
Trust me most upper class types have their own private stash and would never touch the stuff the commoners do
Some providers put stupidly high prices trying to act like they high class but they are not and they just get a couple regulars who overpay them
There probably are more lower class hookers out there
$60 is pretty much standard and some go as low as $20
At about $250+ per session, you'd think this hobby is for people who have money.
Then again, you'd think some poor people wouldn't spend all their money on cigarettes, booze and drugs. Yet somehow they scrape up the money to do them.
Then again, you'd think some poor people wouldn't spend all their money on cigarettes, booze and drugs. Yet somehow they scrape up the money to do them.
There are also many other factors. Some of these people might be making 36-40 k a year, but if they are living at mom and pop's still, well that's like making 100k a year. Stats can is also showing salaries for all these part-time jobs that are mostly kids and students, not really adults who have started their careers, so it's pretty misleading.
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http://www.cryptocapitalism.center/bitcoin-crash-course/
That sounds about right, except the drugs part. She doesn't own any real estate, but she takes plenty of vacations, and spends a lot on clothing and clubbing. She's getting on in years too.
She may actually report smaller earnings like you said, but she sure does go on about how she's gaming the system.
Last I heard was she latched on to some rich guy, so she may be set for life regardless.
When my strip club hobby was in full swing it was on the same budget when I was a student, entering the workforce, and when 'well employed'. Sometimes starting with 'less' can be really handy in structuring a hobby. Even if I switched to SPs or MPs I'd never increase my monthly budget (beyond an overdue bump for inflation). I'm currently spending way less than that... Even on a modest budget most people could afford a couple of 'reasonable' encounters at a SC / MP / or with a SP on a bi-monthly basis, even if 'reasonable' is just a blow and go by a decent girl in a decent environment every couple of weeks. edit: ...and you can go well below 'decent' if you want to.
frankcastle made an excellent point, a guy working 40 hours a week making minimum wage living in his mom's basement (and most likely doesn't have to pay rent) can afford to hobby every week.
It's not about how much make but how much you can keep.
It's not about how much make but how much you can keep.
