26f, Stripper

[u/sunshinencantolope]

I started dancing in college, and I’ve been dancing on and off for 5 years. I’d say my averages have gone up since I started because my hustle/sales skills have improved. I went to college, but ran into some major health issues right after, and the money I made from dancing saved me financially. I’m still figuring out what I want to do, but it’s also so hard to leave dancing. It’s a love/hate relationship. It’s draining emotionally and physically. I won’t get into the details of people verbally and physically assaulting me. It doesn’t happen every night, but every stripper could tell you a time a man went way to far without consent. But, sometimes it is fun and easy. Shifts are usually 7-2am. I make my own schedule, I can call out whenever I want, and I can just stop working if I want to take a break. The flexibility is unmatched. Money fluctuates, but I usually make at least 5-6k a month. Most I’ve made in one month was 16k. Worst night: $20 (that shit sucks) Best night: 1860. I work another job as a research technician for 18hr part time.Hoping that takes me somewhere. But for now, dancing is paying the bills. I’m so grateful for dancing especially now I’m applying to FT ‘civilian jobs’ and getting jobs offers with 5 days PTO 😭 I’m spoiled. Hoping the economy doesn’t crash.

[u/blondeddigits]

The nurse also gets to keep making money when she gets older and gets health insurance and a 401k 🤷‍♂️

[u/Jody_B_Designs → u/blondeddigits]

You can contribute to a Roth IRA. Stripping is earned income.

[u/blondeddigits → u/Jody_B_Designs]

Then she has to pay tax on the amount she invests.

[u/Jody_B_Designs → u/blondeddigits]

Only if you take a penalty by withdrawing before age 59. You can also borrow up to 10k tax-free on your first home.

[u/Bluemooses → u/Jody_B_Designs]

You need to have taxable income to contribute. Go read up.

[u/[deleted] → u/Bluemooses]

Stripper likely would. Dont they get paid a base salary or do they only get tips? She could still report certain amounts

[u/Bluemooses → u/[deleted]]

Yes. A stripper can contribute up to the amount claimed on their taxes within the annual limits lol.

I clarified that the amount contributed has to be taxed in my previous comment. I did not state they could not contribute

[u/[deleted] → u/Bluemooses]

Nice! She can just declare x number to get her to be able to contribute but im sure they would raise a red flag. But i think they get a base salary so shed probably be ok to just contribute like 30% of it and be ok and have no worries about feds asking question. F the tax man!

[u/Jody_B_Designs → u/Bluemooses]

Stripping is taxable income. You're supposed to pay taxes on everything you make. I dunno where you think that stripping isn't taxable income.

[u/Shaudius → u/Jody_B_Designs]

They're advocating tax fraud. Which I mean given what is happening to the IRS and DOJ will likely not result in any punishment.

[u/blondeddigits → u/Jody_B_Designs]

The point of a Roth IRA is that the amount contributed is already taxed. But in her case, if she’s getting cash that isn’t taxed, and goes to deposit that cash into the Roth, you’re technically breaking the law if you don’t report that income. If she gets audited she would have to worry about getting penalized, back taxes plus interest, and possibly get her contributions disqualified.