Sex, love, and the IRS: This is Crazy Sexy!

Happy Tax Day! Today, I'm going to go where no other sex worker has gone before. Other than death, the one thing we cannot escape is TAXES! Today is the day that we must come face to face with taxes, and yes, just like you, I pay my taxes (and you thought you had heard everything).

I recognize that I'm navigating a delicate situation when declaring my income to the IRS. However, I am honest about everything I do report. I don't list "sex worker" as my occupation. Instead, I describe it as "model" or "entertainer." Everything can be accurately and truthfully reported through simple semantics.

Sex workers are typically self-employed, which means our earnings aren't nicely summarized for us on a W-2. Earnings can be easily tracked by simply opening a free business checking account. The total deposits made into this account throughout the year represent the earnings (AKA income) for that year, offering documented proof of income similar to a W-2.

How much money do I deposit? Al Capone was imprisoned for tax evasion, not for his numerous other crimes like bootlegging and racketeering. He was convicted for not paying taxes on the money he made from criminal activities. For me, this is an obvious decision (in case it isn't for you, I report all my income because prison is a major deterrent for me 😉).

Being self-employed allows me to deduct business expenses. The IRS requires that all income is reported, but on the bright side, you may deduct expenses, meaning you don't have to report all or some of your expenses. Obviously, this could lead to a higher net income and more taxes. However, some expenses might raise eyebrows, like ads on adult websites, sex supplies, or lingerie. To avoid this, I skip those deductions, considering it a form of insurance for my peace of mind.

As my own boss, I am tasked with figuring out my retirement and health care. Initially, this seems very overwhelming. However, it's actually quite simple. It's easier than tracking income and much simpler to execute.

Banks offer various individual retirement accounts (IRAs) to save for retirement. Anyone can contribute to a Roth IRA, but high-income earners must switch to a traditional IRA. Employees can also save through a 401(k) plan offered by their employer, while self-employed individuals have the option of a SEP IRA. All these IRAs can be opened at the same bank or credit union where you bank, with deposits made as easily as into a savings or checking account, making it very convenient. Now, did you just learn something from a sex worker?

The final piece is health insurance (you are probably thinking FINALLY THANK GOD) is typically provided by employers. If not, or if you're self-employed, you can use the health insurance marketplace. You can also opt for more comprehensive insurance for extra benefits, similar to employer tiers. I have excellent insurance this way; check it out if you're interested.

You made it! You officially can now run your own sex work sole proprietor business! All you need now is something sexy to wear! I'm kidding, or am I? lol While the business setup requires some effort, the freedom of being my own boss and creating my own schedule is worth this effort.

By embracing all of life—love, sex, and the IRS—you gain security and confidence, and that swagger is incredibly sexy!

❤️ Charlotte