@dana-edwards, is the money we make on Steemit treated the same as if I made this money on Youtube?
The reason I ask is because you can write off things like cameras, costumes, plane tickets, etc. as long as it was used to make Youtube videos (it will be treated as business expenses). And, all of this can be done without the need to make an LLC or S-Corp.
RE: Should every US Steemit blogger form an S-Corp to reduce their self employment taxes?