First of all, congratulations on your early success in life. There are many good answers here and I will try not to repeat Amy of them knowingly. Here are some of the things to consider:1. Tax Law: By law, you must report all your income and pay taxes on your income. If you don't, you will likely pay penalties and, if you still don't pay, you could go to jail. There are no exceptions to that. So my advice is to file tax returns and pay your taxes before it is too late. 2. Loopholes: Just because you must pay taxes, it doesn't mean you are not entitled to take advantage of legal loopholes in the tax laws to pay the least amount of tax. For example, you can deduct any expenses related to your business from the gross income to calculate taxable income. Did you buy a computer? A printer? A cell phone for business use? All these should be deductible. Besides these deductions, there are exemptions that could reduce your taxable income a little more. You should talk to a tax attorney or an accountant who deals in business taxes. They could help you structure your business in a way that would minimize your taxes. 3. Tax Rates: You are right about the tax rates, but depending on the State you live in, you might have state income taxes too.4. Reporting: If you are being paid as an independent contractor, your clients should be giving you a 1099 form reporting that payment to the IRS. That means the big brother (IRS) already knows you are being paid that amount and, if you don't pay taxes, will likely come after you.5. IRAs and 401k: Since you are starting to make good money at such a young age, you are probably going to continue to earn enough through college that you will not need to depend on all of your current income. You can put some of your earnings away in retirement accounts such as SEP IRA or 401k. That would reduce your taxable income thereby reducing your income taxes.6. 529: You should consider putting some of your earnings into college saving accounts (529). While this would not reduce your current taxes, these accounts can grow tax free if used to pay for college.7. Unreported Income: It is possible that some or all of your vendors are not reporting the payments on a 1099 form. In that case, the IRS depends on you to still report all of your income. Some people likely don't report all of their income in such cases. You will be taking a risk of being audited resulting in penalties. 8. Fairness: Many people believe you should pay your "fair share".How much is fair is of course determined by them or their representatives. Your job is to work hard, pay your "fair share" so that they can get free college, free healthcare, etc. Is that fair? But they have the power, so you better obey. I wish you success in your life. Hopefully one day you will become a one percenter!