What do I get taxed on?

What do I get taxed on? I started selling shirts with my design on Etsy through Printful. Last month, I paid Printful $2500 for the shirts to be made and shipped and Etsy sent me $3000, so I made a profit of $500 (~17% profit) Do I pay taxes on the $500 of profit or does the total $3,000 count as the taxable income?
submitted by /u/warf3re

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