New tax: Any fee of $1 million or more, the performance for which is substantially completed over the course of six months or less, is hit with a 20% surtax above and beyond normal tax rates. If the work for fee is completed in five months or less, 30%; if the work for fee is completed in four months or less, 40%; if three months or less, 50%.
Reason? If you’re making $10 million on a Hollywood shoot that lasts six weeks, that’s not fair. Even among millionaires, that’s not fair. The usual millionaire must work a full year for that kind of money. But a high paid actor, or athlete, can make that much in a season, and then take the rest of the year off.
That’s leisure time the average person doesn’t have– even the average millionaire doesn’t have it.
What’s a TowDog?
I work two jobs, 4X10s at one job and Thursday night 'till Sunday afternoon towing cars out of ditches, on-call 24X3. Once a month I'm a reservist in the Navy Seabees after doing four years active from '78 to '82. Don't tell me raising taxes won't hurt the little guy, I AM the little guy and I get nailed in California the same as a guy making $1 million per year.
No tip jar!
But if you wanna buy me a cuppa coffee...(Lord knows I drink a lot of coffee);
- @Aaron_RS That's so cool! Congrats 7 hours ago
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