7 ms·

I beg your pardon but the cheapest tier on her patreon is $3 a month. Please do not try to tell us that $325k a year minimum is not enough.

grogenaut 4y ago
She doesnt' get 100% of that, she doesn't even get close. Several podcasts I listen to are killing their $2/$3 tiers as it doesn't make them any money. That's also assuming they continue the payment for the full year all 10k of them.
- pablo24602 4y ago
  > Several podcasts I listen to are killing their $2/$3 tiers as it doesn't make them any money Am I missing something here? The cut that Patreon gets is 5-12% of revenue and processing payments for 2-3$ are 5% + 10c. At worst, she's getting $2.2 for every $3/m user.
  - grogenaut 4y ago
    I think there are other fees but I couldn't find them. Sure so that's $22,000 once if everyone (10k) is $3 tier patreon and goes for one month. For someone who can't work, and then there's taxes. With just federal they're down to $15k for that month. Yeah that's nice, but that's what being nice is. Does that keep going, likely no. And that's max, not including local taxes, etc. Are they rolling in it, no not at all. I'm not sure what your point is, they don't think they can work, it's been going on for a bit, they get a nice community pay out ... do people live on less, yes definitely. But she didnt' win the lottery here.
- aflag 4y ago
  I think what they mean by that is that they thing if they raise the bottom tier it won't reduce the number of patreons by the same amount, so they are essentially losing money by not doing that.
mat_epice 4y ago
Let me tell you: $325k/yr is not enough to manage a debilitating health condition that requires constant care. For a creator of her size, patreon takes 12% right off the top. ($39k) In addition, there is a transaction fee of 2.9% + $0.30. ($9.5k + $32.5k = $42k) Then you have to pay taxes. Self employment taxes on $283k are $26.5k. Federal/state/local income taxes are $82k. 189k of your earnings are GONE. So, you’re at $135k takehome. Not $325k, but not bad, right?! Well, maybe, except this does not include any of the benefits of a traditional job. No health insurance, dental, retirement, etc. Hopefully, they have good health insurance, otherwise they are probably already close to bankrupt. If you’re wondering whether $135k takehome can support a couple through a catastrophic health issue like this long term, I have the personal experience to say that it can’t. I won’t elaborate further, but maybe someone else can.
- trogdor 4y ago
  Even assuming that your figures are correct, I am not sure how you can conclude that $135k/year take-home is insufficient to support a couple through a catastrophic health issue. She is apparently in her 30s. Same with me. I pay for an excellent Marketplace health insurance policy. My premium, annualized, is around $6,500, and my annual out-of-pocket maximum is $8,000. That’s $14,500 a year. Double that to liberally cover two people, and you’re still under $30k/year. How is $135k/year inadequate?
  - aflag 4y ago
    Also worth noting that before the video was released she had a little less than 1k patreons and wasn't releasing new videos. So, she's probably been going through her savings for the past 6 months or so. She's not getting better any time soon either. So, this 9k number will probably decrease a lot in the following months.
    - trogdor 4y ago
      I’m not sure how that is relevant. My comment was a rebuttal to someone who argued that $135k/year in take-home is insufficient to support a couple - any couple - through a catastrophic health issue.
dharmab 4y ago
I had a serious, one-off injury in 2018 that would have wiped out about half of that if not for my employer sponsored care. US healthcare is extraordinarily expensive.
- trogdor 4y ago
  If you hadn’t had employer-sponsored healthcare, wouldn’t you have purchased health insurance through the Marketplace?
  - dharmab 4y ago
    It's significantly more expensive with higher deductibles and copays and smaller networks.

grogenaut 4y ago

She doesnt' get 100% of that, she doesn't even get close. Several podcasts I listen to are killing their $2/$3 tiers as it doesn't make them any money. That's also assuming they continue the payment for the full year all 10k of them.

pablo24602 4y ago
> Several podcasts I listen to are killing their $2/$3 tiers as it doesn't make them any money Am I missing something here? The cut that Patreon gets is 5-12% of revenue and processing payments for 2-3$ are 5% + 10c. At worst, she's getting $2.2 for every $3/m user.
- grogenaut 4y ago
  I think there are other fees but I couldn't find them. Sure so that's $22,000 once if everyone (10k) is $3 tier patreon and goes for one month. For someone who can't work, and then there's taxes. With just federal they're down to $15k for that month. Yeah that's nice, but that's what being nice is. Does that keep going, likely no. And that's max, not including local taxes, etc. Are they rolling in it, no not at all. I'm not sure what your point is, they don't think they can work, it's been going on for a bit, they get a nice community pay out ... do people live on less, yes definitely. But she didnt' win the lottery here.
aflag 4y ago
I think what they mean by that is that they thing if they raise the bottom tier it won't reduce the number of patreons by the same amount, so they are essentially losing money by not doing that.

mat_epice 4y ago

Let me tell you: $325k/yr is not enough to manage a debilitating health condition that requires constant care. For a creator of her size, patreon takes 12% right off the top. ($39k) In addition, there is a transaction fee of 2.9% + $0.30. ($9.5k + $32.5k = $42k) Then you have to pay taxes. Self employment taxes on $283k are $26.5k. Federal/state/local income taxes are $82k. 189k of your earnings are GONE. So, you’re at $135k takehome. Not $325k, but not bad, right?! Well, maybe, except this does not include any of the benefits of a traditional job. No health insurance, dental, retirement, etc. Hopefully, they have good health insurance, otherwise they are probably already close to bankrupt. If you’re wondering whether $135k takehome can support a couple through a catastrophic health issue like this long term, I have the personal experience to say that it can’t. I won’t elaborate further, but maybe someone else can.

trogdor 4y ago
Even assuming that your figures are correct, I am not sure how you can conclude that $135k/year take-home is insufficient to support a couple through a catastrophic health issue. She is apparently in her 30s. Same with me. I pay for an excellent Marketplace health insurance policy. My premium, annualized, is around $6,500, and my annual out-of-pocket maximum is $8,000. That’s $14,500 a year. Double that to liberally cover two people, and you’re still under $30k/year. How is $135k/year inadequate?
- aflag 4y ago
  Also worth noting that before the video was released she had a little less than 1k patreons and wasn't releasing new videos. So, she's probably been going through her savings for the past 6 months or so. She's not getting better any time soon either. So, this 9k number will probably decrease a lot in the following months.
  - trogdor 4y ago
    I’m not sure how that is relevant. My comment was a rebuttal to someone who argued that $135k/year in take-home is insufficient to support a couple - any couple - through a catastrophic health issue.

dharmab 4y ago

I had a serious, one-off injury in 2018 that would have wiped out about half of that if not for my employer sponsored care. US healthcare is extraordinarily expensive.

trogdor 4y ago
If you hadn’t had employer-sponsored healthcare, wouldn’t you have purchased health insurance through the Marketplace?
- dharmab 4y ago
  It's significantly more expensive with higher deductibles and copays and smaller networks.