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If there is no copyright there is an incentive to monetize it as much as possible and provide as much service back to the public as possible. If there exists co
by ikekkdcjkfke 3y ago
If there is no copyright there is an incentive to monetize it as much as possible and provide as much service back to the public as possible. If there exists copyright then it should be taxed as property tax.
- hef19898 3y agoLet me tell you a secret: revenue from royalities is taxed as income.
- johnnyanmac 3y agoI'm no financial expert, but Googling copyright tax lead me to this: > In general, copyrights and patents generate royalty income reported on Schedule E, Supplemental Income and Loss, unless it is characterized as business income reported on Schedule C, Profit or Loss From Business (Sole Proprietorship). However, who owns the intellectual property, i.e., the creator or the party who requested its development, also determines the type of income reported. The proper classification of royalties also affects the recipient’s tax liability in other ways, including self-employment tax, investment interest deduction limitations, and the new 3.8% net investment income tax on unearned income. Seems like that is already the case.