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No it also hurts small developers that need funding. Publishers and investors work on a hit model, giving advances to lots of small projects in the hopes that
by cma 3y ago
No it also hurts small developers that need funding. Publishers and investors work on a hit model, giving advances to lots of small projects in the hopes that they have a hit. If all hits at taxed at 30%, then the available funding for everyone goes down.
If the government added an additional 50% tax on books that sold over a million copies, it would affect funding for many more authors than the ones with books over the threshold.
- dann0 3y agoLuckily, small developers are unlikely to reach the $1m pa to qualify for the 30% fee. They’ll be subject to 15%.
- cma 3y agoReread, I wrote about small developers getting way less funding, because the successful ones that grow into big companies fund the rest of the investors' portfolios, similar to all other publishing.