4 ms·
Even worse are pehaps pop-stars. Rappers in particular strike me as very prone to this. Its hard to create hit<album<multi platnum and then repeat. But if you d
by 001sky 13y ago
Even worse are pehaps pop-stars. Rappers in particular strike me as very prone to this. Its hard to create hit<album<multi platnum and then repeat. But if you don't repeat, you just average. And if you get rich quick, the tax hit is big. And the denominator grows by all those years you don't have breakout success...
- icambron 13y agoFortunately, they continue to earn royalties. You can certainly quibble about whether latest-hit-centric music culture makes that big enough to offset the upfront tax hit, and even whether they get a reasonable share of that residual revenue, but it's something.
- 001sky 13y agoThis is a good point, as for atheletes this option is less open to them. And in something like the NFL the career is much shorted that MLB. Only a very few will make concession revenues or have game royalties. Maybe some will become coaches or TV personalities, but that is likely a small number.