Deegeeps Posted June 17, 2011 Share Posted June 17, 2011 http://blogs.forbes.com/zackomalleygreenburg/2011/06/15/the-worlds-highest-paid-musicians/ They earned it Link to comment Share on other sites More sharing options...
Spectrum IV Posted June 17, 2011 Share Posted June 17, 2011 Well Muse aren't mentioned in that article, and they're a fair few clicks into the list... so to save everyone the time: http://www.forbes.com/pictures/eeel45ehmg/18-muse-35-million-tie They're in a five-way tie with AC/DC, P Diddy, Beyoncé and Tim McGraw. Link to comment Share on other sites More sharing options...
Marinator Posted June 17, 2011 Share Posted June 17, 2011 Who the fuck is Tim McGraw? Link to comment Share on other sites More sharing options...
Gareeh Posted June 17, 2011 Share Posted June 17, 2011 why are the BEP in between Sir Paul and The Eagles, it's just insulting Link to comment Share on other sites More sharing options...
Dispatch Absolution Posted June 17, 2011 Share Posted June 17, 2011 "You have to take every opportunity ... and sometimes you have to sell your soul." nice little part of the sentence they had describing them Link to comment Share on other sites More sharing options...
Raiko Posted June 18, 2011 Share Posted June 18, 2011 In that context, it almost sounds like Chris is attacking the band. Link to comment Share on other sites More sharing options...
drawakangaroo Posted June 18, 2011 Share Posted June 18, 2011 So they quote Chris and don't even have him in the picture? Link to comment Share on other sites More sharing options...
paemchen Posted June 18, 2011 Share Posted June 18, 2011 Who the fuck is Tim McGraw? He's a country singer. I wonder why they bothered with the quote. It's pretty old. Link to comment Share on other sites More sharing options...
muse samuse Posted June 19, 2011 Share Posted June 19, 2011 http://www.billboard.com/#/news/u2-bon-jovi-lead-forbes-list-of-25-highest-1005239182.story According to Forbes, the numbers encompass all pretax income (touring, record sales/downloads/streaming, royalties/licensing fees, publishing, merchandise sales, endorsements/sponsorships) earned by musicians from May 2010 to May 2011, before subtracting agent and manager fees which typically average 15-20% of an artist's earnings. Also, the UK recently introduced a 50% personal income tax rate for those earning more than £150,000. Ouch!! For foreign artists touring the USA the IRS will withhold 30% of their gross income unless they have a CWA. Link to comment Share on other sites More sharing options...
bunerz Posted June 19, 2011 Share Posted June 19, 2011 http://www.billboard.com/#/news/u2-bon-jovi-lead-forbes-list-of-25-highest-1005239182.story According to Forbes, the numbers encompass all pretax income (touring, record sales/downloads/streaming, royalties/licensing fees, publishing, merchandise sales, endorsements/sponsorships) earned by musicians from May 2010 to May 2011, before subtracting agent and manager fees which typically average 15-20% of an artist's earnings. Also, the UK recently introduced a 50% personal income tax rate for those earning more than £150,000. Ouch!! For foreign artists touring the USA the IRS will withhold 30% of their gross income unless they have a CWA. What's a CWA? Link to comment Share on other sites More sharing options...
Caff Posted June 20, 2011 Share Posted June 20, 2011 It's only the money you earn above the threshold that is taxed at 50% here. Don't fall for the propaganda from the rich that gives off the impression they lose half their income in tax! Link to comment Share on other sites More sharing options...
muse samuse Posted June 20, 2011 Share Posted June 20, 2011 What's a CWA? The Central Withholding Agreement (CWA) is a contract between the IRS, the foreign artist, and a designated "withholding agent." The withholding agent may be the artist's agent or manager, a presenter, an accountant, or anyone else who is independent of the artist and is acceptable both to the artist and the IRS. If the artist obtains a CWA, the IRS will estimate the actual tax that the artist will owe on the tour or series of events, and this is the amount withheld from the artist's income - as opposed to withholding 30% of the artist's gross income. Because an artist may deduct certain business expenses from his or her taxable income, and because the artist will be taxed at graduated rates (which are often less than 30%), the CWA will likely reduce substantially the amount to be withheld from the artist's payments and improve the artist's cash flow. Foreign artists who wish to obtain a CWA must submit certain information and documents concerning their U.S. performances to the IRS, including contracts for all engagements and a budget for the U.S. performances. Using the information provided, the IRS estimates the artist's actual tax liability for the U.S. income earned. Please note the appropriate tax treatment for any particular artist is extremely fact-specific, depending on the artist's country of residence, the amount of money earned by the artist in the U.S., and the artist's status as an "individual" or "business" for tax purposes. Link to comment Share on other sites More sharing options...
muse samuse Posted June 20, 2011 Share Posted June 20, 2011 It's only the money you earn above the threshold that is taxed at 50% here. Don't fall for the propaganda from the rich that gives off the impression they lose half their income in tax! I agree, the rich have nothing to complain about. They are doing extremely well in the USA, too. The top personal income tax rate today is only 35%. It was as high as 90% back in the 1950's. In fact, the upper 1 percent of Americans are now taking in nearly a quarter of the nation’s income every year. In terms of wealth rather than income, the top 1 percent control 40 percent. Link to comment Share on other sites More sharing options...
Dramatic Hammer Posted June 20, 2011 Share Posted June 20, 2011 It's only the money you earn above the threshold that is taxed at 50% here. Don't fall for the propaganda from the rich that gives off the impression they lose half their income in tax! Well it is effectively half when you get into multi-millions... Link to comment Share on other sites More sharing options...
binarysonnets Posted June 21, 2011 Share Posted June 21, 2011 to be fair, even if you were a multi millionaire who lost half your money in taxes you'd still have a lot of fucking money. Link to comment Share on other sites More sharing options...
supernova14 Posted June 21, 2011 Share Posted June 21, 2011 to be fair, even if you were a multi millionaire who lost half your money in taxes you'd still have a lot of fucking money. True. Link to comment Share on other sites More sharing options...
dianamc Posted June 21, 2011 Share Posted June 21, 2011 Muse have had a hard struggle to get where they are now and I think they put a lot of their money back into their sets and live shows, The rest they keep, they jolly well deserve it. Muse Ftw!!!!! Link to comment Share on other sites More sharing options...
dead-duck Posted June 25, 2011 Share Posted June 25, 2011 Well Muse aren't mentioned in that article, and they're a fair few clicks into the list... so to save everyone the time: http://www.forbes.com/pictures/eeel45ehmg/18-muse-35-million-tie They're in a five-way tie with AC/DC, P Diddy, Beyoncé and Tim McGraw. "18. Tim McGraw ($35 million, tie) A jack of all trades, McGraw made big bucks in 2010 despite his label's decision to delay his new album. In addition to a lucrative tour, McGraw starred in Country Strong with Gwyneth Paltrow and his line of cologne is among the best selling celebrity scents. " For some reason, I lol'd so hard at that... Link to comment Share on other sites More sharing options...
Novus Dies Posted June 26, 2011 Share Posted June 26, 2011 "18. Tim mcgraw ($35 million, tie)Â a jack of all trades, mcgraw made big bucks in 2010 despite his label's decision to delay his new album. In addition to a lucrative tour, mcgraw starred in country strong with gwyneth paltrow and his line of cologne is among the best selling celebrity scents. " Â for some reason, i lol'd so hard at that... Â i sniffed himmamd he smell Link to comment Share on other sites More sharing options...
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