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jeffa

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  • May 21st, 2015 @ 8:06am

    (untitled comment)

    So this question is not asked again, and people begin to understand the accounting a bit, a studio will form sub companies to perform various tasks in the making of the movie and you, the actor or whomever you are, are hired by the sub company (the bottom of the food chain). Your percent of the profits comes from a shell company that pays by design all the money to upstream companies. The IRS gets paid by the parent company, the top of the food chain, you get paid by the shell company, the bottom, so your 5% of the net profits will almost always be equal to $0 while the IRS gets paid by the parent all the money they are entitled. Get 5% of the gross and you have a chance or 5% of the money paid to the parent. Until that time, get your money upfront, that's all you're ever going to see - but you already know that.

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