Re:Copyright is not a moral right, it's a monetization strategy
by ikekkdcjkfke on Friday December 29, 2023 @04:07PM
(#38810191)
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.
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Re:Copyright is not a moral right, it's a monetization strategy
by hef19898 on Friday December 29, 2023 @04:23PM
(#38810354)
Let me tell you a secret: revenue from royalities is taxed as income.
Re:Copyright is not a moral right, it's a monetization strategy
by johnnyanmac on Saturday December 30, 2023 @02:30PM
(#38818203)
I'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.