Three on the economics of actors
February 03, 2012
All from the most recent issue of New York magazine.
"How Much Does an A-List Actor Make . . . and Spend?" Interesting and something I'll bet you won't hear our president complain about:
Payments don't go to the actor (or producer) but to a personal corporation subject to lower tax rates.
Effective average federal income tax rate on over $21 million in earnings: 19%.
"How Much It Costs to Send a Celebrity Down the Red Carpet". For Charlize Theron at the most recent Golden Globes: over $8 million.
"What Does It Cost to Look 19 When You’re . . ." Short answer: lots.