This is why it’s fun to work in a creative field: the tax codes is even more kerflooey when your income varies a lot.
Taxes are particularly unfair in Hollywood. You may hardly work for years – ahem! – then sell something for a big score. The government taxes you at the highest rate, as if you’d been sweeping in the long green the whole time.
Considering that you’re taxed pretty much on every transaction plus state, local and federal taxes, in addition to tax on interest, property, phone/Internet and capital gains taxes, I can only assert we’re gagging in taxes. Having worked for the federal government, I can assure you its not being spent wisely. Just spent.
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