Quote:
Originally Posted by anamardoll
Um, no. It's a lot more complicated than that. Not everyone can easily pick up and move from their current residence, from their family, from their home, from their under-paying but still paying job. Especially not when unemployment levels are what they are.
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I wasn't talking about moving far away. I was talking about moving to a cheaper place in the same city.
Quote:
Originally Posted by BearMountainBooks
Topic at hand. Lots of people live on 25 a year. The trouble is that the VAST majority of authors do NOT make a 25k advance per year. 50k is even more rare (check the blog of Harry Connolly who got about a 75k advance--but didn't earn out. So the series was cancelled.) Writing/publishing for most authors is "supplemental." If I get a 25k advance, and earn out, and publish a book a year, I'm really only likely to be taking home: 17.5k. (15 percent SS and 15 percent Agent, because in deals like that, an agent is usually involved.) Now I've got to repeat that year after year until some of the backlist sales are paid out (6 months to a year after they happen.) Heathcare on 17.5k? I better be careful out there and not get sick. Retirement plan? I better just work until I die.
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I thought that the healthcare and the retirement plan are part of the Social Security tax.