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Old 05-04-2016, 11:27 AM   #36
shalym
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Quote:
Originally Posted by HarryT View Post
I really don't see that it's any different to the situation where, to pick an arbitrary example, I buy a house and leave it to my heirs. My heirs are benefiting from that property in precisely the same way that an author's heirs are benefiting from royalty income. Neither has done anything to earn it. Why would you make an arbitrary distinction between the two situatuon?
Because a house has to be maintained and the property tax needs to be paid on it.

Royalty income comes in whether you do anything or not.

Shari
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