| re: Sometimes, things I read here sound too good to be true, but in this case... | |
| Posted by: ryhog 12:01 pm EDT 07/03/24 | |
| In reply to: re: Sometimes, things I read here sound too good to be true, but in this case... - Ann 07:04 am EDT 07/03/24 | |
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| I admit that I was angered by the misinformation, leading to my harshness. I did not know he is an actor (in NYC?) but I don't think that makes errors vanish. I cannot edit what I wrote any longer, but below I will provide a toned down version below. (If you want, feel free to substitute it for the original if it doesn't mess up the continuity of the thread.) I continue to believe that there can be damage caused by misinformation, but I also believe I went overboard. I regret to tell you, but my math is perfect. I did not make up what I posted. I am lazy so I called a friend who makes a living running theatrical payroll in NYC. I gave him the same attributes I listed in my post, which were chosen to show the worst case scenario. So for instance, I had it run for a single person taking a standard deduction because that is more costly than a married person with dependents. SS, medicare and a number of other deductions (including the dues) were included. Unemployment (both state and federal) are pretty minimal, but they are also paid by the employer, not the employee. For what you call commissions (I call them fees), I again used the worst case scenario, not your 20% figure but 25%. The result is that, even based on my worst case version, your weekly net is off by almost 100%. What is most unexpected is that you suggest that one needs a quarter of million dollars to live here. That would come as a great to most actors, even those working on Broadway. Let me offer a suggestion. If you are truly interested in this subject, take a few minutes to learn about how a "salary" becomes a paycheck. You should not have trouble finding calculators or formulas on line for every line item in a payroll so you can actually do you own math. The cast is great; the show is great. They deserve what they are getting. But it is important to be accurate. Someone sitting in mid-America whose dream is to be an actor in NYC may decide to give up their dream if they believe it is not viable. That would be a shame. |
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| Previous: | re: Sometimes, things I read here sound too good to be true, but in this case... - Ann 07:04 am EDT 07/03/24 |
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