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Robert Fox, one of the show's producers, said that the production had taken several austerity measures in recent weeks, including deferred royalty payments, but that the downturn had been particularly sharp and sudden.
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They argued that Mr. Kushner and Ms. Tesori and Mr. Wolfe had all deferred royalties.
According to its Labor Department filings, the baseball union deferred distributing $150 million in royalties to players until after the strike.
Douglas Fairbanks, before whom the royalty of Europe deferred, was the true Houdini of the screen.
This includes income from all employment, housing allowances, living allowances, subsistence allowances, bonuses, royalties, settlements from clients, deferred compensation, alimony, child support, public assistance, rental income and gifts from family members or others.
The royalty payments due for the post-expiration period are by their terms for use during that period, and are not deferred payments for use during the pre-expiration period.
Not deferred.
"They were deferred.
Necessary maintenance was deferred.
More like deferred frustration.
But so are the incomes of movie actors, the royalties of authors and the prize winnings of golfers — none of which is treated as capital gains.This take on the subject echoes that of Harvard's Grew Mankiw who noted last week in a post on carried interest:Deferred compensation, even risky compensation, is still compensation, and it should be taxed as such.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com