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- Dec 13, 2003
Have/Do any of you follow proposed bills in Congress? Well there is a bill that just passed the judicial committee that proposes a tax to close copyright loopholes that allowed radio stations to earn money without compensating artist. As a result of the bill (if passed) it will cause radio stations to pay asignificant tax (for some stations upwards a Million dollars a month!!!). Of course it will hurt black radio the most because it is a smaller market to beginwith. Is this fair? Or just another underhanded way to stifle "our" voice?
By the way, the tax revenue would be split 50/50 by record labels and artist. Ie: $500 Million in tax revenue. 6 major record labels(5 of which are foreign and1 is domestic, I believe this is accurate) will get 250 mil a piece and the other 250 mil will be split between all of the artist (which range between themainstream artist all the way down to the drummer or background vocalist on the track; equally to more than 10,000 of artist that must split a 250 mil cut).This tax is supposed to help the artist, but it seems as if they are still getting screwed.
Thoughts? Discuss.
**EDIT** BTW, I posted this in music forum, but I thought it would be received better here because of the high traffic volume and social aspects of thread.
By the way, the tax revenue would be split 50/50 by record labels and artist. Ie: $500 Million in tax revenue. 6 major record labels(5 of which are foreign and1 is domestic, I believe this is accurate) will get 250 mil a piece and the other 250 mil will be split between all of the artist (which range between themainstream artist all the way down to the drummer or background vocalist on the track; equally to more than 10,000 of artist that must split a 250 mil cut).This tax is supposed to help the artist, but it seems as if they are still getting screwed.
Thoughts? Discuss.
**EDIT** BTW, I posted this in music forum, but I thought it would be received better here because of the high traffic volume and social aspects of thread.