Louis C.K's $5 Stand-Up Special Tops $1 Million | Hacker News Reader

Louis C.K's $5 Stand-Up Special Tops $1 Million

thenextweb.com

14 pointsevo_97 comments

  I never viewed money as being "my money" I always saw it
  as "The money" It's a resource. if it pools up around me
  then it needs to be flushed back out into the system.

Awesome thought.

I liked that he posted a screenshot of the paypal account, it makes it a lot more personal.

If I had a Paypal account with that kind of balance, I'd have a knot of fear in my stomach, thinking Ebay would come up with some phoney excuse to appropriate it.

How do taxes work on this? Does he have a corp that takes the income and has employees and is making a charity donation, and then he is taking a salary that will then be taxed?

I assume the production costs will be written off. I assume the bonuses will be written off as income for his crew. I assume the charity will be a write off. At the end of the day, he's probably going to get taxed off the remainder, which after all the write-offs, probably won't be much left.

Although again, I assume...

The success of Facebook, Twitter, Dropbox, Square, and others has set a great example for the hacker community and prospecting college graduates to abandon the old corporate job mentality and pursue an independence through a startup. Louis C.K's success will hopefully do the same for the artist community.

I'd really like to see the response curve here so i can do a time series regression with using reddit/hn/interviews as dummies and see how it fits :)

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