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Lobby General Discussion topic #12814522

Subject: "what would you want to see happen to the money earned by child stars?" Previous topic | Next topic
BigJazz
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24443 posts
Tue May-26-15 12:22 PM

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"what would you want to see happen to the money earned by child stars?"


  

          

for the sake of discussion, say a kid got in the business in kindergarten and worked steadily every year up until they turned 18. in that time span, they earned roughly $13 million after taxes.

the kid's parents didn't hold down regular jobs while this was going on. they hung out with the kid and looked after him. another person held the title of manager and got the kid gigs. another person served as the accountant and kept the books. while an entirely separate person gave legal counsel.

of that $13 mil after taxes, what shoulda happened to the money? how much to spend on lifestyle? how much, if any, should be sitting there waiting for the kid once they turn 18? how much should the parents have taken, if any, for watching over the kid during their career?




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I'm tryna be better off, not better than...

  

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what would you want to see happen to the money earned by child stars? [View all] , BigJazz, Tue May-26-15 12:22 PM
 
Subject Author Message Date ID
doesnt' 15% automatically go into a trust fund for child actors?
May 26th 2015
1
yes, in four states:
May 26th 2015
2
i was gonna say trust fund, but maybe a higher percentage.
May 26th 2015
3
Hmm, this is tough
May 26th 2015
4
Finance, taxes, and money management should be required
May 26th 2015
5
if you had a million before 18 you wouldnt try and learn money mgmt eith...
May 26th 2015
8
      he be like this: https://www.youtube.com/watch?v=lFXHaai3srA
May 26th 2015
9
there should be at least 8 million in a trust
May 26th 2015
6
The parents should be treated like spouse or a child are in a divorce
May 26th 2015
7

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