Christopher Tolkien: kill HOBBIT film - The Barrow-Downs Discussion Forum

Sauron the White · 06-02-2008, 07:58 PM

While not being a tax accountant or attorney, I do know this much: you never have to pay income tax unless you first generate the income. JRRT - God bless him - generated lots of income. He took the profit sharing checks and cashed them and spent them. And then the tax came due and surprise surprise - no money was left. I do not think he was all by himself in that line.

There is a certain conservative element in todays politics who bring up the word TAXES as if it is the filthiest profanity one can utter. They use it like a broadsword making you think they are wielding a weapon from God fighting against all types of sinful governmental behavior.

JRRT had to pay his taxes because of income earned from the books. He apparently did not put aside the money and instead had to generate new income so he sold the film rights. Thats the way life works - for him and the rest of us. At least he had some film rights to sell.

06-02-2008, 07:58 PM	#22
Sauron the White Ghost Prince of Cardolan Join Date: Mar 2007 Posts: 903	While not being a tax accountant or attorney, I do know this much: you never have to pay income tax unless you first generate the income. JRRT - God bless him - generated lots of income. He took the profit sharing checks and cashed them and spent them. And then the tax came due and surprise surprise - no money was left. I do not think he was all by himself in that line. There is a certain conservative element in todays politics who bring up the word TAXES as if it is the filthiest profanity one can utter. They use it like a broadsword making you think they are wielding a weapon from God fighting against all types of sinful governmental behavior. JRRT had to pay his taxes because of income earned from the books. He apparently did not put aside the money and instead had to generate new income so he sold the film rights. Thats the way life works - for him and the rest of us. At least he had some film rights to sell.