A-List Salary Secrets

[FilmBoy77]

probably not a big secret as it seems to most of us but an interesting article on how much an A-Lister takes home after taxes everybody else is paid. read this short article (http://news.yahoo.com/s/eonline/20080905/en_movies_eo/27470)

[vongspoth]

10%? Ouch!

[ConspiracyPenguin]

Whoa. Not that 1m is a small amount, but compared to the original price...

[Will Clegg]

That article isn't quite accurate. The actor is not paying taxes on the gross amount ($12.5 million), he's paying taxes on the net amount that actually goes to him, which is just less than $8 million, if this is to be believed.

One of the largest chunks aside from taxes is the 15% that his "manager or attorney might take." Even if that is true, it still leaves the actor with approximately $3.75 million after taxes, which is 30% of the gross amount. And that's not bad when you are paying so many people to do your business (and your cooking, and your shopping, etc) for you.

[metro2307]

Downey is sure to hit the 38% tax bracket for the Feds, but I have no idea where he files for state. That makes a huge difference as well. But I find it hard to believe that his tax attorney doesn't itemize and get plenty of deductions.