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https://www.salary.com/research/salary/benchmark/artist-salary
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Artist in the United States. The base salary for Artist ranges from $47,708 to $65,275 with the average base salary of $56,172. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $48,346 to $68,030 with the average total cash …
https://voidacademy.com/a-simple-tax-guide-for-artists/
Jan 31, 2018 · You make some money on your artwork, but a lot of the time it’s not much and goes straight back into making more art. If you made $3,000 on your art the whole year and made no profit on it, meaning the expenses to make the art were either $3,000 or more (which would put you at a loss), this would qualify in the eyes of the IRS as a hobby.
https://www.musicindustryhowto.com/music-artists-income-breakdown-how-do-musicians-really-make-their-money/
Dec 29, 2020 · An article from TorrentFreak indicates that the top eight revenue streams for musicians are (5,000 artists were surveyed): Touring, shows, or live performance fees. Live performance accounts for 28% of an average musician’s income, and is the... Teaching. Teaching accounts for …
https://musicindustryblog.wordpress.com/2021/01/29/equitable-remuneration-artist-income-and-unintended-consequences/
Jan 29, 2021 · The starting point for ER is the premise that most artists do not make enough money from streaming. It is tempting to look at Spotify’s 43,000 artists that account for 90% of its plays as evidence that the pool of high-earning artists is becoming sizeable. Indeed, the implied average income for these artists was around $100,000 in 2020.
https://www.artsy.net/article/artsy-editorial-7-things-artists-filing-taxes
Mar 19, 2019 · And if you’re an artist, filing your income taxes is probably not so straightforward. Like other professionals who work in a freelance capacity, artists typically earn untaxed income that they must report to the IRS—and if the artist had a clear intent to make …
https://www.digitalmusicnews.com/2017/07/17/artists-touring-revenue/
Jul 17, 2017 · Beyonce: 88%. Beyonce took the top crown as the highest-grossing artist of 2016. She earned a whopping $62.1 million. From sales alone, she earned $4.3 million. $1.9 million came in …
https://www.artworkarchive.com/blog/six-ways-artists-can-create-passive-income
Art licensing. Art licensing pairs your art with companies who put your works on objects, then you earn you royalties from sales. Could passive income get any more passive? Similar to art merchandising, when you license your art you’re not selling originals. You’re allowing your images to be used on commercial products.
https://www.sapling.com/5758646/file-taxes-artist
Nolo.com notes that potential business expenses for artists include: Mileage expense for business travel, to visit classes or galleries, or to pick up art supplies. Half of meal or entertainment expenses incurred for business purposes. Rent paid to art galleries. A home office deduction if you ...
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