Taraji P. Henson says she's still not being paid fairly in Hollywood

[hewontgo]

Taraji P. Henson says she's still not being paid fairly in Hollywood: "I’m just supposed to smile and grin and bear it. Enough is enough!"

"Every time I break another glass ceiling, when it’s time to renegotiate I’m at the bottom again like I never did what I just did and I’m… pic.twitter.com/4faAlm6xTP
- Zack Sharf (@ZSharf) December 20, 2023
Taraji

Comments

[adb7]

This shit is infuriating, and it's across all industries.

[just444]

most actors, even the big ones, take home way less than people think. even worse for WOC like her that get lowballed all the time

[squirrels_oh_no]

I know many an ONTD fave have side gigs, or spouses working outside the industry who are keeping families afloat. Acting doesn't pay what people think it does, and ofc it's worse for WOC. It's like a very low percentage of SAG-AFTRA making the big bucks and the rest are middle class or worse.

[scheisse]

is her accountant telling her she needs to pay 50% in taxes? this is the second time she has said that and i'm starting to think someone is scamming her lol.

[sisterruth]

So I guess she's confusing marginal versus effective tax rates, but given California's top marginal tax rate is really high, the marginal rates do combine to close to 50%. I think the effective is like 10-12% lower. But I'll admit I'm horrible with taxes.

[floatinglately]

are actors 1099 workers? because freelance taxes are a higher percentage of income marked as going towards you than w-2 taxes because you have to pay the employer portion of some federal
stuff.

i’ve been using this calculator ( https://www.keepertax.com/1099-tax-calculator ) to estimate quarterly taxes as a freelancer and when i put in a yearly income of 1 million in california it came back with 452k in taxes. at 5 million it was over 50% actually (more than 2.5 million). i assume there are breaks and stuff to be found once you sit down with an actual accountant if you’re that rich but it’s definitely a lot.

[sisterruth]

There's a way to save tax by creating an entity to sell/loan out the actor's services. Production pays the LLC the contracted amount, and the actor, as an individual, is paid an income out of the contractual payment. Unreimbursed expenses from when the actor is working on a project (because they're not always reimbursed by production) can be deducted on the LLC's tax return.

[pseudonygma]

I feel for her. That Actor-On-Actor interview she did with Ellen Pompeo will never not be infuriating.

She talks about it here, OP. Feel free to add it to your post:

[murdertheopera]

everybody wants the pay out from the culture but don't want anything to do with everything else