ST Alpha - "Treat me like I'm dumb and explain to me why this is bad. -- nm" (Reading a Post)

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In response to "i guess the note behind the note is EDD (the unemployment office) really didn't like the way some entertainment folks were using their loan-outs -- (link)" by hollywood big shot

Treat me like I'm dumb and explain to me why this is bad. -- nm

Posted by Mop🧹 (aka rburriel) May 24 '24, 22:42

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Responses:

i believe most distributions to the principal previously were treated essentially as capital gains and taxed but not generally subject to withholdings -- (link) - hollywood big shot May 24, 22:50 4
- like for example, Keanu's next $20m John Wick deal would now, in theory, be treated like any schmuck's bi-weekly paycheck at work -- nm - hollywood big shot May 24, 22:53 3
  - That seems like a gross misinterpretation of the ruling. - Mop🧹 May 24, 23:22 2
    - there was concern at the time the gig worker law was passed that it could be applied to loan outs, which the guilds assured membership it wouldn't -- (link) - hollywood big shot May 24, 23:31 1
      - and that may still yet end up being the case but . . . screenwriter twitter isn't sleeping easy tonight based on their collective "uh EDD said wut now?" -- nm* - hollywood big shot May 24, 23:33

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