Lately, you may have noticed a lot of musicians selling off their music catalogs.
Twisted Sister’s Dee Snider — who has also sold his catalog — recently broke down WHY this is happening.
“Capital gains on a sale of property is like 15, 20%,” Snider said on the New Theory Podcast. “They give you 10 years’ worth of royalties in advance, or whatever that number is. When you do the math, you look at it and you go, ‘OK, I’m gonna save 30% on taxes.’”
Snider added that he “Can take this chunk of change and I can invest it and secure it and make it my retirement fund – which I did. So it goes from being a thing that comes in, and you’re getting half of it taken away by the government every six months, to a [deal that’s] guaranteed. ‘OK, I know I can work with this.’ So a lot of people are doing it for just that reason.”
