Actors Equity Study Determines Potential Effect of New Tax Bill on the Industry
A new tax bill has been agreed on by congressional Republicans that will eliminate middle-class tax deductions for agent and manager commissions, union dues, training classes, and other business expenses, while protecting the more top-earning talent by leaving loan-out corporations unaffected. As Hollywood Reporter reports, what this means is that some working actors may see their taxes quadruple, according to an ana…