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Author Topic: Adobe Stock Upfront Royalty Payment Opportunity  (Read 39536 times)

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« Reply #200 on: June 19, 2021, 11:59 »
+2
Yes, this is taxable income just like any other payment into your contributor account. The actual rate you pay depends on your individual situation.

-Mat

Thank you, this makes it much less appealing.

Personally, 30% less for me (3.5$ per image) means that I won't be utilizing this opportunity.

I think that Adobe could have made it more clear in the description of the program. Not a lot of contributors will go to an obscure forum and read 10 pages of a thread to find that info. Not a good move.
« Last Edit: June 19, 2021, 12:12 by spike »


shutterview

« Reply #201 on: June 19, 2021, 13:04 »
+1
I agree with Spike. On average our earnings are reduced 10-15% (talking about non treaty countries contributors - receiving 30% less on US sales), because there is a mix of US and non US sales.
So this is one more reason not to participate, because these same files will see 10-15% deduction sold via regular channels instead of 30% participating in this. So, it is not 5$, it is 3.5$, plus taxes in our countries. I pay additional 20% in my country, which is 2.8$ then. Plus, transaction fees (ripped of by PayPal and Payoneer by 2-4%) which is additional, plus production costs, it is more like 2$ in the best case scenario, not 5$ :( This job is becoming unsustainable.

« Reply #202 on: June 19, 2021, 14:10 »
0
I took a quick look and it appears that photographs downloaded between 1 and 3 times are eligible - is that correct? (I have one that was downloaded 4x but has the nominate button too - guess it may've been downloaded recently).

How does nominating our images for this collection effect the required 150 downloads needed for the year to qualify for the free Adobe CC subscription?

I've had quite a few $3-4 downloads lately and one for $23 last month, so I'm on the fence, but it's nice that you've opened this up as it's an interesting option. May was a really good month for me Adobe, my best ever in fact, despite having not uploaded in months due to an unfortunate reaction to the Covid vaccine which has left me with terrible vertigo. Hoping with PT it will go away but it will probably take several months. So this is a more attractive offer than it would normally be.

Images may be eligible if they have had 4 or less downloads in the past 12 months. Your post is an emotional rollercoaster. Very pleased to see you had such a great May at Adobe Stock and I'm sorry to hear about your adverse reaction.

I hope you recover quickly!

Mat Hayward

Thanks Mat. Been missing the discussion on Discord. It was heartening to have a good May at Adobe when I spent most of it in bed. Be well.

« Reply #203 on: June 19, 2021, 19:11 »
+1
... Is the 5$ payment subject to withholding tax or not?

That's a difference between 5$ and 3.5$ per asset (assuming 30% rate), which is quite substantial.

Please share info before nomination deadline

that's between you and the IRS (insert other tax agency) - ALL income is subject to 'withholding' & no one pays 30% in the US

anyway , in the US, the highest rate is 24% and that's only for income over $80,000.(extremely low by international standards!!)  eg, it's only 12% for any income from $9,876 to $40,125 (10% for less than that).  So if you make $81,000 you're only paying 24% on $1,000
« Last Edit: June 19, 2021, 19:27 by cascoly »

« Reply #204 on: June 19, 2021, 19:12 »
+3
Yes, this is taxable income just like any other payment into your contributor account. The actual rate you pay depends on your individual situation.

-Mat

Thank you, this makes it much less appealing.

Personally, 30% less for me (3.5$ per image) means that I won't be utilizing this opportunity.

I think that Adobe could have made it more clear in the description of the program. Not a lot of contributors will go to an obscure forum and read 10 pages of a thread to find that info. Not a good move.

it's not up to AS to do your taxes

« Reply #205 on: June 19, 2021, 19:26 »
+1
.....
Another factor: by selecting high quality images for the free section, you basically "teach" customers that also high quality images are available for free, so we're all lowering our own bars here and raising the customer expectation's bar. They already have their images dirt cheap, now they also have an increasingly growing number of quality images for free and that expectation is not gonna go away after one year.   ...


people are treating this as if it's either/or -- the trend of the market is clear and that's not going to change by your choice wrt the Adobe option - prices for these commodities will continue to decline, and 'free' will become more common no matter what you decide.  the real decision is whether to get something for low-performing images as income from microstock continues its trend downward. 

« Reply #206 on: June 19, 2021, 20:49 »
+1
Quote from: cascoly
the real decision is whether to get something for low-performing images as income from microstock continues its trend downward.

You make a very good point there, Steve.

When I look at the images AS has "nominated" from my portfolio, "low-performing" is a pretty accurate description of most of them.

I've decided to accept this offer, with just a few removed from the "nominees" list for personal reasons that have nothing to do with their "performance" in stock. In some cases, they were just so danged hard to get, or such remarkably lucky captures, that I really don't want to give them away, no matter how well they tend to "perform" on this one stock site or any others.

« Reply #207 on: June 20, 2021, 00:27 »
+1
no one pays 30% in the US

I love people who are so confident and so wrong at the same time

I'm a nonresident alien living in the USA and I definitely pay 30% withholding. Also, because there is no tax treaty between my home country and the US, I also need to pay taxes in my home country.

So, in total, it's more than 30%, and closer to 50%

But that's besides the point. You said that no one pays 30% in the US, and that's just wrong. You're welcome.

« Reply #208 on: June 20, 2021, 00:31 »
+3
it's not up to AS to do your taxes

Nobody said it's up to AS to do my taxes. But it is up to AS to inform the contributors if the licenses will be counted as US source income or not.
« Last Edit: June 20, 2021, 00:34 by spike »

« Reply #209 on: June 20, 2021, 01:50 »
+1
... Is the 5$ payment subject to withholding tax or not?

That's a difference between 5$ and 3.5$ per asset (assuming 30% rate), which is quite substantial.

Please share info before nomination deadline

that's between you and the IRS (insert other tax agency) - ALL income is subject to 'withholding' & no one pays 30% in the US

anyway , in the US, the highest rate is 24% and that's only for income over $80,000.(extremely low by international standards!!)  eg, it's only 12% for any income from $9,876 to $40,125 (10% for less than that).  So if you make $81,000 you're only paying 24% on $1,000
The question was for non US residents who are paying their taxes in their own country and are paying extra to the IRS.


It's not up to AS to do your taxes but it should be up to AS to provide a tax form for taxes payed (IRS) for images sold in the US. SS and other agencies do that in order to avoid double taxation.

This was a rightful question and it has nothing to do with how much taxes do Americans pay, who cares?

shutterview

« Reply #210 on: June 20, 2021, 02:35 »
+2
... Is the 5$ payment subject to withholding tax or not?

That's a difference between 5$ and 3.5$ per asset (assuming 30% rate), which is quite substantial.

Please share info before nomination deadline

that's between you and the IRS (insert other tax agency) - ALL income is subject to 'withholding' & no one pays 30% in the US

anyway , in the US, the highest rate is 24% and that's only for income over $80,000.(extremely low by international standards!!)  eg, it's only 12% for any income from $9,876 to $40,125 (10% for less than that).  So if you make $81,000 you're only paying 24% on $1,000
OMG, you are preaching about something you don't have slightest clue about. Don't make a fool of yourself. Every contributor coming from non treaty country is subject to withholding amount ranging from 10 - 30%, many of us 30%. It is additional pre tax withholding for every sale made in US.

« Reply #211 on: June 20, 2021, 04:01 »
+2
No chance in hell I am going to ruin some of my bestsellers by offering them for free. If it's worth it for you, then good for you, take the offer. But for me it's a question of "Do you want 500$ for that image or 5$"? And that's not a hard choice for me. I have nominated a few images that don't sell well anywhere. In these cases 5$ is better than 0$. Doubt Adobe will pick them in the end. But I am not going to give away any image that sells regularly for me on other agencies for free for a meager 5$.

I don't know your port but I am convinced that $500 for an image these days is more like a fantasy even for the best contributors.
I am not for giving away anything for free but I understand that for a contributor with say 10k images caching in $1k upfront for 200 images that just sit there for many years is a good choice. In a few years, not so many, we will be proud and thankful if someone chooses them for free.

After all, nobody is forced to do anything they don't want to.
I would guess a fairly typical serious contributor would have around 3,000 images at $500 per annum they would be making $1.5m dollars ;-). Even $50 per image is a very high estimate for most  I would say.

« Reply #212 on: June 20, 2021, 04:50 »
+1
No chance in hell I am going to ruin some of my bestsellers by offering them for free. If it's worth it for you, then good for you, take the offer. But for me it's a question of "Do you want 500$ for that image or 5$"? And that's not a hard choice for me. I have nominated a few images that don't sell well anywhere. In these cases 5$ is better than 0$. Doubt Adobe will pick them in the end. But I am not going to give away any image that sells regularly for me on other agencies for free for a meager 5$.

I don't know your port but I am convinced that $500 for an image these days is more like a fantasy even for the best contributors.
I am not for giving away anything for free but I understand that for a contributor with say 10k images caching in $1k upfront for 200 images that just sit there for many years is a good choice. In a few years, not so many, we will be proud and thankful if someone chooses them for free.

After all, nobody is forced to do anything they don't want to.
I would guess a fairly typical serious contributor would have around 3,000 images at $500 per annum they would be making $1.5m dollars ;-). Even $50 per image is a very high estimate for most  I would say.

Before there is even more misunderstanding of what I wrote: I neither talked about havng individual sales for $500 per image, nor about having an average sale price of $500 per image per year in my port. I'd be indeed a millionaire if that was the case. I am, very abviously, not.
But I have some images in my ports that sell regularly and that, all sales and agencies combined, can earn me such sums within a year and Adobe has managed to select quite many of such images, just because they are the odd one out that fail to sell these images well for me. And, as said, there is no way in hell I am going to give away these images for 5$.

I hope that was phrased clear enough now. (Sorry, English is not my first language)

Clair Voyant

« Reply #213 on: June 20, 2021, 12:24 »
+2
I love it when forum specialists rant on about the US taxation system on a forum that has nothing to do with the IRS.

« Reply #214 on: June 20, 2021, 16:50 »
+3
it's not up to AS to do your taxes

Nobody said it's up to AS to do my taxes. But it is up to AS to inform the contributors if the licenses will be counted as US source income or not.
AS doesnt know your situation, so it's your duty, not theirs

wds

« Reply #215 on: June 20, 2021, 17:00 »
0
I love it when forum specialists rant on about the US taxation system on a forum that has nothing to do with the IRS.

...but it does:  Interested in Royalties for Stock

« Reply #216 on: June 21, 2021, 09:52 »
+4
it's not up to AS to do your taxes

Nobody said it's up to AS to do my taxes. But it is up to AS to inform the contributors if the licenses will be counted as US source income or not.
AS doesnt know your situation, so it's your duty, not theirs

Lol.

No, it's their duty to tell me if a certain license is U.S. source income or not.

That's not something that I can find out on my own.

« Reply #217 on: June 22, 2021, 06:42 »
0
Can't find  was there an answer on question about, how free downloads affects image search rank?
« Last Edit: June 22, 2021, 07:13 by GooDween »

« Reply #218 on: June 22, 2021, 21:12 »
+6
Tomorrow is the big day! I cleared out a corner in my closet to stack the five dollar bills in. If it's too small I will just shove them under the bed until I can get to them. Good Luck everybody!

« Reply #219 on: June 22, 2021, 21:45 »
+6
I hope its quick.  I have a big Home Depot bill, lol.

« Reply #220 on: June 22, 2021, 22:22 »
+2
Tomorrow is the big day! I cleared out a corner in my closet to stack the five dollar bills in.

LOL!!

« Reply #221 on: June 23, 2021, 06:11 »
+1
Nothing's happening, where's my money?  8)

« Reply #222 on: June 23, 2021, 06:29 »
+2
Please update as soon as someone gets their funds....  :-X

« Reply #223 on: June 23, 2021, 07:00 »
+3
Any minute now an armored van will pull up in front of my house and bring me a bag of money from Adobe, lol...  ;D

« Reply #224 on: June 23, 2021, 07:54 »
+1
Any minute now an armored van will pull up in front of my house and bring me a bag of money from Adobe, lol...  ;D

I just wish to get it all in one go without armored van, I will pick it myself but I need them altogether...


 

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