The GPU company that provided the GPU to render the assets also deserves a cut, don't you think?
this post was submitted on 16 Sep 2023
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Depending on the ownership of the product it may be classified as personal income not business income so there would be local taxes plus an extra tax because it is foreign income.
What country tax interaction has 45%
Most. Certainly the USA... Add up all personal taxes paid for income from city to county to state to federal. Don't forget to add FICA - Medicare, social security (and the self employed additional amount), and any extras that may apply.
Quick math... A developer in CA bringing in 250k/yr (gross) is hitting the 35% fed bracket. Total effective tax just to the fed is almost 23%. State tax same shit effective tax rate is about 8%. City tax may apply, adding 1% or so. OASDI is 6.2%. Medicare adds 1.45%. But self employed so double those. And oops, you make too much so 0.9% Medicare additional tax..... Add all that and it's over 46%.
There's a roughly $100,000 deduction for nonresident personal income tax and depending on the country, they can also subtract taxes paid on that money in their home country.
I'd hazard a guess anyone making more than insignificant money through app sales would have already formed some sort of legal entity to assign legal and tax liability to.
You would hope.