Militant said:

Likewise, but it is tiny! Its nothing compared to royalties from performance or broadcasting. I'm not sure that Prince would be that interested, especially as its not monitored - a set fee is agreed and distriuted between artists, but it probably won't reflect the amount your work is used. Its far better and easier to claim for gigs and broadcast use.

At least, that's the deal that PRS struck with YouTube anyway - admitteldy, I don't know what the ASCAP terms are (if, indeed, it is ASCAP that are dealing with it).

errant said:

Nice - cheap shot from you there! But if you think speculating on other people's financial affairs is sane.....

Don't see why you made this a personal attack - did I offend you?

Mindflux said:

who's speculating on his financial affairs? you're the one devoting paragraph upon paragraph to it daily.

I presented the defintion of "debt" from a dictionary when someone questioned how we knew he was in debt. We know he's got debt. He owes a plaintiff and his own county money.

errant said:

I'm not disputing that he has debts. Neither am I speculating on his affairs. I have commented on other people's specualtions. This is also my first time on the .org in 4 days!

Do you have some sort of problem with me? You are intent on bickering with me on 2 different threads! You attacked me on this one for no reason! Whatever it is, can't you just get over it? This is just a discussion board for christ's sake....its really not that important, is it? Shall we just move on positively, because I really don't have a problem with you, I'm just not so keen on the unwarranted attacks!

He'll be making at least 3 million euros for his concert in Werchter, another 3million in Arras and some more for performing at Roskilde. That is ticket sale only, apart from whatever goodies will be for sale.

watch this !!!

Mindflux said:

I have no idea who you are except some Prince apologist who keeps speculating on Prince's financial affairs and then say that speculating on Prince's financial affairs.

Mindflux said:

-----
Thank you dude. I was not aware that YouTube was finally paying people but if the fees are small how would it help him financially if it is chump change compared to other royalties and fees.

Mirabelle said:

-----
Sounds like more than enough to cover his bills. So I guess you guys who are worrying can relax.

laurarichardson said:

Considering that I was the Vice President for the second-largest wealth management firm in the US for several years and dealt with ultra-high net-worth families including billionaires, I'd say that yeah - I do have a clue. Better than you do, no doubt about it.

I am positive Prince has income. But none of us know what his expenses are. For all we know, he's trapped in illiquid, negative cash-flowing real estate. Or he put his money with The Stanford Group and now can't get to it because the firm is in receivership. Or he has plenty of liquidity, but figures the penalties, interest and bad publicity attached to the disclosure of his tax problems are what he wants, for reasons known only to himself.

I don't know what Prince's financial situation is. But I do know there is no prudent financial reason to purposefully incur penalties, interest, attorney's fees and other costs when you have the money to pay the taxes on what is presumably your most treasured asset.

I also know that you don't back out of an agreement to perform for which you've already been paid a substantial portion of the fee as a financial strategy, either. I know further that if you do that, and then you get sued and agree to a settlement that is basically you returning the money you've already been paid, and then you back out of that, then you're not thinking with a clear head, or you're a thief.

errant said:

More cheap shots and in a sentence that makes no grammatical sense. No Prince apologist here, but you just carry on making stuff up to try and substantiate your position.

You won't even accept an olive branch either, even though it was you making the attacks, which tells me all I need to know about you. Time for my parting (and cheap) shot - your name for this board is WELL CHOSEN.

(From your favoured dictionary) - Errant: a: straying outside the proper path or bounds b : moving about aimlessly or irregularly c : behaving wrongly d : fallible

[Snip - luv4u]

Where are the Mods, they've high jacked the thread.

This thread is funny It's even more entertaining than the Janet Jackson threads!

RodeoSchro said:

-----
" was the Vice President for the second-largest wealth management firm in the US for several years and dealt with ultra-high net-worth families including billionaires, I'd say that yeah - I do have a clue. Better than you do, no doubt about it. "

Then what is with your comments about "off-shore accounts" How come you don't seem aware of them or the time that the super wealthy spend trying to get out of paying their taxes by disputing them which P has done before concerning his property taxes.

I think because the key word in your respone is (was the VP) of a wealth management firm.

In addtion, I think P likes money and I doubt he backed out of this show for kicks and grins he does not have a history of canceling concerts so I am under the impression that he had a reason for not doing the show perhaps it could be heatlh related or just personal at any rate it is not any business of ours and I don't think the money he has to pay back he is going to send him to the poor house and your wealth managment skills should give you a clue about that.
[Edited 4/24/10 19:01pm]

RodeoSchro said:

First, I seriously doubt that you were a VP of a wealth management firm. Secondly, there are any number of reasons for some individuals not to pay taxes; especially on property worth as much as the one that we are talking about.

Thirdly, in my opinion, there is absolutely no way that P will have the county foreclose on those properties. None, zero. So people should stop speculating. The taxes are probably paid by now anyway.

Nah, living practically and not throwin' all those expensive parties for bubbleheaded celebrities would have saved him from his current debt.

I mean hey, if regla' money ain't comin' in, what you got shouldn't be goin' out.
That's just simple math.

Mindflux said:

and I can only assume that "Mindflux" is a synonym for "Scatterbrain"

txlaw said:

If you've seen HALF of what Rodeo posts in P&R it's pretty damn obvious he knows what he's talking about. You guys just don't wanna hear it cuz you just don't want to believe it - PWINCEY FUCKED UP..

.
[Edited 4/25/10 0:19am]

Genesia said:

Because he doesn't pay the usual stuff.
Of cours ethe defensible will be that he HAS the money but just doesn't pay, but that would portray him as being odd and/or irresponsible.
So...

There is no way on earth that Prince is in debt. He has sold over 100 million records, he would have made millions from the o2 run/planet earth deal and even lotusflow3r.com/target would have made him a a massive heap of cash. Don't forget that he has had a huge slice of the pie since the begining.

YouTube would make him more money and make him gain more fans, of course but he is practically the only artist that has taken his music off it and likes standing out because of that.

It's time to bow down to the mighty YouTube though. It's not going away, almost every mobile telephone has it as a standard application. We are all just pissed off cause we want to see more footage, including crappy self made videos taken on phones of aftershows...

udo said:

or! he disputes the amounts. The tax he owes could be part of a disputed amount.

The judgment in the other case would be something he should be able to appeal. Anyone that has ever won a major judgment in a civil case knows it can take YEARS to get any money. They can drag it out for a long time, so that is not even be a debt yet.

aiden said:

I heard some teachers talking about cell phone cameras in the classroom and how they need to be careful when talking to kids as if the teacher/adult crosses the line and the kid films it it could be posted. Their solution was to ban cell phones and take them up if they saw them. I was all "why not just stop yelling at kinds?"

txlaw said:

Would you like me to post my registration numbers for my Series 7 and 66 licenses, or my ID number for my Texas Life and Health insurance license? LOL.

I highly doubt you have anything to do with law - at least, real estate and/or collection statutes - or you'd never say there's a lot of reasons for people to not pay taxes, especially on valuable property. If you had any experience with the law at all, you'd know that non-payment of property taxes can and will lead to a tax sale of the property. Or, if you're lucky, your tax debt will get sold to a private entity that will be more interested in charging you 18% interest than foreclosing on your property.

There's only one reason to not pay your property taxes timely, and that's because you dispute the assessed value. But every taxing authority has a period in which you can protest the assessed value. If you protest it within that period, there is no collection action taken while the protest works its way through the system.

But if you missed the deadline for contesting the assessed value, you are out of luck. No property owner has the right to unilaterally contest a property's value AFTER THE DEADLINE. And since the county has posted Prince's taxes as delinquent, that can only mean that Prince did NOT file a timely protest.

Again, if you had any experience with real estate law at all, you'd know this. Therefore, I'm calling you on YOUR ID.

LOL.



.
[Edited 4/25/10 9:23am]

Nikademus said:

Thanks!

RodeoSchro said:

Yer welcome

udo said:

Of course you pay anyone you owe money to within a 24 hour period to avoid the appearance or inference of debt and to establish your responsibility in the eyes of the community.

Nikademus said:

Nikademus said:

Truth!

Furthermore, as one of the more level headed and discerning individals on this site, he does not deserve to have aspersions cast on him personally for simply offering his un-biased analysis of a news item.