Ordinary income is just that — money earned for the work you do. For songwriters, the money you earn from royalties is considered ordinary income. The tax rate you pay depends on how much you make, from as low as 10% of taxable earnings to as high as 39.6%.
This vinyl-related project couldn’t be more different from the one above. Until recently, Jesu Berkeley was just a talented dad. Now, he’s an educator and community activist with a dream to provide a creative space for students and at-risk youth to learn about DJing, turntablism, and scratchology!