I can tell you from my own knowledge that Ginsburg could be making more -- it sounds like he hasn't even started exploring advertising or in-app purchases in his app, and I've heard from many developers that those can be very helpful in the right places. But more important, Ginsburg says the satisfaction he's getting from working on the App Store is better than any monetary gain -- he just recently stepped away from a corporate job, and plans to make a go at creating apps for a full-time living.
It's cool to hear a straight story from one developer on the App Store about just how viable creating apps is. Of course, one thing Ginsburg doesn't talk about is how much work and training went into making his app -- that $20k in sales didn't just appear out of thin air. And not all developers see even his level of modest success, since there are so many apps on the store that don't even make it into the top lists. But Ginsburg is as good an example as any of the kinds of opportunities Apple has created with its App Store platform.
Harvard's Greg Mankiw turns his economist's microscope
back on himself in the New York Times to uncover
truths about productivity and taxation. To wit, if you tax
something, you'll likely get less of it:
AN important issue dividing the political parties is whether to
raise taxes on those earning more than $250,000 a year....I have to acknowledge that the Democrats are right about one
thing: I can afford to pay more in taxes. My income is not in the
same league as superstar actors and hedge fund managers, but I have
been very lucky nonetheless....Nonetheless, as Republicans emphasize, taxes influence the
decisions I make. I am regularly offered opportunities to earn
extra money. It could be by talking to a business group, consulting
on a legal case, giving a guest lecture, teaching summer school or
writing an article. I turn down most but accept a few....Suppose that some editor offered me $1,000 to write an article.
If there were no taxes of any kind, this $1,000 of income would
translate into $1,000 in extra saving. If I invested it in the
stock of a company that earned, say, 8 percent a year on its
capital, then 30 years from now, when I pass on, my children would
inherit about $10,000. That is simply the miracle of
compounding.Now let’s put taxes into the calculus. First, assuming that
the Bush tax
cuts expire, I would pay 39.6 percent in federal income
taxes on that extra income. Beyond that, the phaseout of deductions
adds 1.2 percentage points to my effective marginal tax rate. I
also pay Medicare tax,
which the recent health care bill is raising to 3.8 percent,
starting in 2013. And in Massachusetts, I pay 5.3 percent in state
income taxes, part of which I get back as a federal deduction.
Putting all those taxes together, that $1,000 of pretax income
becomes only $523 of saving.And that saving no longer earns 8 percent. First, the
corporation in which I have invested pays a 35 percent corporate
tax on its earnings. So I get only 5.2 percent in dividends and
capital gains. Then, on that income, I pay taxes at the federal and
state level. As a result, I earn about 4 percent after taxes, and
the $523 in saving grows to $1,700 after 30 years.Then, when my children inherit the money, the estate
tax will kick in. The marginal estate tax rate is
scheduled to go as high as 55 percent next year, but Congress may
reduce it a bit. Most likely, when that $1,700 enters my estate, my
kids will get, at most, $1,000 of it.HERE’S the bottom line: Without any taxes, accepting that
editor’s assignment would have yielded my children an extra
$10,000. With taxes, it yields only $1,000. In effect, once the
entire tax system is taken into account, my family’s marginal tax
rate is about 90 percent. Is it any wonder that I turn down most of
the money-making opportunities I am offered?....Now you might not care if I supply less of my services to the
marketplace — although, because you are reading this article, you
are one of my customers. But I bet there are some high-income
taxpayers whose services you enjoy.Maybe you are looking forward to a particular actor’s next movie
or a particular novelist’s next book. Perhaps you wish that your
favorite singer would have a concert near where you live. Or,
someday, you may need treatment from a highly trained surgeon, or
your child may need braces from the local orthodontist. Like me,
these individuals respond to incentives. (Indeed, some
studies report that high-income taxpayers are particularly
responsive to taxes.) As they face higher tax rates, their services
will be in shorter supply.....don’t let anyone fool you into thinking that when the
government taxes the rich, only the rich bear the burden.
I have found that these sort of arguments have absolutely no
impact on most people who want to soak the rich to help the state,
but there it is, and it seems true.
BREAKING <b>NEWS</b>: The Hobbit Stays In New Zealand | Hobbit Movie <b>News</b> <b>...</b>
The night is darkest ere the dawn... and dawn has ever been the hope of Men! After days of closed door talks between New Zealand Prime Minister John Key and.
ABC <b>News</b> for iPad adds 2010 Election Results | iLounge <b>News</b>
iLounge news discussing the ABC News for iPad adds 2010 Election Results. Find more iPad news from leading independent iPod, iPhone, and iPad site.
Nevada Voters Complain Of Problems At Polls - Las Vegas <b>News</b> Story <b>...</b>
LAS VEGAS -- Some voters in Boulder City complained on Monday that their ballot had been cast before they went to the polls, raising questions about Clark County's electronic voting machines. Wednesday, October 27, 2010.
atlanta property management
BREAKING <b>NEWS</b>: The Hobbit Stays In New Zealand | Hobbit Movie <b>News</b> <b>...</b>
The night is darkest ere the dawn... and dawn has ever been the hope of Men! After days of closed door talks between New Zealand Prime Minister John Key and.
ABC <b>News</b> for iPad adds 2010 Election Results | iLounge <b>News</b>
iLounge news discussing the ABC News for iPad adds 2010 Election Results. Find more iPad news from leading independent iPod, iPhone, and iPad site.
Nevada Voters Complain Of Problems At Polls - Las Vegas <b>News</b> Story <b>...</b>
LAS VEGAS -- Some voters in Boulder City complained on Monday that their ballot had been cast before they went to the polls, raising questions about Clark County's electronic voting machines. Wednesday, October 27, 2010.
Developer Dylan Ginsburg has noticed that a lot of iPhone companies (including most of the folks I spoke with at GDC last week) don't like to talk about exactly how much money they've made on the App Store. But he has no such compunctions, so he's written up a nice post on his blog about how much his River of News RSS app for the iPad has made so far. The short answer? About $20,600 since the app was released on August 19th. The app, which peaked in the top 30 (good, but not outstanding), has sold about 9,500 copies so far, and has made about $5500 of that total in the past month, which Ginsburg says seems like a pretty standard period.
I can tell you from my own knowledge that Ginsburg could be making more -- it sounds like he hasn't even started exploring advertising or in-app purchases in his app, and I've heard from many developers that those can be very helpful in the right places. But more important, Ginsburg says the satisfaction he's getting from working on the App Store is better than any monetary gain -- he just recently stepped away from a corporate job, and plans to make a go at creating apps for a full-time living.
It's cool to hear a straight story from one developer on the App Store about just how viable creating apps is. Of course, one thing Ginsburg doesn't talk about is how much work and training went into making his app -- that $20k in sales didn't just appear out of thin air. And not all developers see even his level of modest success, since there are so many apps on the store that don't even make it into the top lists. But Ginsburg is as good an example as any of the kinds of opportunities Apple has created with its App Store platform.
Harvard's Greg Mankiw turns his economist's microscope
back on himself in the New York Times to uncover
truths about productivity and taxation. To wit, if you tax
something, you'll likely get less of it:
AN important issue dividing the political parties is whether to
raise taxes on those earning more than $250,000 a year....I have to acknowledge that the Democrats are right about one
thing: I can afford to pay more in taxes. My income is not in the
same league as superstar actors and hedge fund managers, but I have
been very lucky nonetheless....Nonetheless, as Republicans emphasize, taxes influence the
decisions I make. I am regularly offered opportunities to earn
extra money. It could be by talking to a business group, consulting
on a legal case, giving a guest lecture, teaching summer school or
writing an article. I turn down most but accept a few....Suppose that some editor offered me $1,000 to write an article.
If there were no taxes of any kind, this $1,000 of income would
translate into $1,000 in extra saving. If I invested it in the
stock of a company that earned, say, 8 percent a year on its
capital, then 30 years from now, when I pass on, my children would
inherit about $10,000. That is simply the miracle of
compounding.Now let’s put taxes into the calculus. First, assuming that
the Bush tax
cuts expire, I would pay 39.6 percent in federal income
taxes on that extra income. Beyond that, the phaseout of deductions
adds 1.2 percentage points to my effective marginal tax rate. I
also pay Medicare tax,
which the recent health care bill is raising to 3.8 percent,
starting in 2013. And in Massachusetts, I pay 5.3 percent in state
income taxes, part of which I get back as a federal deduction.
Putting all those taxes together, that $1,000 of pretax income
becomes only $523 of saving.And that saving no longer earns 8 percent. First, the
corporation in which I have invested pays a 35 percent corporate
tax on its earnings. So I get only 5.2 percent in dividends and
capital gains. Then, on that income, I pay taxes at the federal and
state level. As a result, I earn about 4 percent after taxes, and
the $523 in saving grows to $1,700 after 30 years.Then, when my children inherit the money, the estate
tax will kick in. The marginal estate tax rate is
scheduled to go as high as 55 percent next year, but Congress may
reduce it a bit. Most likely, when that $1,700 enters my estate, my
kids will get, at most, $1,000 of it.HERE’S the bottom line: Without any taxes, accepting that
editor’s assignment would have yielded my children an extra
$10,000. With taxes, it yields only $1,000. In effect, once the
entire tax system is taken into account, my family’s marginal tax
rate is about 90 percent. Is it any wonder that I turn down most of
the money-making opportunities I am offered?....Now you might not care if I supply less of my services to the
marketplace — although, because you are reading this article, you
are one of my customers. But I bet there are some high-income
taxpayers whose services you enjoy.Maybe you are looking forward to a particular actor’s next movie
or a particular novelist’s next book. Perhaps you wish that your
favorite singer would have a concert near where you live. Or,
someday, you may need treatment from a highly trained surgeon, or
your child may need braces from the local orthodontist. Like me,
these individuals respond to incentives. (Indeed, some
studies report that high-income taxpayers are particularly
responsive to taxes.) As they face higher tax rates, their services
will be in shorter supply.....don’t let anyone fool you into thinking that when the
government taxes the rich, only the rich bear the burden.
I have found that these sort of arguments have absolutely no
impact on most people who want to soak the rich to help the state,
but there it is, and it seems true.
BREAKING <b>NEWS</b>: The Hobbit Stays In New Zealand | Hobbit Movie <b>News</b> <b>...</b>
The night is darkest ere the dawn... and dawn has ever been the hope of Men! After days of closed door talks between New Zealand Prime Minister John Key and.
ABC <b>News</b> for iPad adds 2010 Election Results | iLounge <b>News</b>
iLounge news discussing the ABC News for iPad adds 2010 Election Results. Find more iPad news from leading independent iPod, iPhone, and iPad site.
Nevada Voters Complain Of Problems At Polls - Las Vegas <b>News</b> Story <b>...</b>
LAS VEGAS -- Some voters in Boulder City complained on Monday that their ballot had been cast before they went to the polls, raising questions about Clark County's electronic voting machines. Wednesday, October 27, 2010.
BREAKING <b>NEWS</b>: The Hobbit Stays In New Zealand | Hobbit Movie <b>News</b> <b>...</b>
The night is darkest ere the dawn... and dawn has ever been the hope of Men! After days of closed door talks between New Zealand Prime Minister John Key and.
ABC <b>News</b> for iPad adds 2010 Election Results | iLounge <b>News</b>
iLounge news discussing the ABC News for iPad adds 2010 Election Results. Find more iPad news from leading independent iPod, iPhone, and iPad site.
Nevada Voters Complain Of Problems At Polls - Las Vegas <b>News</b> Story <b>...</b>
LAS VEGAS -- Some voters in Boulder City complained on Monday that their ballot had been cast before they went to the polls, raising questions about Clark County's electronic voting machines. Wednesday, October 27, 2010.
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