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Re: Books cheap

Subject: Re: Books cheap
From: "Fred Ridder" <docudoc -at- hotmail -dot- com>
To: "TECHWR-L" <techwr-l -at- lists -dot- techwr-l -dot- com>
Date: Wed, 16 Mar 2005 11:29:46 -0500


Thanks for the amplification, Dick. Personally, I try to stay as far away
from tax codes as possible.

-Fred Ridder

From: Dick Margulis <margulisd -at- comcast -dot- net>
Subject: Re: Books cheap
Date: Wed, 16 Mar 2005 11:25:01 -0500

That's interesting, but it's also out of anyone's control. The IRS created the current situation with a ruling in, IIRC, the early 1970s, that forced publishers into remaindering any book that doesn't sell within a year of production. Publishers used to maintain deep backlists, especially for slow-selling literary works, that went back years and years. They would write down the inventory to zero but they would pay royalties when the books eventually sold. Now, though, they print what they think they can unload in a year and have to remainder any that are left after that.

Authors get all the royalties they're entitled to under the current rules, and readers get a bargain by buying a book that is no longer in publisher stock.

If you want to go back to the old system, you'll have to convince a bunch of organizations that issue accounting standards, adjudicate tax disputes, etc. And I suspect you'd have quite a fight on your hands.

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Re: Books cheap: From: Dick Margulis

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