Aug 17, 2011
Tao Lin Doesn't Like You Now
commented on Tao Lin Lands a $50,000 Book Deal with Vintage Books
$50,000 isn't a lot of money. For comparison, in 1999 dollars, Dave Eggers got $300,000. In 2003 dollars, Jonathan Safran Foer got $500,000. His brother Joshua got $1,200,000 in an advance for his memorizing book a few years ago.
A $50,000 annual salary doesn't go that far in NYC. And it's just like salary. He's got to pay income tax on it -- IRS will get a 1099 form from his publisher, and so it's not $50,000. His agent gets 15% off the top, and that's $7,500. So it's really $42,500 before taxes.
The book won't be out for 2 years at least. Nobody can live on $21,250 minus taxes per year in NYC.
So why isn't this a column on how his new publisher has screwed Tao just like his old one Dennis Johnson at Melville House did, according to Part One of your famous column, denied totally by both Dennis and Tao, and which you never followed up with the promised Part Two, you total creepy clueless loser.