I am really excited about many of these new Digital Art Marketplaces and glad to be moving away from Traditional painting and into digital Art with Apps like Autodesk Sketchbook.
I have sold a lot of Oil paintings, Watercolours, ink drawings in Traditional Galleries where the Gallery takes 50% of the Sale. I then need to claim the other half as Income and the Government takes another 50% so I’m left with enough $$$to buy a new canvas and some more paint.
Example: If I sell one of my 8 x 10 oil paintings for $1,000 the Gallery takes $500. I need to claim my $500 as Income and the Government takes their 50% in Income Tax. So I’m left with $250 which usually covers the cost of a canvas, a frame and some new oil paint and a new brush, maybe.
I have done much better to donate my paintings to Charity Auctions where a place like Habitat for Humanity auctions my painting to Doctors and Lawyers who are willing to pay $10,000 for a painting know the money goes to Charity. This way I get a Tax Credit for $10,000, and the $10,000 is used to help build a house.
With places like Hive, 3Speak, Youtube, HideoutTV, and NFTShowroom an artist can show the process of making the work and earn infinite amounts of $$$ to support their Craft and Life as an Artist.
The Future looks very bright for Artists on the Blockchain. Especially artists who can show Proof of Creation and Proof of Authorship with an Autodesk Sketchbook Timelapse Video.
Agawa Bay, Lake Superior:
Afternoon on the River:
Teepee at Sunset :
Digital Art created by me with my index finger on my iPad Pro with Free Autodesk Sketchbook App.
This is outrageous.
That 50% must be your Marginal Income Tax. It's about the same as here for those in the upper middle part of the range.
Taxes are very high here in Canada.
But there is no such thing as medical bankruptcy like across your land border.
Yeah we once lived in the USA and had to come back to Canada.
It's just not fun at all when you get sick and the ceiling of your insurance policy is approaching. One American got a million dollar bill from a hospital. He got Covid-19 and it put him in an ICU. They had to do all sorts of things to keep him alive. The final bill was way larger than his insurance company would pay per illness or something like that as per the terms of his policy.
One thing America's got going for it and that is personal bankruptcy. We have no such thing here, although your debts can be forgiven after 15-20 years IIRC.
yeah that is insane...everyone has their hands in the cookie jar, don't they? art, books, photographs...everyone seems to be a parasite of value off of value creators.
Taxes are the same for everyone regardless of what you earn on but the cut middlemen in art regularly take are an affront to common sense.
Yes. It’s awful.
I may have asked you this already (sorry if I did)...what do you use for your digital compositions? A Mac?
My iPad
I just came across this post. Obviously, the taxes are high... How come the rate of the taxes got higher?
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It’s Canada. I’m rounding up but the Taxes are very high.
That's not cool. The taxes are very high
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Your Oil paintings, Watercolours and ink drawings are beautiful..
I'm sorry I meant to upvote your post more. The slider bar didn't respond correctly. I don't know how to change my vote...🤷🏻♀️🤦♀️ @offgridlife
No worries.... you can click button vote to unvote then move slider up to vote again ... but I think you lose voting power x3 so better to leave as is....
I've seen some great digital art, I mean some really beautiful creations, but somehow, to me, it is not in the same category as the art you make with paints, brushes, knives and etc.
I'm glad you are figuring out how to make it work for you.