Ha.
Hahahahahahahaha. Thought that'd would get your attention.
Billary released their income tax information, including 2007's, to the public. Since both of them are published authors, I was curious about their book income deets.
Hilary made $10,457,083 for two books: Senator Clinton's book income is comprised of earnings for Living History ($10,267,895), including an $8,000,000 advance, and It Takes a Village ($189,188).
President Clinton's book income is comprised of earnings for My Life ($23,280,525), including a $15,000,000 advance, and Giving ($6,300,000).
For those unfamiliar with terms, advance means money that's paid out immediately (or sometimes divided in stages of a book, but I doubt this is so with Billary) after signing the book contract. Just so you can make a comparison, most authors' advances fall between the $5000 to $10000 area. Then, they have to wait till the books earn out their advances before they see any royalties. Most authors have a printrun of 20,000-30,000, so with, let's say, a $5000 advance, said author will have to sell 10,000 books before she sees any kind of income. Let's just say that it is very hard to earn out an advance that is really high...like, let's say, $8,000,000. Heh heh. Doing some Saturday morning quick math, and without math genius RB around, Hilary's book sold, oh, about 2 million copies (2,000,000).
Sigh. I'm not greedy. I'd be happy at 500,000 copies. At 50 cents royalty per book, I can forget about roofing for a while, yes? And not scrounge around to make sure all the bills are paid before buying that air ticket to Pittsburgh, yes? (The ticket, btw, was so ridiculously priced, I had to get it. It's CHEAPER to fly than to drive there, can you believe it?)
Well, there you have it. There are no starving artists among the elite, not with an $8 million advance...heck, I could take off a whole year to write a book then, huh? ;-)
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