By William Patry

ISBN-10: 0199760098

ISBN-13: 9780199760091

Do copyright legislation without delay reason humans to create works they another way wouldn't create? Do these legislation without delay placed giant quantities of cash into authors' wallet? Does tradition depend upon copyright? Are copyright legislation a key driving force of competitiveness and of the information economy?

These are the main questions William Patry addresses in tips on how to repair Copyright. all of us proportion the pursuits of accelerating inventive works, making sure authors could make a good residing, furthering tradition and competitiveness and making sure that wisdom is commonly shared, yet what function does copyright legislation truly play in making these items come precise within the genuine international? easily believing in lofty pursuits isn't sufficient. If we'd like our objectives to come back real, we needs to transcend believing in them; we needs to ascertain they arrive real, via empirical trying out and adjustment.

Patry argues that legislation needs to be in step with triumphing markets and applied sciences simply because applied sciences play a wide (although no longer unique) position in growing buyer call for; markets then fulfill that call for. Patry discusses how copyright legislation arose out of eighteenth-century markets and know-how, crucial attribute of which was once man made shortage. synthetic shortage was once created through the lifestyles of a small quantity gatekeepers, by way of really excessive obstacles to access, and via analog boundaries on copying.

Markets and applied sciences swap, in a symbiotic approach, Patry asserts. New applied sciences create new call for, requiring new company versions. the recent markets created by means of the web and electronic instruments are the best ever: limitations to access are low, charges of creation and distribution are low, the achieve is international, and massive sums of cash could be made off of a large number of small transactions. besides those new applied sciences and markets comes the democratization of production; electronic abundance is exchanging analog man made scarcity.

The activity of policymakers is to remake our copyright legislation to slot our instances: our copyright legislation, in keeping with the eighteenth century idea of actual copies, gatekeepers, and synthetic shortage, has to be changed with legislation according to entry no longer possession of actual items, construction via the loads and never by means of the few, and international instead of nearby markets. Patry's view is that of a traditionalist who believes within the ambitions of copyright yet insists that legislation needs to fit the days instead of struggle opposed to the current and the longer term.

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If all your itemized deductions don’t exceed the standard deductions, you can’t itemize and you get no ­deduction at all. This is perhaps the unkindest cut of all. • Only individuals can deduct expenses from income-producing ­activities. Corporations, partnerships, and limited liability ­companies cannot deduct these expenses. • No self-employment tax. One good tax effect of having an ­income-producing activity is that you don’t have to pay any self-employment tax on your income from the activity.

Although there is no minimum amount of time you must work, you’ll have a hard time convincing the IRS that you want to make money if you work fewer than five or ten hours a week. Keep a log Chapter 2 | ARE YOU REALLY IN BUSINESS? | 35 showing how much time you spend working. Your log doesn’t have to be fancy—you can just mark down your hours and a summary of your activities each day on your calendar or appointment book. Putting It All Together: A Tale of Two Animal Breeders Two real cases involving animal breeders demonstrate how the behavior factors covered above can make or break you at audit time.

Small businesses can also use depreciation, but they have another option available for deducting many capital expenses—they can deduct a certain amount in capital expenses per year under a provision of the tax code called Section 179. In 2008, the Section 179 deduction ceiling was $250,000. This is scheduled to go down to $128,000 in 2009 (plus an inflation adjustment). Section 179 and depreciation are discussed in detail in Chapter 5. Certain capital assets, such as land and corporate stock, never wear out.

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How to Fix Copyright by William Patry


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