Re: Books cheap

Subject: Re: Books cheap
From: Dick Margulis <margulisd -at- comcast -dot- net>
To: "TECHWR-L" <techwr-l -at- lists -dot- techwr-l -dot- com>
Date: Wed, 16 Mar 2005 11:25:01 -0500




Fred Ridder wrote:


As a writer, one thing you might want to be aware of is that there is
significance to the marker line that you find on the edge of a book
(usually the bottom or top edge of the pages, near the binding) that
you are about to buy. This marking is the convention that publishers
use to indicate that the book has been remaindered, and the significance
is that the author does not get any royalty for remaindered copies
of a book that they wrote.

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: Fred Ridder

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