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Subject: This afternoon I bought this up in conversation with a CPA friend who works in Van Nuys and has a few older TV clients.

Here's what he said.
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Date Posted: Sunday, July 14, 05:24:54pm
In reply to: Still running in many places. 's message, "But she had her OWN show!" on Sunday, July 14, 11:54:39am

He said that unless a show is super-successful--like a Seinfeld or a Friends--the residuals will probably be quite modest. Upper-middle class levels, enough of a paycheck to survive, but not super-wealthy, either. Often they have to pay for their own insurance, so there's an extra expense to be had there as well. Furthermore, a lot of these oldies cable shows don't do residuals in the same way--they pay lump sums for a series, and the actors get a lump sum for it for each year it's renewed. The newer the show, the better the residual checks. Older shows, the actors are lucky to get paid well.

He also said that when it comes to health care, being famous is also a major liability. Doctors assume actors and celebrities have vast amounts of wealth, so they get stuck with medical bills that are extremely higher than what it might be for you and me. He told me of two clients he had--one an older but steadily working character actor, another a businessman who was extremely low-key in the amount of his wealth--and they both contracted the same form of cancer. Both received roughly the same treatment, but the Hollywood face's bills were probably double--if not tripled or more--than the more discrete wealthy man.

So it's quite possible that Valerie Harper is indeed hurting financially because of her ongoing health issues. It's certainly not unrealistic to think that the cost of her bills could be in the hundreds of thousands.

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I remember Todd Bridges said in an interview once, that his annual residul$ from "Diff'rent Strokes" (1978-84) were $100K/year.Was that considered "super-successful"? (NT)Seinfeld or a Friends are cash COWS of the 1990s w/$20M/annual per cast member.Sunday, July 14, 10:44:01pm

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