Remember all of the swanky Hollywood types who
demanded a tax increase? They
practically begged the I.R.S. to confiscate their wealth. Forget the fact that they can donate as much
money their bleeding heart desires to the federal government. There’s nothing to stop them, except of
course their accountant and legions of financial advisors.
What is really galling about these limousine
liberals is their outright hypocrisy.
One of the few industries that cleared the fiscal cliff is the film
industry.
The original tax incentive applied to productions costing less
than $15 million to make ($20 million in low-income areas). The 2008 extension applies to
all films, up to a deduction of $15 million (or $20 million in low-income
areas). The incentive is especially generous to television series; it applies
to each TV episode.
Not
only do these glamour queens (I’m referring to the males as well) get a
federal tax break, they also raid individual State coffers. Here is an excerpt from a North Carolina
Economic Development website:
Make the most of your
production dollars by spending them in Western North Carolina. The State of
North Carolina launched an attractive new Film Incentive Program in 2010. Production companies that spend at least $250,000 in North Carolina
are eligible to receive a refundable tax credit of 25% of in-state spending for
labor, goods and services.
Eligible film productions include feature films, direct-to-video, episodic television series, movies of the week, television mini-series, reality television, commercials, documentaries, animation productions, and webisodes. Details about the refundable tax credit, procedures, and other incentives in North Carolina are available from the North Carolina Film Office.
Eligible film productions include feature films, direct-to-video, episodic television series, movies of the week, television mini-series, reality television, commercials, documentaries, animation productions, and webisodes. Details about the refundable tax credit, procedures, and other incentives in North Carolina are available from the North Carolina Film Office.
Instead
of rolling out the red carpet on Oscar night, maybe we should have these actors
strolling across the taxpayers. After
all, these snobbish elites are already walking all over us.
No comments:
Post a Comment