Written by Doug Powers
“I’d like to thank the Academy, my fellow actors/directors/producers, my family, and mostly the taxpayers who helped finance the film for making this all possible” – No Academy Award winner ever
There are two things that many in Hollywood often preach against: 1) “Greedy” Wall Streeters who don’t “share the wealth” during the good times and then leave taxpayers holding the bag when things go bad; And 2) Tax breaks for the rich.
File this under “method acting”:
Although Oscar nominations were announced yesterday, one winner has already been determined: the Oscar for Best Tax Break (not a real Academy Award). Among the nine films nominated for Best Picture, The Wolf of Wall Street received the largest state tax incentive, a 30 percent tax credit from New York State. In effect, New York State taxpayers paid for a third of its $100 million in production costs.
According to Forbes, Hollywood’s moguls are receiving around $1.5 billion a year in film tax credits. Rich Tinseltown libs then use some of the money they saved to maintain the soap box from which they complain that the rich need to be made to “pay their fair share.”
**Written by Doug Powers
June 8, 2015 07:04 AM by Michelle Malkin
April 19, 2015 08:36 AM by Doug Powers
April 15, 2015 04:44 AM by Michelle Malkin
Open thread: Gwyneth Paltrow shows that liberal empathy is a SNAP; Hillary tossing hat into ring from undisclosed location
April 12, 2015 11:21 AM by Doug Powers
March 22, 2015 09:32 AM by Doug Powers