Spending on film tax credits would pay tuition at LSU for 70,000 students - Page 6 - TigerDroppings.com

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I B Freeman
Member since Oct 2009
5275 posts

re: Spending on film tax credits would pay tuition at LSU for 70,000 students


quote:

remember, with out the tax credits, tax they are crediting would be zero. And, news flash, they're still paying tax and spending a lot of money on local businesses that are paying taxes. I still hope that a workable solution to abolish the state income tax can be formulated. That way, the tax credit issue will be null and void.


You are correct about abolishing the income tax.

It would be a MAJOR improvement for taxpayers if the film industry's impact on tax collections were zero. Today it is minus $250 million---far more than the budget shortfall that caused health services and higher ed to be cut.






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I B Freeman
Member since Oct 2009
5275 posts

re: Spending on film tax credits would pay tuition at LSU for 70,000 students


quote:

If the argument is that the tax credits are bad for the state, then how much revenue is generated for the state if you don't have them? It's a simple answer.


Yes it is a simple answer. It would be about $250 million more revenue without he subsidies.






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