Cato calls Jindal's hand on film tax welfare-- - Page 2 - TigerDroppings.com

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ProjectP2294
Penn Fan
St Louis County
Member since May 2007
31628 posts

re: Cato calls Jindal's hand on film tax welfare--


quote:

Only to be replaced by Jindal cronies making $250K/per year. BJ has got some of you people so hoodwinked it's amazing.


We're still paying for fewer people in other facets of compensation, ie retirement, health care, etc. I would like to see a comparison of salaries eliminated and those added by your 'crony hires', not calling you out, I'm actually interested in seeing that. I'm not naive, I know he's not perfect, but it's still progress.






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I B Freeman
Member since Oct 2009
5488 posts

re: Cato calls Jindal's hand on film tax welfare--


quote:

LSURussian, Bobby Jindal, and the film industry must have conspired to steal this guy's lunch or something.


Hey Dewster how much of a film star's pay should Louisiana taxpayers pay????






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81196 posts

re: Cato calls Jindal's hand on film tax welfare--


quote:

By having a unique refundable tax credit the film industry doesn't even have to generate tax obligations to use the credits.
Please elaborate.

Here are a couple of examples why your opinions carry little weight:
"Not even oil and gas." - This is an incomplete sentence.

"No other industry get" - "Gets" not "get" is the proper conjugation of the verb here.

"tax payer" - The word is 'taxpayer.' It is one word, not two.

"in it's worse form" - "It's" is a contraction for "it is." "Its" is the word you were looking for.

When you don't even know basic spelling and grammar, you show a lack of intelligence.

Also:
"as the budget shortfall" - Actually the state ended fiscal year 2011-2012 with an almost $200 million surplus, not a deficit.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81196 posts

re: Cato calls Jindal's hand on film tax welfare--








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Catman88
LSU Fan
Baton Rouge, LA
Member since Dec 2004
39563 posts

re: Cato calls Jindal's hand on film tax welfare--


quote:

Hey Catman tell us how much cash money the state would pay out in one year to film tax industry in taxpayer money if there were one million $50K jobs eligible for the film tax credit. It is easy to compute


Holy shite you are still the dumbest poster I have ever seen on this board.

quote:

It is easy to compute.


NOT EVEN REMOTELY TRUE

What IS easy to compute is that 1 million 50k a year paying jobs would be the best thing to ever happen to this state. We would have 0 unemployment and NO WELLFARE! Those things are easy to compute. The factor in which the return on the money being spent many times over and taxed many times over is not easy at all.

Seriously you are still holding on to this brain dead belief even after you had you arse handed to you in the other thread over it? You would be better off just giving it up to the fact that you know jack shite about finances.




This post was edited on 10/9 at 9:34 am


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BugAC
LSU Fan
Baton Rouge
Member since Oct 2007
18573 posts

re: Cato calls Jindal's hand on film tax welfare--


quote:

I B Freeman


Are you one of these guys, that hates it when Louisiana grows?

Film industry in louisiana creating thousands of jobs.
We have a state surplus.

And Freeman is angry because of this...






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Radiojones
USA Fan
The Twilight Zone
Member since Feb 2007
6407 posts

re: Cato calls Jindal's hand on film tax welfare--








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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
81196 posts

re: Cato calls Jindal's hand on film tax welfare--


quote:

tell us how much cash money the state would pay out in one year to film tax industry in taxpayer money if there were one million $50K jobs eligible for the film tax credit. It is easy to compute.

I already did that for you in your first inane thread on this subject.

And then I estimated how much state and local revenues would increase, making up the tax credits many times over.

Your reply to that showed the math and economic concepts (such as the multiplier effect of new money injected into a market) went completely over your head.

Don't blame everyone else for your own ignorance.






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I B Freeman
Member since Oct 2009
5488 posts

re: Cato calls Jindal's hand on film tax welfare--


quote:

Please elaborate.


Russian you can be my grammar editor.

I have explained this to you before. It is easy.

Russian Film Productions LLC makes a film and pays Lindsay Lohan $1million. They then apply to the state for the film tax credit and get $300,000 in credits (If Lindsay establishes residence here for a little while they get $350,000). The LLC then transfers the film to another sister distribution company in another state where all the revenue of the film is generated and no income tax is generated in Louisiana. The LLC then sells the tax credit because it is transferrable to whoever they wish at the highest price. The State itself will buy it 85 cents on the dollar. Most trade north of 95 cents to people who owe Louisiana taxes.

No conservative that can do math would support such welfare.

If the credits are to stay in place they should not be transferable.

If they are so good--you have never addressed this question--then why not do them for everybody?



This post was edited on 10/9 at 9:54 am


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dewster
Maryland Fan
Tennessee
Member since Aug 2006
9056 posts

re: Cato calls Jindal's hand on film tax welfare--


Why bring Lindsey Lohan into your thread? Doesn't she have enough problems?


This post was edited on 10/9 at 9:46 am


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I B Freeman
Member since Oct 2009
5488 posts

re: Cato calls Jindal's hand on film tax welfare--


quote:

quote:
tell us how much cash money the state would pay out in one year to film tax industry in taxpayer money if there were one million $50K jobs eligible for the film tax credit. It is easy to compute.

I already did that for you in your first inane thread on this subject.

And then I estimated how much state and local revenues would increase, making up the tax credits many times over.

Your reply to that showed the math and economic concepts (such as the multiplier effect of new money injected into a market) went completely over your head.

Don't blame everyone else for your own ignorance.


BS Russian. You never once admitted how much cash money the state would have to have on hand to pay those credits.

Now once you arrive at the number tell me do you really believe they will generate enough additional cash money to fund the credits.

If you do then you owe it to all of us to tell us why you do not believe such credits should be available to everybody.






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Blue Velvet
Colorado State Fan
Kenai, Alaska
Member since Nov 2009
15525 posts

re: Cato calls Jindal's hand on film tax welfare--


quote:

No conservative that can do math would support such welfare.
You're arguing with Russian. You think he gives a frick what is economical? He's a supporter of the Fed and the Drug War. Let Jindal burn the money for all he cares.






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Catman88
LSU Fan
Baton Rouge, LA
Member since Dec 2004
39563 posts

re: Cato calls Jindal's hand on film tax welfare--








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Choctaw
Navy Fan
Pumpin' Sunshine
Member since Jul 2007
50526 posts

re: Cato calls Jindal's hand on film tax welfare--


quote:

You're arguing with Russian. You think he gives a frick what is economical?


Louisiana has a surplus






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I B Freeman
Member since Oct 2009
5488 posts

re: Cato calls Jindal's hand on film tax welfare--


quote:

NOT EVEN REMOTELY TRUE


Of course it is easy to compute. The tax credit is 35% if they are Louisiana citizens.

I can promise you this if you make that tax credit available to every industry a lot more than one million jobs would be created.

The idea that you can have a personal tax rate of 6% and give away 35% of wages to such a large portion of the State population is absurd.




This post was edited on 10/9 at 9:54 am


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Blue Velvet
Colorado State Fan
Kenai, Alaska
Member since Nov 2009
15525 posts

re: Cato calls Jindal's hand on film tax welfare--


Selective reading? Typical.

Also, please tell me my opinion about Jindal's tax welfare and surplus. I'll be waiting right here, hack.






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Choctaw
Navy Fan
Pumpin' Sunshine
Member since Jul 2007
50526 posts

re: Cato calls Jindal's hand on film tax welfare--


the tax credit is why the film industry is here in the first place. without it there wouldn't be a film industry...the jobs it brings...and the money it generates. its not that hard to understand.

i'm still not understanding exactly why you're so against this tax credit






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BugAC
LSU Fan
Baton Rouge
Member since Oct 2007
18573 posts

re: Cato calls Jindal's hand on film tax welfare--


quote:

please tell me my opinion about Jindal's tax welfare and surplus.


Um....Louisiana is operating with a surplus. I don't know what you are trying to prove or disprove, but i think the facts may be working against you.






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Choctaw
Navy Fan
Pumpin' Sunshine
Member since Jul 2007
50526 posts

re: Cato calls Jindal's hand on film tax welfare--


quote:

Selective reading? Typical.


i'm sorry....when you mentioned "economical" i just assumed you were talking about economics.

quote:

Also, please tell me my opinion about Jindal's tax welfare and surplus. I'll be waiting right here, hack.


ummm...i don't know what your opinion is. i never stated that i did know what your opinion is or that i even give a shite what your opinion is. feel free to share your opinion with the class though.






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BugAC
LSU Fan
Baton Rouge
Member since Oct 2007
18573 posts

re: Cato calls Jindal's hand on film tax welfare--


quote:


i'm still not understanding exactly why you're so against this tax credit


It's probably something personal. Maybe he got fired from a job, i dunno. But it's definitely not logical.






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