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Started By
Message
re: Another victory for movie tax credits
Posted on 12/26/14 at 1:24 pm to Meauxjeaux
Posted on 12/26/14 at 1:24 pm to Meauxjeaux
quote:I answered your post about economic models, not your OP. Try to keep up.
So you are answering my OP with a link to something that you are now saying doesn't exist?
1
Posted on 12/26/14 at 1:29 pm to Choctaw
quote:
Calling it welfare is quite misleading
Subsidies, then.
Posted on 12/26/14 at 1:30 pm to elprez00
quote:
So if the movie spends $1,000,000.00 in LA and the studio sells all the credits back to the state, the state collected $45,000 in taxes from the production and paid them $332,500 for the tax credits resulting in a net $287,500 loss.
You might as well have posted: "Look at me! I don't bother to understand economics or this program!"
Posted on 12/26/14 at 1:31 pm to Iosh
quote:
I answered your post about economic models, not your OP. Try to keep up.
By posting an economic model for which you say you can't get any data?
This is the best Christmas ever!
Posted on 12/26/14 at 1:41 pm to Meauxjeaux
quote:
You might as well have posted: "Look at me! I don't bother to understand economics or this program!"
You might as well have posted "Look at me, I'm a sheep that cant do a google search."
Stop embarrasing yourself and do yourself a favor and read the following links.
LINK
LINK
Very Good Take
quote:
Unfortunately, the returns to the state on this investment, like many
of the movies made here, have been a flop. While the subsidies have
helped create film industry jobs that weren’t here before, many of these
positions are temporary and have come at a steep cost to taxpayers, who
paid an average of more than $60,000 per direct job
quote:
In 2010, film production in Louisiana generated $27 million in state tax revenues and $17.3 million in local tax revenues,
according to an analysis by the BaxStarr Consulting Group. This compares to the $196.8 million the state spent on film tax
credits.4
In other words, for every dollar of revenue the state received, the state paid $7.29. People are getting rich on this
deal, and it’s not Louisiana taxpayers
Posted on 12/26/14 at 1:42 pm to Meauxjeaux
quote:
What retard doesn't understand simple math as such: I have 0, someone gives me 10, I give them back 3.5 = I gained 7.5.
On top of being poor at arithmetic, you are also poor at describing La's "film credits".
Posted on 12/26/14 at 1:46 pm to elprez00
I get it that when you ignore everything but the direct expenditure (35% of the cost of production) vs the direct taxes that production produces (4.5%) you get a negative number... even a large one!
If that is as deep as you can dive into why these types of programs exist all over the country, then you are too simple minded to discuss this stuff with.
And I also get it that you can find a wealth of links that look at these programs in exactly that manner for which to combat me with.
If that is as deep as you can dive into why these types of programs exist all over the country, then you are too simple minded to discuss this stuff with.
And I also get it that you can find a wealth of links that look at these programs in exactly that manner for which to combat me with.
Posted on 12/26/14 at 1:56 pm to Meauxjeaux
quote:
I get it that when you ignore everything but the direct expenditure (35% of the cost of production) vs the direct taxes that production produces (4.5%) you get a negative number... even a large one!
Did you even read anything posted? It costs taxpayers $7 and change for every job created. What ancillary benefits am I missing? Ignoring?
quote:
If that is as deep as you can dive into why these types of programs exist all over the country, then you are too simple minded to discuss this stuff with.
Again, had you bothered to read this links I posted, you'd see that these types of programs that exist all over the country are being scaled back or eliminated due to the negative return on investment to the taxpayers. National media even points out how absurdly lucrative LA's program is when compared to other states and that the cost is unsustainable.
quote:
And I also get it that you can find a wealth of links that look at these programs in exactly that manner for which to combat me with.
I also posted the state website for the LA Film Tax commission to get an overview of how its advertised. If you would've read the last link, it gives a pretty common sense suggestion at the end on how LA can modify the system to make it more beneficial for the taxpayers while not scaring away the industry.
But don't let me interrupt your rhetoric.
Posted on 12/26/14 at 5:49 pm to elprez00
Meauxjeaux can't add and substract. He thinks there is some magic in taking money from taxpayers and giving it to special interest.
Ask any proponent of this welfare what other industry should we give 35% of their expenses.
That blows meauxjeaux's mind. If the welfare to film companies is good for Louisiana why not give it to airplane manufacturers? Or microsoft? Or Trojan Latex?
Ask any proponent of this welfare what other industry should we give 35% of their expenses.
That blows meauxjeaux's mind. If the welfare to film companies is good for Louisiana why not give it to airplane manufacturers? Or microsoft? Or Trojan Latex?
This post was edited on 12/26/14 at 5:51 pm
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