I think we should be 0 in corporate taxes too. That would be fair to all business but letting politicians pick and choose welfare winners and losers is unfair and simply immoral.
But let us look at all the taxes the state collects
sales tax same years
Individual Income tax
$3.116 billion 07
$3.242 billion 08
$3.005 billion 09
$2.240 billion 10
$2.387 billion 11
Now surely none of you naive film tax credit defenders are going to say that the credits add to petroleum, cigarette or alcohol tax collections or severance tax collections so I will not bore you with those numbers as they show essentially the same story.
Where is all this economic activity in any tax collection?? You boys need to point it out.
There is absolutely nothing in the tax collection numbers to say that by giving away over $200 million to the very few film tax credit companies has in any improved tax revenues for the State. A stupid, far fetch notion put out by hired guns of the profiteers of film tax welfare.
Before you even start trying to rationalize these numbers I will say that if you believe that taking a dollar from some other business and giving it to a film producer produces great benefit then you must explain how taking it away from another business does not produce great harm.
This is not one smidgen of evidence in the actual state tax collections to prove any of the wild claims film tax welfare proponents make.
This post was edited on 2/1 at 8:54 pm