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Message
re: California to quadruple movie tax credits to $400 million/year
Posted on 8/16/14 at 12:27 pm to GeeOH
Posted on 8/16/14 at 12:27 pm to GeeOH
quote:
So a bankrupt state is going to give more tax breaks just to keep movies from being filmed elsewhere?
California is not "bankrupt".
quote:
Especially if you bbelieve the idiots who thinks it serves no purpose in Louisiana and we are losing money....which is it idiots?
It depends on what their "credit" system looks like. If it's actually just a thinly-disguised rebate subsidy like Louisiana, then yes, they are stupid.
1
Posted on 8/16/14 at 4:13 pm to Big Scrub TX
quote:
California is not "bankrupt".
32 States Now Officially Bankrupt: $37.8 Billion Borrowed From Treasury To Fund Unemployment; CA, MI, NY Worst
quote:
The full list of America's 32 insolvent states is below, sorted in order of bankruptedness. California $6,900 Michigan 3,900 New York 3,200 Penn. 3,000
That means $6.9 billion borrowed
I know they aren't closing shop or anything, but states take money from the feds to keep afloat. In this example, 2010, Cali was the worst.
So yes, I was talking in generality.
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