- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Film Industry a Boon to La!
Posted on 8/13/14 at 9:30 am to BBONDS25
Posted on 8/13/14 at 9:30 am to BBONDS25
quote:
Again, I am surprised to see a conservative so upset about the state not getting money from tax-payers (no matter where that money goes). Do you consider a cut of the corporate income tax at the federal level a cost to the federal government?
Failed logic. Again, why not give me $10b in tax credits? I'll even pay my taxes so its of no cost to the tax payer, right??
I propose that we eliminate corporate income taxes instead of subsidizing Hollywood.
Posted on 8/13/14 at 9:31 am to I B Freeman
quote:Glad to see businesses are doing well in Louisiana!!
Film Industry a Boon to La!
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
Posted on 8/13/14 at 9:31 am to BBONDS25
quote:
I am surprised to see a conservative so upset about the state not getting money from tax-payers (no matter where that money goes). Do you consider a cut of the corporate income tax at the federal level a cost to the federal government?
Have you ever seen anyone of any political school advocate that people should direct money to a chosen industry providing no services instead of paying taxes??
Send $10000 to IB and you won't have to pay $10000 in taxes.
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
This post was edited on 8/13/14 at 9:32 am
Posted on 8/13/14 at 9:31 am to I B Freeman
quote:
I can't believe BBONDS claims to be a tax attorney is trying to make the argument he is making.
What's the difference in the state writing me a check for $10000 or forgiving $10000 in taxes I owe????
Because you are like the IRS agent I quoted earlier. You are thinking of it from the perspective of the state. I think of it from the taxpayer standpoint.
The non- filmmaker taxpayer can reduce his tax burden to the state by buying credits. That is a difference to the taxpayer.
The filmmaker will not have an obligation to the state by filming here.
The communities and other tax payers will benefit from the industry being in LA.
So while you are correct, from the State's position....writing a check or getting less in tax revenue means the same to their bottom line....I look at it from the tax-payers position. to them there is a difference.
I understand you will object to my examples. That is fine.
Posted on 8/13/14 at 9:33 am to Asgard Device
quote:
Again, why not give me $10b in tax credits?
Are they refundable and transferable?
quote:
I propose that we eliminate corporate income taxes instead of subsidizing Hollywood.
Im on board with this.
![](https://images.tigerdroppings.com/Images/Icons/Iconcheers.gif)
Posted on 8/13/14 at 9:34 am to I B Freeman
quote:
What's the difference in the state writing me a check for $10000 or forgiving $10000 in taxes I owe????
Film companies don't owe those taxes in the first place.
The government extorts the money out of other businesses and private citizens. Pay the film companies $90 or ELSE the state will tax you $100.
Id love to get some free tax credits that I can sell for cash.
This post was edited on 8/13/14 at 9:37 am
Posted on 8/13/14 at 9:35 am to doubleb
quote:
You may feel that this is good and the state has enough tax revenues already, and I agree with you there. I just believe that taxes should be cut across the board for everyone, and that we don't have any one industry flourishing while the rest of us pay for their "boom".
That's a far cry from the position that the program is horrible for the state. It isn't, unless one's sole focus is tax revenue, like our commie friend, I B. One could argue the program doesn't go far enough, but the private revenue and corresponding business growth it generates, is great, for anyone with a clue.
This post was edited on 8/13/14 at 9:36 am
Posted on 8/13/14 at 9:36 am to BBONDS25
quote:
.I look at it from the tax-payers position. to them there is a difference.
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
Then how about advocating the state give us all the money they are giving the film makes and let us all spend the money in our communities. That would be advocating for the taxpayer.
Posted on 8/13/14 at 9:37 am to Asgard Device
quote:
The government extorts the money out of other businesses and private citizens.
Have tax rates increased on other businesses and private citizens?
quote:
Pay the film companies $90 or ELSE the state will tax you $100.
Or....you owe the state $100....unless you would like to pay $90 for credits.
quote:
Id love to get some free tax credits that I can sell for cash.
Make a movie.
Posted on 8/13/14 at 9:39 am to I B Freeman
quote:
Then how about advocating the state give us all the money they are giving the film makes and let us all spend the money in our communities. That would be advocating for the taxpayer.
I'm all for eliminating corporate income tax. but again..you use the phrase "giving the film companies". Not collecting does not equal giving. (except to statists like you that only consider the state's coffers).
That being said...as I always mention before I get into these damn threads...this is the same dance. we won't see eye to eye. Have a good day. Im sure we will do this agin soon!
![](https://images.tigerdroppings.com/Images/Icons/Iconcheers.gif)
Posted on 8/13/14 at 9:45 am to BBONDS25
quote:
quote: Pay the film companies $90 or ELSE the state will tax you $100.
Or....you owe the state $100....unless you would like to pay $90 for credits.
How is that not extortion? If I fail to pay a private entity $90 then the state penalizes me for $100.
quote:
Make a movie.
Why should I need to make a movie? It's not costing the state anything, right? Why not give me $10b transferable in tax credits? Ill help stimulate the local economy at no cost to the state. It's a win-win!
Do the exercise in logic and tell me what will happen? I will still pay the taxes I owe so the state doesn't lose any revenue. :wink:
This post was edited on 8/13/14 at 9:51 am
Posted on 8/13/14 at 9:49 am to OTIS2
quote:
That's a far cry from the position that the program is horrible for the state. It isn't, unless one's sole focus is tax revenue, like our commie friend, I B. One could argue the program doesn't go far enough, but the private revenue and corresponding business growth it generates, is great, for anyone with a clue.
No doubt the program creates some business that wouldn't normally be taking place in La.
But from the report the Leg. Auditor made, there's no way its close to a break even proposition for the state treasury.
Now I understand the dislike for govt., taxes, and etc. I share that dislike and believe me, I have paid plenty of taxes in the past; but IMHO taxes are there to provide basic services required of the state and not to pick and choose life winners.
Now its common for govt. to subsidize the Saints, different industries, and in this case the Film Industry. The question though is it all worth it, and does the state and its citizenry benefit enough to justify the amount of tax revenues that the state is using on these entities whether it be directly or through subsidies.
There is no doubt the Film Industry is flourishing in La. The question I have is can we afford to pay for this "boom", would the industry crumble without the help, and if the "boom" is so big how is it helping every day citizens who aren't in the film business.
Posted on 8/13/14 at 9:49 am to Asgard Device
quote:
How is that not extortion? If I fail to pay a private entity $90 then the state penalizes me for $100
![](https://images.tigerdroppings.com/Images/Icons/Iconconfused.gif)
quote:
Why should I need to make a movie? It's not costing the state anything, right? Why not give me $10b transferable in tax credits. Do the exercise in logic and tell me what will happen? I will still pay the taxes I owe so the state doesn't lose any revenue. :wink
Refundable and transferable? What economic effect outside of the credits will you create?
Posted on 8/13/14 at 9:54 am to BBONDS25
quote:
What economic effect outside of the credits will you create?
Net positive. I will spend every dollar in the state. It'll create jobs, etc.
Transferable of course. That will be even better because you can reduce your tax burden by paying me, instead.
The state wouldn't have to pay a dime.
Posted on 8/13/14 at 9:55 am to Asgard Device
quote:
How is that not extortion?
Please don't misuse a legal term. Exercise of a legal right is not extortion. The state charges income tax to it's income earning citizens. Like it or not, that's legal. The qualified taxpaying citizen can get a discount on that tax liability by purchasing tax credits. That, too, is legal. No extortion comes into play.
As a lawyer, I owe my career to dumb people and dumb actions. Thank you, from the bottom of my bank account.
![](https://images.tigerdroppings.com/Images/Icons/Iconcheers.gif)
Posted on 8/13/14 at 10:09 am to OTIS2
quote:
As a lawyer, I owe my career to dumb people and dumb actions. Thank you, from the bottom of my bank account
I've purchased the tax credits myself to lower my taxes.
But the discussion should be about whether or not the program is good for the state and its citizens.
We know it's great for the film industry and its good for others that use the tax credits.
Posted on 8/13/14 at 10:17 am to OTIS2
webster says
extortion noun (Concise Encyclopedia)
Unlawful exaction of money or property through intimidation or undue exercise of authority. It may include threats of physical harm, criminal prosecution, or public exposure.
of all the misused words in this thread and you choose to correct 'extortion'? OK, taxes are generally considered lawful, but so was slavery at one time...and I think everyone else 'got' the point he was making, so save your keen legal mind for issues that need to be addressed like why gov't can decide some have to pay taxes and others don't depending on what business they won...
![](https://images.tigerdroppings.com/Images/Icons/Iconrotflmao.gif)
extortion noun (Concise Encyclopedia)
Unlawful exaction of money or property through intimidation or undue exercise of authority. It may include threats of physical harm, criminal prosecution, or public exposure.
of all the misused words in this thread and you choose to correct 'extortion'? OK, taxes are generally considered lawful, but so was slavery at one time...and I think everyone else 'got' the point he was making, so save your keen legal mind for issues that need to be addressed like why gov't can decide some have to pay taxes and others don't depending on what business they won...
![](https://images.tigerdroppings.com/Images/Icons/Iconrotflmao.gif)
Posted on 8/13/14 at 10:22 am to Ole War Skule
And a hearty "Thanks!" too you, also. Keep on keepin' on!!!
This post was edited on 8/13/14 at 10:23 am
Posted on 8/13/14 at 10:31 am to OTIS2
Not to mention the extortion the film makers employ.
"Give us 30-35% of our expenses or we are moving out of the state."
I have never seen a more twisted argument than BBONDS has put forth here today and Otis simply does not have a clue that the State is taking money from all of us and giving it to filmmakers. We don't have a choice. They wrench taxes from our pockets and give it to California film makers.
"Give us 30-35% of our expenses or we are moving out of the state."
I have never seen a more twisted argument than BBONDS has put forth here today and Otis simply does not have a clue that the State is taking money from all of us and giving it to filmmakers. We don't have a choice. They wrench taxes from our pockets and give it to California film makers.
Popular
Back to top
![logo](https://images.tigerdroppings.com/images/layout/TDIcon.jpg)