Posted on 08/05/2012 2:12:25 PM PDT by moneyrunner
Glenn Reynolds makes an amazingly good suggestion.
There's an old joke about a boy who complains to his mother that his little sister keeps pulling his hair.
"Oh," responds the mother, "she doesn't know that it hurts."
A few minutes later, the mother hears the girl scream and runs into the other room. "She knows now," the boy explains.
There's a lesson for Republicans in that old joke, if they're smart enough to absorb it.
Here are a few for starters:
Restore the 20 percent excise tax on motion picture theater gross revenues (and end the accounting practices that allow movies that make their producers and actors wealthy while showing a "loss" for tax purposes).
Require foundations to spend at least 10 percent of their endowment each year, ending the ability of Leftist administrators to influence the culture tax free forever.
Limits on the charitable deductions. to a $50 million lifetime limit and a $5 million annual limit. Why should fat cats like Warren Buffett and Bill Gates be able to get millions in tax deductions that average Americans can't?
Capping the mortgage interest deduction to houses worth over $250,000. Hit residents of big cities like San Francisco and New York harder? That's not a bug, it's a feature.
Sounds like a great idea to me!
Don’t like the cultural, moral or political viewpoint made by a business or its owner don’t patronize it. Being a California taxpayer I am not given that option with the leftist, culturally corrupt, and morally depraved product put out by Hollywood.
http://www.film.ca.gov/Incentives.htm
Why should an actor make 40 or 50 million for a movie and then get residuals every time it shows on TV? Why not give the residuals to charitable causes? Why not cap entertainment profit at expenses plus 15%?
As usual the hypocrisy is blatant in watching the liberals fawn over the likes of Oprah, Leno, Tom Hanks or Bill Gates, while they scream bout those they don't adore.
Wall Street Journal wrote an article on the Media now being the largest collection of 1%ers in the world.
They continue to fight for raising taxes on us while demanding tax breaks for themselves.
Their position is that such tax breaks rob local communities of much needed funds for schools, the homeless, the elderly, single mothers , homeless, etc.
I believe the movie industry is similar to “big education”.
You have idiot politicians like Jennifer Granholm and Jerry Brown giving them big subsidies and tax incentives which get re-routed back to liberal campaign causes.
So some of us have become Liberals because we don’t like Hollywood? Seriously?
A business is a business. These tax cuts create jobs. Some need to stop acting like RATS.
I’ve been pushing similar ideas for a while now, but the politicians on our side of the aisle are a bunch of pansies.
In addition to those mentioned in the article, here’s a couple of more taxes I’ve proposed to make certain that Hollywood and all the leftist Foundations pay “their fair share”:
A 90% “windfall” income tax on income above $250K on move actors. producers et al.
And I had a mortgage deduction idea for mutliple home owners, but I like the one in the article better than mine.
Require Foundations to capital gains taxes of 90% on all investments (hey that money didn’t come from a “charitable gift” it came from investing, why shouldn’t it be taxed?)
An excise tax on “entertainment” items (I especially want o see it applied to movie and live event tickets especially sports). This will be justified by a similar logic as the Pittman-Robertson Act which levies an excise tax on sporting goods. The reasoning being that the funds collected are to be used to supports “the arts”, but just like PR funds they’ll go straight into the general fund to be spent on whatever pleases congress.
They know tax breaks create jobs.
Alec Baldwin said:
"In February 2009, Baldwin spoke out to encourage state leaders to renew New York's tax break for the film and television industry, stating that if the "tax breaks are not reinstated into the budget, film production in this town is going to collapse... "
At the end of Reynolds’ article...
“If some of them wind up sounding like Art Laffer, well, that’s just a bonus.”
Laffer was on FOX this morning and admitted he voted for Clinton twice and said he was proud of it.
Good suggestions by Reynolds on tax breaks for the socialists. DEFUND socialist collectives. DEPOPULATE them from the body politic.
T.E.A.
Restore the 20 percent excise tax on motion picture theater gross revenues (and end the accounting practices that allow movies that make their producers and actors wealthy while showing a "loss" for tax purposes). Require foundations to spend at least 10 percent of their endowment each year, ending the ability of Leftist administrators to influence the culture tax free forever. Limits on the charitable deductions. to a $50 million lifetime limit and a $5 million annual limit. Why should fat cats like Warren Buffett and Bill Gates be able to get millions in tax deductions that average Americans can't? Capping the mortgage interest deduction to houses worth over $250,000. Hit residents of big cities like San Francisco and New York harder? That's not a bug, it's a feature.
bump
Treat the movie entertainment business like the cash cow tobacco industry. If they want to add a buck a pack for smoker education and healthcare then add $2 bucks to a movie ticket to pay for medical care and mental therapy for people that are drug addicted, alcoholic, sex addicts or determined violent due to movie influences.
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