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Fiscal Cliff Deal: Hollywood Gets Tax Incentive Extension
The chosen ones.....
Just more Crony-Communism......
and they are laughing at YOU.

The Senate passed legislation meant to end the "fiscal cliff" crisis in the wee hours of the morning. And it seems Hollywood's rigorous backing of President Barack Obama and his Democrat peers in the waning months of 2012 paid off.

Section 317 of the freshly approved legislation includes an extension for "special expensing rules for certain film and television productions." Congress first enacted production tax incentives favorable to the domestic entertainment industry in 2004, and extended them in 2008, but the deal was meant to expire in 2011.

The fiscal cliff deal extends the tax incentives through 2013--even as payroll taxes rise on ordinary Americans.

The original tax incentive applied to productions costing less than $15 million to make ($20 million in low-income areas). The 2008 extension applies to all films, up to a deduction of $15 million (or $20 million in low-income areas). The incentive is especially generous to television series; it applies to each TV episode.

Hollywood players routinely beg the government to raise their taxes so they can pay their "fair share."
"In 4 more OMao years you won't like how America looks....I guarantee it."
“When injustice becomes law, resistance becomes duty.” -- Thomas Jefferson
Someone's has to keep on making the "circuses" too bad Twinkies are gone...
Anyone want to start an asparagus plantation with me? Angel
We should not forget that the spark which ignited the American Revolution was caused by the British attempt to confiscate the firearms of the colonists. - Patrick Henry

These are probably the same celebrity assholes who were down at Occupy Wall Street and "fighting the man". Dodgy
[Image: pa_zps59e4c512.png?t=1379682235]
She could eat an apple through a chain link fence. LOL....
Shrug Ive got my eyes on you

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