Posted on 10/27/2015 5:36:09 PM PDT by Kid Shelleen
At least $335 million of the state’s controversial film tax credits have been sold off to corporations and individuals that critics say likely have nothing to do with the movie the perk was intended for, in a secondary market largely shrouded from public view, a Herald review of state records has found.
--SNIP-- Established in 2006, the film tax credit is a 25 percent rebate filmmakers earn if they spent at least $50,000 in Massachusetts. But many don’t end up owing enough in state taxes, and the credits are legally transferable, meaning that filmmakers can sell them — on average for 90 percent of their value.
(Excerpt) Read more at bostonherald.com ...
More to the point, the RATs give their Marxist buddies in the “film industry” tax credits that they sell ( for a profit ) and then they kick back some those taxpayer dollars to the very RAT politicians who gave them the “tax credits” in the first place. Kinda like Solyndra.
Excellent summation and analysis.
The greedy bass turds want carbon tax credits for similar self serving reasons.
“More to the point, the RATs give their Marxist buddies in the “film industry” tax credits that they sell ( for a profit ) and then they kick back some those taxpayer dollars to the very RAT politicians who gave them the “tax credits” in the first place. Kinda like Solyndra.”
Excellent summation and analysis.
The greedy bass turds want carbon tax credits for similar self serving reasons.
“More to the point, the RATs give their Marxist buddies in the “film industry” tax credits that they sell ( for a profit ) and then they kick back some those taxpayer dollars to the very RAT politicians who gave them the “tax credits” in the first place. Kinda like Solyndra.”
I agree. Excellent insight by vette6387. I wish FreeRepublic had a way to show how many people “liked” a comment.
CRONY GOVORNMENTALISM at its best!
CRONY GOVORNMENTALISM at its best!
CRONY GOVORNMENTALISM at its best!
CRONY GOVORNMENTALISM at its best!
CRONY GOVERNMENTALISM at its best!
CRONY GOVERNMENTALISM at its best!
[*]freerepublic.com
CONY GOVERNMENTALISM at its best!
CONY GOVERNMENTALISM at its best!
CONY GOVERNMENTALISM at its best!
CRONY GOVERNMENTALISM at its best!
I think it ay be...
Crony Govormentalism?
bump
Crony capitalism is a misnomer, crony governmentalism is more accurate.
I think it ay be...???
please tell me again that the rules are the same for me and them...
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