Comments on: Watching Beyond the Trailer http://www.thecenterformichigan.net/blog/watching-beyond-the-trailer/ Thu, 04 Dec 2008 00:14:21 +0000 http://wordpress.org/?v=2.5.1 By: Neil Karl http://www.thecenterformichigan.net/blog/watching-beyond-the-trailer/#comment-27147 Neil Karl Fri, 16 May 2008 20:07:51 +0000 http://www.thecenterformichigan.net/blog/?p=832#comment-27147 Let us look at 3 of the business taxes to be eliminated by the Michigan Fair Tax. How do they apply to movie companies coming to Michigan to make a film, but not permanently moving their headquarters to Michigan. The movie filming is all expense. * MBT - None, the movie company is all expense. No headquarters, so there is no income to tax. Set up as a foreign corporation. * Business personal property tax - Minimal,bring only the cameras and other equipment needed for the brief time to shoot scenes. * Business sales and use taxes - Minimal, purchase all material in California and bring it to Michigan. * Expenses are: building leases, equipment rental, licenses, fees, motels, hotels, restaurants, and other expenses, local temp hiring. Pay all movie actors, producers, director, camera men, and other staff on California payroll. Do you see the picture, the 40 % tax credit is over-rated. Let us look at 3 of the business taxes to be eliminated by the Michigan Fair Tax. How do they apply to movie companies coming to Michigan to make a film, but not permanently moving their headquarters to Michigan. The movie filming is all expense.
* MBT - None, the movie company is all expense. No headquarters, so there is no income to tax. Set up as a foreign corporation.
* Business personal property tax - Minimal,bring only the cameras and other equipment needed for the brief time to shoot scenes.
* Business sales and use taxes - Minimal, purchase all material in California and bring it to Michigan.
* Expenses are: building leases, equipment rental, licenses, fees, motels, hotels, restaurants, and other expenses, local temp hiring. Pay all movie actors, producers, director, camera men, and other staff on California payroll.
Do you see the picture, the 40 % tax credit is over-rated.

]]> By: TeresaE http://www.thecenterformichigan.net/blog/watching-beyond-the-trailer/#comment-27136 TeresaE Fri, 16 May 2008 18:38:45 +0000 http://www.thecenterformichigan.net/blog/?p=832#comment-27136 I neglect to see how NEW business is costing the taxpayers anything. When are the tax and spend minds going to realize that 100% of NOTHING--which is what we had before the "breaks" is still NOTHING. But, what the heck. The new "fair" tax is driving out existing business at a record pace. Why bring ANY business here. Our citizens apparently don't need jobs and the government will just continue to spend money they no longer have. I neglect to see how NEW business is costing the taxpayers anything.

When are the tax and spend minds going to realize that 100% of NOTHING--which is what we had before the "breaks" is still NOTHING.

But, what the heck. The new "fair" tax is driving out existing business at a record pace. Why bring ANY business here.

Our citizens apparently don't need jobs and the government will just continue to spend money they no longer have.

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