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Why are movies given tax breaks at all, is the question.
by verisimi 3y ago
Why are movies given tax breaks at all, is the question.
- fred_is_fred 3y agoI think this specifically is a write off, same as if you made 500,000 widgets and nobody bought them.
- prepend 3y agoIt’s not specific for movies. All businesses only pay taxes on profit. And the expenses spent to produce things are a “tax break” to offset revenue. This is done because it’s hard to pay taxes if you don’t make a profit as your money is already spent on other stuff like resources, people, etc.