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It’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 do
by prepend 3y ago
It’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.