The Movie Tax

I would like to make an announcement. As of today I am officially starting a movement called The Movie Tax Movement. (If I can come up with a better name later I may change it) The goal is to stop giving the Big Film Industry these outrageous tax breaks while middle America struggles to get by.


So what is the Movie Tax Movement or MTM'08? Well I'll tell you. I believe, though nobody else may that I am an intelligent, hard working, self motivated person with a reasonable understanding of the economy. Which is why it absolutely blows my mind that the Senate passed some rediculuous bailout bill totaling over $700 billion. It's insane. My plan is much simplier and would actually benefit middle america.


Here is my proposal. I think we need to put an end to the outragous profits once and for all in Hollywood. How can it be that the average Americans can't even pay their mortgages, or buy food for their families, or school supplies for their kids, yet Hollywood actors and actresses, and filmmakers are making record profits. I can't even go out on a date to a movie without spending over $20-25. Well I say enough is enough.


My proposal is a 15% movie profit tax. It would work very much like the current capital gains tax except there are no loopholes to get around paying it. If you make money on a movie 15% goes to uncle sam. End of story. However, those funds will not go right into the IRS slush fund, instead it will go directly to public schools to buy new supplies, books and desks (for Students).

Secondly, as part of the MTM'08 I am proposing the Film Industry Income Tax. (FIIT) This tax is simple. Any person earning at least half of their salary from film, TV, commercials, and other advertising, and if the earnings are over $250,000 a year there will be a 50% luxury tax. Again, same as before, no loopholes, no exceptions, no questions. Additionally, if you wanted to not have your money taxed by the IRS at 50%, you must donate all of your salary above $250,000 to public schools.

I recently looked up gas prices and over past 50 years and compared them to movie ticket prices over the past 50 years and the results are pretty amazing. People don't seem to have any problem paying outrageous prices for movies yet they freak out when gas prices go up a little. Well the time has come that people realize just how much they are getting ripped off by the big movie business. It's time to take those outrageous profits that Hollywood producers and actors are making and put those profits to good use. I saw something in the news too that said there is a big tax break for the film industry in the bailout package. Can someone please explain how the movie business has anything to do with the finance and mortgage industry? I have a theory and it involves corrupt politions and backroom deals being made.

So please join me in trying to put an end to madness and together we put an end to the runaway spending and salaries in the Movie business.

Thank you.