{"id":5865,"date":"2019-01-10T09:30:49","date_gmt":"2019-01-10T14:30:49","guid":{"rendered":"https:\/\/masspirates.org\/blog\/?p=5865"},"modified":"2019-01-10T09:23:49","modified_gmt":"2019-01-10T14:23:49","slug":"hollywood-rakes-in-nearly-90-million-in-massachusetts-revenue","status":"publish","type":"post","link":"https:\/\/masspirates.org\/blog\/2019\/01\/10\/hollywood-rakes-in-nearly-90-million-in-massachusetts-revenue\/","title":{"rendered":"Hollywood rakes in nearly $90 million in Massachusetts revenue"},"content":{"rendered":"<p>We have <a href=\"https:\/\/masspirates.org\/blog\/2017\/01\/04\/mass-lines-hollywoods-pockets-with-half-a-billion-dollars\/\">long opposed the Massachusetts Film Tax Credit<\/a>. Two years ago we noted that in 2014, Hollywood took us for $64.5 million. In 2015, the cost in revenue was\u00a0<a href=\"https:\/\/www.mass.gov\/files\/documents\/2018\/03\/23\/dor-other-reports-mass-film-industry-tax-incentives-2015.pdf\">$72.5 million<\/a>. The <a href=\"https:\/\/www.bostonglobe.com\/metro\/2019\/01\/08\/patriots-day-got-million-state-subsidy-new-records-show\/HNjbPtV5VDWS6GmXBcgtAP\/story.html\">numbers are out for 2016<\/a> and <a href=\"https:\/\/www.mass.gov\/files\/documents\/2018\/12\/19\/dor-revised-cy2016-tax-credit-transparency-report.pdf\">we lost $88.8 million in revenue that year<\/a>.<\/p>\n<p>Giving money to Hollywood is bad enough. Due to the industry&#8217;s creative accounting, most films never make a profit on paper.\u00a0 As a result, the film tax credits are never used to pay taxes accrued on the films. Instead, many of them are sold off at a discount to non-film Massachusetts businesses, causing a loss in tax revenue.<\/p>\n<p>The legislature&#8217;s excuse is that films create jobs. In 2017, the <a href=\"https:\/\/www.bls.gov\/OES\/current\/oes_ma.htm#00-0000\">average salary in Massachusetts was\u00a0<\/a><span>$62,110.\u00a0<a href=\"https:\/\/www.mass.gov\/files\/documents\/2018\/03\/23\/dor-other-reports-mass-film-industry-tax-incentives-2015.pdf\">It cost $102,888 in tax credits for each job created<\/a>.\u00a0<\/span>Additionally, a film won&#8217;t get a tax credit unless it spends more than $50,000 in Massachusetts. Your small up and coming local film maker doesn&#8217;t benefit from the tax credits.\u00a0<span>We are losing on the deal and Hollywood is profiting.\u00a0\u00a0<\/span><\/p>\n<p><span>The <a href=\"http:\/\/www.massbudget.org\/report_window.php?loc=The%20Massachusetts%20Film%20Tax%20Credit.html\">legislature is good at giving our money away to Hollywood<\/a>, General Electric, Amazon and many other companies.<\/span><span>\u00a0It is past time we ended these corporate subsidies. We need your help getting Pirates into the legislature who will roll back these expensive and useless tax breaks.\u00a0 Please support us with\u00a0<\/span><a class=\"extern\" href=\"https:\/\/masspirates.org\/crew\/forms\/support-the-pirate-party\">your time<\/a><span>\u00a0and\u00a0<\/span><a class=\"extern\" href=\"https:\/\/secure.piryx.com\/donate\/ZeBuHGQi\/Massachusetts-Pirate-Party\/\">money<\/a><span>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We have long opposed the Massachusetts Film Tax Credit. Two years ago we noted that in 2014, Hollywood took us for $64.5 million.&hellip;<\/p>\n","protected":false},"author":2,"featured_media":4255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6,40,32,8],"tags":[],"class_list":["post-5865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-copyright","category-corporate-welfare","category-slider","category-organizing"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/masspirates.org\/blog\/wp-content\/uploads\/2015\/12\/pacmanEatingDollarsBanner.png","jetpack_shortlink":"https:\/\/wp.me\/p1W8mg-1wB","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/masspirates.org\/blog\/wp-json\/wp\/v2\/posts\/5865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/masspirates.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masspirates.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masspirates.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/masspirates.org\/blog\/wp-json\/wp\/v2\/comments?post=5865"}],"version-history":[{"count":4,"href":"https:\/\/masspirates.org\/blog\/wp-json\/wp\/v2\/posts\/5865\/revisions"}],"predecessor-version":[{"id":5869,"href":"https:\/\/masspirates.org\/blog\/wp-json\/wp\/v2\/posts\/5865\/revisions\/5869"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/masspirates.org\/blog\/wp-json\/wp\/v2\/media\/4255"}],"wp:attachment":[{"href":"https:\/\/masspirates.org\/blog\/wp-json\/wp\/v2\/media?parent=5865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masspirates.org\/blog\/wp-json\/wp\/v2\/categories?post=5865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masspirates.org\/blog\/wp-json\/wp\/v2\/tags?post=5865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}