With just days looming until automatic spending cuts kick in across all levels of government, from Medicare recipients to America’s defense, money is on everyone’s mind. It comes as a surprise to many then, just how misallocated taxpayer dollars are.
While families across America are pinching pennies just to get by, Hollywood sure isn’t. And those Oscar winners? They bagged all kinds of tax cuts:
“Django Unchained, featuring Jamie Foxx and Leonardo DiCaprio has applied to receive an estimated $8.4 million in film tax credits from the State of Louisiana. Actor-director Ben Affleck and producer George Clooney’s film, Argo, received $6.21 million in tax credits from the California Film Commission. Steven Spielberg’s Lincoln, featuring Daniel Day-Lewis, Sally Field, and Tommy Lee Jones, hauled in $3.5 million in tax-free film credits. Silver Linings Playbook bagged a cool $5.6 million.”