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Why Hollywood Went Southern (Hint: Taxes)

Richard Rider, Chair, San Diego Tax Fighters Wrote: Jan 28, 2013 12:14 PM

Prior to Prop 30 passing, CA already had the 2nd worst state income tax rate in the nation. Our 9.3% tax bracket started at $48,029 for people filing as individuals. 10.3% starting at $1 million. Now our retroactive (to 1/1/2012) “millionaires’ tax” rate is 13.3% – including capital gains. Increased taxes now start at $250K. CA now has by far the nation’s highest state income tax rate. We are 21% higher than the 2nd highest state (Hawaii), 34% higher than the 3rd highest state (Oregon), and a heck of a lot higher than all the rest – including 7 states with zero state income tax. CA is so bad, we also have the 2nd highest state income tax bracket. AND the 3rd. Plus the 5th and 7th. http://taxfoundation.org/sites/taxfoundation.org/fi

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SonofaVet Wrote: Jan 28, 2013 1:51 PM

And despite these high taxes (even before they were raised) CA is drowning in red ink.

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Why Hollywood Went Southern (Hint: Taxes)

Hollywood is shifting production away from Los Angeles thanks to something many of its stars seem to oppose—lower taxes.

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Excerpted from Townhall Magazine's February feature, "Why Hollywood Went Southern," by John Hanlon:

In the 2011 blockbuster “Battle: Los Angeles,” the City of Angels faced an attack from an outside force that threatened everyone in the town and their way of life.

In reality, though the alien enemy from that film doesn’t exist, an...

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