The Jon Lovitz Tax Rant: If Obama Loses the Hollywood Left

Daniel you are of course correct that most of the rich pay taxes at the capital gains rate but in the case of Hollywood deductions also play a big part (pardon the pun). Those big screen tvs you see on Cribs are write offs business expenses necessary to keep them abreast of the latest happeneing in the entertainment industry. Their entire wardrobe is a write off regardless if ever worn on the red carpet. Food bills once again written off as diet is necessary to attaining certain roles. Until recently all those luxurious gift baskets were not counted as income. The list goes on. Hollywood doesn't mind taxes because they don't pay them Jon Lovitt needs a new accountant.