Do State Film Tax Credits Benefit Taxpayers ... or Movie Stars? - News Summed Up

Do State Film Tax Credits Benefit Taxpayers ... or Movie Stars?


The highest paid actor in Hollywood last year, according to Forbes magazine, was Johnny Depp, earning an amazing $75 million, significantly more than runners up Ben Stiller and Tom Hanks. Taken as a group, the year's top 10 highest paid actors earned a collective $349 million. Thousands of miles away, in the relatively affluent state of Massachusetts, the median family income stands at $65,304, roughly 1,150 times less than Depp's take home pay. Why is it, then, that Massachusetts taxpayers are ponying up to support the film industry?


Source: Forbes May 31, 2024 20:40 UTC



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