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re: what surprises me is the investment returned is taxed

Posted by: ryhog 10:07 pm EDT 08/09/14
In reply to: what surprises me is the investment returned is taxed - dramedy 06:56 pm EDT 08/09/14

this is not the place to get into taxes but what you have described is not correct.


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variety had an article on june 28 2013

Posted by: dramedy 02:48 pm EDT 08/10/14
In reply to: re: what surprises me is the investment returned is taxed - ryhog 10:07 pm EDT 08/09/14

That stated the law was going to be changed so that investors didn't have to pay taxes on income until the show recoups for shows undrr 15m. Id link the article but I cant cut and paste ljnks on my tablet. The srticle csn be found with broadway investment tax variety. its about the 6th paragraph down


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re: variety had an article on june 28 2013

Posted by: ryhog 03:30 pm EDT 08/10/14
In reply to: variety had an article on june 28 2013 - dramedy 02:48 pm EDT 08/10/14

What you said was that the investor was taxed on what was returned to them, which is incorrect. The taxation is on the earnings of the corporation during the year, irrespective of any return of capital to investors. And what the lobbyists argued in this new law was for a tax break-putting stage shows on par with films, but giving them a benefit other companies don't get.


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ok

Posted by: dramedy 06:03 pm EDT 08/10/14
In reply to: re: variety had an article on june 28 2013 - ryhog 03:30 pm EDT 08/10/14

I guess I misinterpreted the article.


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