July 6, 2011
WANT NEW SOURCES OF REVENUE? If I were a Republican member of Congress, I’d be proposing big excise taxes on movie tickets, DVDs, CDs, digitial movie and music downloads, etc. Then let Hollywood scream about how the tax increase would destroy American jobs. . . .
A fancier approach would require knowledgeable accounting advice, but would target the various bits of favorable treatment those industries get in terms of deductions, but that’s hardly necessary.
UPDATE: Don’t miss this plan for eliminating Hollywood tax loopholes, either. Hey, some people have made enough money. Shared sacrifice!