Submitted by Film_Supporter (not verified) on Fri, 09/30/2011 - 9:06am.
I live in the real world... I work out of state a lot in this business and by doing so I pay income taxes in other states every year. I promise you that the individuals working here from out of state "Distant Hire" will be paying income tax to the great state of NC. So unless your accountant has found a loop hole taxes will be taken out of their paychecks.
Since they are said to be using all ten stages at Screen Gems. I would say they will be here for months...
If you want to talk financial benefit you must look at the whole picture... The production will buy goods from local vendors, and will pay sales tax when doing so. The Vendor makes good business in this economy, and it helps keep businesses open. The Production also will employ hundreds of people who will pay sales tax. these people will also take their "take home pay" to buy local goods to live off of. Some may actually get to put some money on there debt which we all know is a good thing. Word will spread, and people will flock to the area to get a glimpse of the filming process, which guess what that's right they will spend money on hotel rooms, or at least get a bite to eat while doing so... get the picture...
The movie the Rock was in was only here for a short period of time. Most of the movie was made in Hawaii. But both "The Rock", and Michael Caine were both here. and for the short period of time they were here Millions were spent.
I hope I answered some of your questions. If you want more detailed answers contact the local or state film offices, and they can explain to you exact numbers. All I know is without incentives we would be making $0...
Tax-Code??
I live in the real world... I work out of state a lot in this business and by doing so I pay income taxes in other states every year. I promise you that the individuals working here from out of state "Distant Hire" will be paying income tax to the great state of NC. So unless your accountant has found a loop hole taxes will be taken out of their paychecks.
Since they are said to be using all ten stages at Screen Gems. I would say they will be here for months...
If you want to talk financial benefit you must look at the whole picture... The production will buy goods from local vendors, and will pay sales tax when doing so. The Vendor makes good business in this economy, and it helps keep businesses open. The Production also will employ hundreds of people who will pay sales tax. these people will also take their "take home pay" to buy local goods to live off of. Some may actually get to put some money on there debt which we all know is a good thing. Word will spread, and people will flock to the area to get a glimpse of the filming process, which guess what that's right they will spend money on hotel rooms, or at least get a bite to eat while doing so... get the picture...
The movie the Rock was in was only here for a short period of time. Most of the movie was made in Hawaii. But both "The Rock", and Michael Caine were both here. and for the short period of time they were here Millions were spent.
I hope I answered some of your questions. If you want more detailed answers contact the local or state film offices, and they can explain to you exact numbers. All I know is without incentives we would be making $0...