Real Steel or Reel Steal? New Film Costs $4.26 Per Michigan Taxpayer
The Hollywood big budget adaptation of Rock’em Sock’em Robots, Real Steel, hits theaters this Friday. This is one of the many movies filmed in Michigan and supported by Michigan tax dollars through the state film incentive program, which unfairly singles out films for special grants from the taxpayer. If you disagree with this incentive, feel free to ask for a $4.26 discount on your ticket for this movie — it’s approximately what the state spent on it per taxpayer.
The incentive gives the film producers up-to 42 percent refundable tax credit of whatever they spend in the state — essentially the state treasury writing checks to movie makers.
Michigan’s film incentive program is expiring in January 2012, but will be replaced with a direct $25 million expenditure. If Michigan is still in the business of awarding tax money to film producers, residents that disagree with this expense should at least get a discount in lieu of repeal.
Michigan Capitol Confidential is the news source produced by the Mackinac Center for Public Policy. Michigan Capitol Confidential reports with a free-market news perspective.