809
edits
Changes
no edit summary
Logline: When an eccentric M.I.T. math professor develops a computer system for winning blackjack and tests it with mob-backed money in casinos, he loses his wife and job but redeems himself when his huge winnings cause a revolution in the casino industry. Based on a true story.
Logline: When an eccentric M.I.T. math professor develops a computer system for winning blackjack and tests it with mob-backed money in casinos, he loses his wife and job but redeems himself when his huge winnings cause a revolution in the casino industry. Based on a true story.
Motion pictures can be characterized as plot driven ("Body Heat" and "The Sting"), by their setting ("Star Wars" and "Harry Potter"), or character driven ("A Beautiful Mind" and "Catch Me If You Can"). This motion picture is character driven. As a result, Never Split Tens will be casting A-list actors in the roles of the protagonist, his wife, and the gangster. This will attract distributors in all modes, box office, electronic, and ancillary (please see Section Investor Share of Profits below).
Motion pictures can be characterized as plot driven ("Body Heat" and "The Sting"), by their setting ("Star Wars" and "Harry Potter"), or character driven ("A Beautiful Mind" and "Catch Me If You Can"). This motion picture is character driven. As a result, <i>Never Split Tens</i> will be casting A-list actors in the roles of the protagonist, his wife, and the gangster. This will attract distributors in all modes, box office, electronic, and ancillary (please see Section Investor Share of Profits below).
==Production Funding by Income Tax Credits and Deductions ==
==Production Funding by Income Tax Credits and Deductions ==
==Usual Funding Modes==
==Usual Funding Modes==
In the usual case, the film company obtains the tax credit after completion of filming. Our concept is to reverse the scenario: The producers of Never Split Tens will be obtaining a tax credit and are seeking an entity or individuals to provide a loan based on that tax credit as collateral before production begins. Accountants are encouraged to suggest this concept to their select clients seeking substantial no-risk tax savings.
In the usual case, the film company obtains the tax credit after completion of filming. Our concept is to reverse the scenario: The producers of <i>Never Split Tens</i> will be obtaining a tax credit and are seeking an entity or individuals to provide a loan based on that tax credit as collateral before production begins. Accountants are encouraged to suggest this concept to their select clients seeking substantial no-risk tax savings.
==Why Isn’t Everyone Doing This?==
==Why Isn’t Everyone Doing This?==
2. the large middle-man broker fees.
2. the large middle-man broker fees.
The producers of Never Split Tens are reversing the scenario. They will be obtaining a tax credit and are looking for an entity or individuals to provide a loan based on that tax credit as collateral before production begins.
The producers of <i>Never Split Tens</i> are reversing the scenario. They will be obtaining a tax credit and are looking for an entity or individuals to provide a loan based on that tax credit as collateral before production begins.
The producers therefore wish to approach those with large Illinois tax liabilities. Either corporations doing business in Illinois or attorneys in large firms are appropriate fits. Some of these have large incomes, large tax liabilities, and are associated with a significantly large number of partners. The appropriate manner by which to approach these groups is through their advising accountants.
The producers therefore wish to approach those with large Illinois tax liabilities. Either corporations doing business in Illinois or attorneys in large firms are appropriate fits. Some of these have large incomes, large tax liabilities, and are associated with a significantly large number of partners. The appropriate manner by which to approach these groups is through their advising accountants.
====Example B – Corporate====
====Example B – Corporate====
If a single firm provides the entire loan, its loan-investment of $2.9 million results in a $2.9 million federal deduction. For those in, for example, the 20% tax bracket, this results in a tax savings of $580,000. The earnings on the loan ($580,000+$100,000)/$2,900,000 x 100 = 23% for eight months, equivalent to 35% interest annualized. A corporation paying federal taxes at the 35% rate would earn 58% annualized.
If a single firm provides the entire loan, its loan-investment of $2.9 million results in a $2.9 million federal deduction. For those in, for example, the 20% tax bracket, this results in a tax savings of $580,000. The earnings on the loan ($580,000+$100,000)/$2,900,000 x 100 = 23% for eight months, equivalent to 35% interest annualized. A corporation paying federal taxes at the 35% rate would earn 58% annualized.
As mentioned earlier, please note that the request of $2.9 million, while based on a preliminary production budget estimate, is only for illustrative purposes.
NOTE: If the following Table is not visible in your browser, go directly to the Table here:</br>[[Media:Taxincentivescorporate.jpg]]
NOTE: If the following Table is not visible in your browser, go directly to the Table here:</br>[[Media:Taxincentivescorporate.jpg]]
Leslie M. Golden</br>
Leslie M. Golden</br>
Executive Producer</br>
Executive Producer</br>
<i>Never Split Tens</i> </br>
708-848-6677
708-848-6677