Hollywood Shocked That Sacramento's Taxman Was Coming After Them!... Temporarily (Episode 174)

Special thanks to Kamran Pasha and Chase Peel, who made me aware of this almost-disaster.

One of Hollywood's sacred cows is its ability to pretend that everyone should pay their "fair share" of taxes, but then do everything to make sure they are exempted. Thus, the popularity of "loan out deals." Sacramento and Newsom, in their ever increasing voracious appetite for more cash, decided to come after Hollywood's greatest tax shelter in an attempt to get rid of these tax havens and make the industry pay. What part of Hollywood is made up of a lot of not only rich people, but WEALTHY people who have influence? Nevertheless, it does show that Hollywood royalty is just like everyone else... they want their money for themselves!