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Clint Eastwood Taxes: Director Benefited From Generous Credits
Film director Clint Eastwood will be cheering on Mitt Romney and his party's "you didn't build that!" message during Thursday night's Republican National Convention festivities.
But there's one small problem: Clint Eastwood didn't build that.
Just like the small business owners who spoke on previous nights at the convention in Tampa, Fla., Eastwood, a hugely successful independent filmmaker, has benefited from generous tax credits to produce his movies all over the world -- the same kinds of film tax credits that Romney signed into law as governor.
Eastwood received a 42 percent tax credit in 2008 after shifting the setting of his movie "Gran Torino" from Minneapolis to Detroit, a city dubbed by The New York Times as "the home of 42 percent tax credits for films made there."
Eastwood also took advantage of a Massachusetts tax credit in 2003 for filming "Mystic River" in that state.