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Life, art, Arnold, taxes

May 19, 2011

When life meets art, or vice versa, the intersections are often more interesting than the eventual creative endeavor.

Take the case of Arnold Schwarzenegger, the former California governor who's working through some messy family issues while also trying to resurrect his film career.

The New York Times reports that Arnold's first post-political project is "Cry Macho," featuring the male lead character's complicated relationship with an 11-year-old boy who unexpectedly turns up in his life.

The vague similarities to Schwarzenegger's personal life right now aren't the only "hmmm" inducing details.

Cry_macho_book-cover If the movie script follows the novel upon which it's based, it's possible that the former Governator of a state that's smack-dab in the middle of the immigration debate will have a scene in which he crashes the United States-Mexico border, albeit he'll be coming into Texas.

But the production item that really caught my eye concerns where the movie will be filmed.

Although "Cry Macho" is set mostly in Texas and Mexico, the Times reports that primary shooting will be in New Mexico. Why? To take advantage of that state's movie and television tax incentives.

Film, tax and state policy followers might totally recall that as Golden State governor, Schwarzenegger worked to keep as many movies as possible filming in California.

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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