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Presenting Cautionary Tales | Lights, Camera, Tax Break

9 snips
May 23, 2025
Tim Harford, host of Cautionary Tales, dives into the intriguing and often messy intersection of Hollywood and tax evasion. He unveils the scandal behind the production of 'Marty,' spotlighting Ernest Borgnine's struggles and triumphs in the industry. From the challenges of navigating casting decisions to the impact of tax laws on creativity, the discussion highlights the often-hidden pressures actors face. Harford also reflects on the excitement of award season, particularly Borgnine's emotional Oscar acceptance speech, emphasizing the complex reality of fame.
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ANECDOTE

Ernest Borgnine's Big Break

  • Ernest Borgnine struggled with typecasting as heavies but got a rare shot at a lead role in Marty.
  • His emotional audition moved the director and writer to tears, securing him the part.
INSIGHT

Hollywood Tax Evasion Schemes

  • High income in Hollywood faced 94% tax making stars seek tax breaks or avoid work.
  • Popular loopholes included oil investments and using foldable corporations to shift income and avoid personal tax.
ANECDOTE

Filming Marty in the Bronx

  • Marty was filmed on location in the Bronx amidst tough local opposition.
  • Ernest was initially threatened but won locals over with his Italian-American roots and friendly gestures.
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