Remove tag windfall tax
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Coachella By The Numbers Looks More Like Cashella

PYMNTS

million just in taxes from ticket sales, comprising 5 percent of the city’s general fund, while its overall economy enjoys a $106 million boost thanks to the festivals. Here are just a few of the expenses that festivalgoers are tacking on to their weekend price tag (and who’s making money off it). The nearby city of Indio takes in $3.18

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Transcript: Howard Lindzon

Barry Ritholtz

I can either just give it away for free, which, you know, I started the cash tag dollar sign… RITHOLTZ: Right. We have other people who’ve had these giant windfalls. How do I go about protecting this giant pool of capital and how do I not get killed tax wise? LINDZON: They have their own tax problems.

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