Guess who's putting the "opportunity(/ism)" back in "opportunity" zone? The tax break for that salary could be nearly $50,000 annually for each lawyer. The lawyers will get the break after moving into the Cira Centre, a 28-story office tower planned for the Keystone Opportunity Zone next to 30th Street Station. It is scheduled to open in 2005. Such zones, set up by the state to rebuild poor neighborhoods by attracting firms from outside Philadelphia, have economic-development incentives that include a little-known provision that exempts partnership income - the lawyers' salaries - from taxation.
2/05/2004
About Me
- Name: Josh Eidelson
- Location: Sacramento, California, United States
Josh Eidelson received his Bachelor's and Master's Degrees in Political Science from Yale University, where he helped lead the Undergraduate Organizing Committee. He has written about local and national politics as an opinion columnist for the Yale DailyNews, a research fellow for Talking Points Media, and a contributor to CampusProgress.org. Views expressed here are solely his own. Contact: "jeidelson" at "gmail" dot com.
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