F'ing Philly taxes. :BangHead:
I work at the Navy Yard Corporate Center and my income tax from the City is more than the from the State of PA!
I wouldn't go anywhere near the City or spend a dime there if I didn't have to go there for work. They keep raising taxes and adding new ones then they wonder why they can't get businesses or people to stay in the City or even get anyone to shop there.
The Navy Yard Corporate Center is a special tax free zone for Corporations, but not employees. Once they finish building it up, they will repeal the tax incentives for the businesses and then wonder why when they eventually abandon the place.
Yep kaverner had a deal with the city and state I guess about a dozen years back at the yard. No taxes. They agreed to buy all materials to build ships from local merchants. Then they got caught trying to skate around it. They claimed some items couldn't be bought local. Guess who owned the foreign companies that supplied them. Clue it begins with a K. As soon as that was stopped they pulled out.
Philly mentality is to incentivize to get businesses in to develop a spot and then tax them to death forcing them to abandon it and destroy the spot back right back into blight.