An Unlikely Group Of Billionaires And Politicians Has Created The Most Unbelievable Tax Break Ever

www.forbes.com

The Invest In Opportunity Act was the least-known part of last year's tax-cut law, but it could be the most consequential, promising to pump a massive amount of cash into America's most impoverished communities by offering wealthy investors and corporations a chance to erase their tax obligations.

This initiative is being spearheaded by Sean Parker (of Facebook and Napster), which will allow investors to roll over any capital gains into Opportunity Zone funds. If those funds are held for 10 years then there are no capital gain taxes! Will this revitalize and spur the economy in these opportunity zones, or will this accelerate gentrification?

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