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Puerto Rico: New tax haven or land of broken dreams?
invite response
2018 Mar 29, 1:47pm 2,217 views 3 comments
Comments 1 - 3 of 3 Search these comments
1
lostand confused
2018 Mar 29, 1:52pm
lostand confused
2018 Mar 29, 1:52pm
You are exempt from federal taxes? That is hard to believe-the stupid federal govt taxes you even if you live in another country?
2
CBOEtrader
2018 Mar 29, 1:54pm
CBOEtrader
2018 Mar 29, 1:54pm
lostand confused says
I'm no expert. Just reading the article. Is the zero % capital gains claim inaccurate?
You are exempt from federal taxes? That is hard to believe-the stupid federal govt taxes you even if you live in another country?
I'm no expert. Just reading the article. Is the zero % capital gains claim inaccurate?
3
MisdemeanorRebel
2018 Mar 29, 2:30pm
MisdemeanorRebel
2018 Mar 29, 2:30pm
Puerto Rico has all the advantages of a country, with all of the bills paid by the USA.
They get their own flag at the Olympics, don't have to pay federal income tax in Puerto Rican income, instantly eligible for Federal welfare programs in and out of Puerto Rico. But elect their own incredibly corrupt officials, insist to everybody they aren't American, kick out all the USN Navy Bases then demand economic aid after the economy crumbles in the towns that were near it, and celebrate Maduro and Castro.
Until a disaster strikes, then they rediscover they're Americans as if by magic, what a coincidence.
They get their own flag at the Olympics, don't have to pay federal income tax in Puerto Rican income, instantly eligible for Federal welfare programs in and out of Puerto Rico. But elect their own incredibly corrupt officials, insist to everybody they aren't American, kick out all the USN Navy Bases then demand economic aid after the economy crumbles in the towns that were near it, and celebrate Maduro and Castro.
Until a disaster strikes, then they rediscover they're Americans as if by magic, what a coincidence.
Summary: if you live in PR > 153 days/year , start a business in PR, and donate $5k to a PR charity, then you receive zero % capital gains on that investment.
Worth it?