Where the Comment is King

THE NEWS COMMENTER

VOTE  (0)  (0)

The Easy Way To Avoid Federal Income Tax: Move to Puerto Rico

Added 08-03-22 02:21:03pm EST - “Wherever markets are free, new wealth gets created. Then almost everyone wins.” - Reason.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Reason.com: “The easy way to avoid federal income tax: Move to Puerto Rico”. Below is an excerpt from the article.

The tax break was started by a Puerto Rican politician who'd watched years of high taxes fail to improve life on the island. He decided to try something different.

YouTube star Logan Paul moved his show from California to Puerto Rico to take advantage of the tax deal.

Investor Peter Schiff says, "I did it for the obvious benefit of being able to keep most of what I own…It's too bad that Puerto Rico didn't do this decades ago. They wouldn't be in the economic trouble they are today."

"A lot of people are moving down here," says social worker Melissa DaSilva in my newest video. Two years ago, she ran a therapy business in Rhode Island. Now she runs it remotely from Puerto Rico. "I'm saving 25 percent of my income."

"I wake up, and I have the ocean in front of me. I go out my back door, the rainforest is off in the distance. It's just a magical place to live."

Read more...

Watch the video:

If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.

Comment Box is loading comments...

CLICK TO SHARE

BACK TO THE HOME-PAGE