The Phaserl


How You Can Move to Puerto Rico and Pay Almost Zero Tax

from Sovereign Man:

It seems almost everywhere you look these days, bankrupt governments are raising taxes. But no matter where you are, there are always solutions to do something about it. For example, if you’re an Australian taxpayer, you can move to Norfolk Island and pay minimal tax. If you’re British, you can structure your assets in Gibraltar or the Channel Islands.

What most people don’t realize is that the US tax code, as onerous as it is, provides a no-brainer solution as well.

If they meet certain criteria, US taxpayers with official residency in Puerto Rico – which is a self-governing US territory – are NOT required to pay US federal tax on income they earn in Puerto Rico.

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1 comment to How You Can Move to Puerto Rico and Pay Almost Zero Tax

  • petedivine

    I use to spend a lot of time in Puerto Rico. The locals pay a lot in taxes to their bankrupt government. There is no escape from greedy governments.

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