rincon0404

9 ms·

1. 1.▲
   by rincon0404 12y ago

   isaacbrocksociety.ca This link needs to be here. If you're an American abroad suffering similar treatment, you can find support with these people who are in the same situation. They are trying to help end the US's unfair CBT citiz
2. 2.▲
   by rincon0404 12y ago

   The US needs to adopt a residency based tax system like the rest of the world. This would solve so many problems. The main issue why this remains a problem is that Congress doesn't care about American citizens who live abroad. Congress
3. 3.▲
   by rincon0404 12y ago

   PR is a US Territory. Technically, you never left the country. "In general, United States citizens and resident aliens who are bona fide residents of Puerto Rico during the entire tax year, which for most individuals is January 1 to De
4. 4.▲
   by rincon0404 12y ago

   This is inaccurate. The 4% number is a figure that applies to businesses that are export related and that apply and receive approval for Act 20. It's a 4% tax on the inc's business income and is unrelated to capital gains.
5. 5.▲
   by rincon0404 12y ago

   Yes, the flaw in the above scenario is that for capital gains that have a cost basis that began prior to becoming resident in Puerto Rico ("built in gains"), you will owe taxes at both the US federal and Puerto Rican levels. 3 sce