/biz/ - Business & Finance

Anonymous Wed Jan 31 23:46:10 2018 No.7160067 [View]
File: 378 KB, 608x1486, PR.png [View same] [iqdb] [saucenao] [google]

>>7156404
That's where you are wrong. Puerto Rico is a US possession, and it's residents are US Citizens. Residents of US Possessions do not pay federal taxes, they pay taxes directly to the Possession, in this case, Puerto Rico. An Act 20/Act 22 decree is a legally binding agreement between you and Puerto Rico explicitly granting you the rights to not pay taxes. Puerto Rico is literally the only place on planet earth you can go and avoid taxes on crypto. That said, you will have to pay up on gains realized prior to becoming a bona fide resident of Puerto Rico, but from there on out, you pay an effective capital gains tax of 0% on all future gains accrued.

Read this if you don't believe me: https://www.irs.gov/pub/irs-pdf/p570.pdf

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