Posted on 04/14/2015 6:23:43 AM PDT by cll
Now that you’ve created the next great app and your investment in your startup is worth a billion dollars, at least on paper, it’s time for a really difficult challenge: how to cash out without paying capital gains taxes anywhere in the world?
With no U.S. or Puerto Rican tax on much investment income of new residents, U.S. citizens now can pay zero tax on capital gains.
For several hundred affluent Americans over the last couple of years (including Toby Neugebauer, a key financier to Ted Cruz) the answer has been to establish a principal residence in Puerto Rico, and spend 183 days a year there.
(Excerpt) Read more at nytimes.com ...
(including Toby Neugebauer, a key financier to Ted Cruz)”
...now let’s rattle off the “key finaciers” list for Obama, Clinton, Kerry, Gore...
that’s how the NY Times rolls.....
Took 3 whole sentences for the Slimes to attack a conservative. They’re cracking.
And people wonder how a bankrupt Roman Empire gave rise to European feudalism.....
No mention of Al Sharpton’s tax avoidance schemes is there? Or the Hillary foundation either for that matter.
NY Times ....ignore.....
I actually ask my finical advisory about this several years ago and he responded that he didn’t think it would work...
Sounds good to me.
But, I’d need to brush up on my Spanish...
what do “they” propose to stop “the rich” from moving wherever they want to live?
Internment camps?
Interesting
you can “love” who you want but you have to live where the govt gets to tax you
yeap, brush up on your spanich so you qualify for SS disability
Well they want legislation to change the tax laws in Puerto Rico....but mostly, they want the issue of class envy.....
Your fickle adversary?
Well, I don’t have any gains to tax, so I don’t need to leave NH - but, for those of you who do, is there any place to live in PR where you would feel safe?
yea... He also convinced me to sell all my Y2K gold in 2001
Wife and I spent Christmas week in the western part of PR a few years ago. No problems, except English speakers were nearly non existent.
Buy Saudi War Bonds!!
Now! Pays 40%!!!
Cash out in Aden!
No Capital Gains!!
Bring your AK-47 just in case!
The whole reason for the article was nothing other than to associate Ted Cruz with this rich person whom they want to paint as avoiding taxes and thus taking from others in the middle-class. Thus Ted Cruz is against the middle-class.
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