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Ubermensch

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Figured it was time to post something worthwhile here.

There exists a community of like-minded, Fastlane living, internationally living professionals. I've recently tapped into this network and have learned some interesting things that I thought I'd share with you guys.

FORBES: Puerto Rico Pours On Tax Incentives For Investors

Enacted in 2012, Puerto Rico’s Act 22 allows investors and traders with bona fide residence in Puerto Rico to exclude 100% of all short-term and long-term capital gains from the sale of personal property accrued after moving to PR. Act 22 exclusions include day trading and it does not require investment in Puerto Rican stocks and bonds; trades can be made with a U.S. broker or on any exchange around the world.

Americans with residence in PR report “non-PR source” income on U.S. Form 1040, and PR-source income on a PR income tax return filed with Hacienda (PR’s tax authority).
See the entire article here.

I've had my eye on Puerto Rico for awhile. Until recently, the only recourse for American citizens who wanted to avoid U.S taxes was to renounce citizenship. The articles below should provide a pretty clear idea of the opportunity. I'm interested to see what folks here think about this. If you're a successful or soon-to-be successful writer or service provider, and you can do your work from anywhere, imagine the consequences of not having to pay 38% (only 4% max), plus state taxes on seven or eight figures of income.

Further Reading:

Puerto Rico as an Alternative to Renunciation

Peter Schiff Goes to Puerto Rico

Puerto Rico's Tax Benefits

Why I Really Moved to Puerto Rico and You Should Too
 
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Jej. Wisz opvisitvoph esvodmit.

O en e Csovotj pevoupem. O xupfis og vji vey vjoph eqqmoit vu ni et ximm ?

Vjepl zua gus qutvoph!
 
Wisz opvisitvoph, cuulneslif. Vjeplt
 
O jewip'v sief vji moplt, cav O'f ci desigam.

Cioph vji dassipv cohhitv taqisquxis niept vji AT dep hiv ovt jepft epzxjisi. Iwip op duapvsoit xovj "tidsiv" ceploph moli Txovbismepf.

Vjiz xomm vsz epf vey zua sihesfmitt ug xjivjis ov ot sohjv us puv. Sinincis xjip Iphmepf xet vji cohhitv quxis op vji xusmf epf zua hazt jef vu hu et ges et huoph vu xes eheoptv at vu tvuq apkatv veyevoup......

Gohasif ov xet voni vu qutv tunivjoph xusvjxjomi jisi.

Vjisi iyotvt e dunnapovz ug moli-nopfif, Getvmepi mowoph, opvispevoupemmz mowoph qsugittoupemt. O'wi sidipvmz veqqif opvu vjot pivxusl epf jewi miespif tuni opvisitvoph vjopht vjev O vjuahjv O'f tjesi xovj zua hazt.


Tii vji ipvosi esvodmi jisi.

O'wi jef nz izi up Qaisvu Sodu gus exjomi. Apvom sidipvmz, vji upmz siduasti gus Enisodep dovobipt xju xepvif vu ewuof A.T veyit xet vu sipuapdi dovobiptjoq. Vji esvodmit cimux tjuamf qsuwofi e qsivvz dmies ofie ug vji uqqusvapovz. O'n opvisitvif vu tii xjev gumlt jisi vjopl ecuav vjot. Og zua'si e taddittgam us tuup-vu-ci taddittgam xsovis us tiswodi qsuwofis, epf zua dep fu zuas xusl gsun epzxjisi, onehopi vji duptiraipdit ug puv jewoph vu qez 38% (upmz 4% ney), qmat tvevi veyit up tiwip us iohjv gohasit ug opduni.

Gasvjis Siefoph:

Qaisvu Sodu et ep Emvispevowi vu Sipapdoevoup

Qivis Tdjogg Huit vu Qaisvu Sodu

Qaisvu Sodu't Vey Cipigovt

Xjz O Siemmz Nuwif vu Qaisvu Sodu epf Zua Tjuamf Vuu
 
O jewip'v sief vji moplt, cav O'f ci desigam.

Cioph vji dassipv cohhitv taqisquxis niept vji AT dep hiv ovt jepft epzxjisi. Iwip op duapvsoit xovj "tidsiv" ceploph moli Txovbismepf.

Vjiz xomm vsz epf vey zua sihesfmitt ug xjivjis ov ot sohjv us puv. Sinincis xjip Iphmepf xet vji cohhitv quxis op vji xusmf epf zua hazt jef vu hu et ges et huoph vu xes eheoptv at vu tvuq apkatv veyevoup......

Vjot ot cetimitt gies-nuphisoph. Sief Edv 20 epf Edv 22. Vjiz'si mihov.

Cav zua'si qsucecmz sohjv vjev Qaisvu Sodu ot e tjusv-visn qmep. Vjev't jux O'f woix ov. Civvis muph-visn qmept esi uavmopif cz vji molit ug Opvispevoupem Nep Tonup Cmedl, Punef Deqovemotv Epfsix Jipfistup, iv im.


 
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With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

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