Life

LIFE | Gentrification and tax evasion in Puerto Rico | Zero capitol gains tax on bitcoin

Puerto Rico source passive income is completely exempt from federal taxation under IRC §933; however, new qualifying residents may even reduce the tax rate on non-Puerto Rico source passive income to 0% (for interest) and 10% (for dividends) by using Puerto Rico investment vehicles.

  • Tax-free interest and dividends earned after you become a resident.
  • No long-term capital gains tax on appreciation after you become a resident.
  • 5% tax on long-term capital gain for appreciation before you move for any sales during your first 10 years as a resident.

Puerto Rico also has attractive incentives for business owners. But once again, you actually have to move the company, employees, etc.

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LIVING WALLPAPER | Whitney Plantation Museum (Edgard, Louisiana)| Relax , Meditate, Study, Pray or Whateva.

Whitney Plantation Museum is the only museum in Louisiana with an exclusive focus on the lives of enslaved people. In 1819, sixty-one enslaved men and women lived on this plantation. This information comes from an inventory of the plantation owner, Jean Jacques Haydel, Sr. A majority of these enslaved people were considered “Creoles,” meaning they […]

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LIFE | What it’s like living in Hong Kong’s “Monster Building” | Yick Fat building

The Monster Building is a complex of five different structures making up an E-shaped building: Montane Mansion, Oceanic Mansion, Fok Cheong Building, Yick Cheong Building and Yick Fat Building. People are impressed by the building’s unique symmetry and striking density. Seeing the small, cramped apartments from the outside only makes you wonder what’s really happening […]

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