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.
On this drone tour we will cover many of these famous homes including the Buckner House (site of American Horror Story: Coven), The Anne Rice House, Commanders Palace, and more! This neighborhood is one of the oldest neighborhoods in the United States. In today’s tour, you will learn about the history of the French Quarter, […]
Was up ya’ll Thank you for hanging with me on another Saturday while I dig through items at this New Jersey Flea Market. I flip items I buy, and I try my best not to pay over $20 for anything I don’t have a warranty for. I love what I do, and I invite you […]
This Old-Fashioned Rice Pudding can be made quick and easy. This is a stove-top version with just the right amount of sweetness. Only 1/2 cup of sugar is added and most of the sweetness comes from the milk cooking down. After stirring for 45-50 minutes add Vanilla Extract.