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Puerto Rico

#21
(This post was last modified: 05-09-2017, 07:45 PM by rollerjag.)

Quote:I can agree with that.  However, do you do the same thing to places like Guam, American Samoa and some of the Virgin Islands?

 

 

Honestly, I wasn't sure how that all worked.  Does that apply to Puerto Rican natives only?  As an example, say I decided to move to Puerto Rico and worked there, would I have to pay federal income taxes?
 

According to Wikipedia, if you are a bona fide resident for the whole year and all your earnings were within Puerto Rico, you do not have to pay income tax.

 

I guess it's the old no taxation without representation thing?


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#22

Quote:I can agree with that. However, do you do the same thing to places like Guam, American Samoa and some of the Virgin Islands?



Honestly, I wasn't sure how that all worked. Does that apply to Puerto Rican natives only? As an example, say I decided to move to Puerto Rico and worked there, would I have to pay federal income taxes?


Yes that goes for all out territories the free ride has to end.
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#23

Quote:According to Wikipedia, if you are a bona fide resident for the whole year and all your earnings were within Puerto Rico, you do not have to pay income tax.

 

I guess it's the old no taxation without representation thing?
 

Similar concept applies to other US Citizens working abroad.  We had workers in Egypt supporting a DOD Aerospace Contract and as long as they were out of the US for a certain amount of weeks (like 42+), they were tax exempt.  I can't recall what the exact number of weeks was but one of our workers was in a bind because they came back to the US for a dying family member and got hit with taxes since their visit extended beyond the annual limitation to be tax exempt.

DARKSTAR = The Artist Formerly Known As HURRICANE!!!
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#24

Quote:Yes that goes for all out territories the free ride has to end.
 

I agree 100%.

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