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 Puerto Rico 480 2 Form 2018

2018-2025 Form

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there's not a single place in the entire world where a U.S citizen can move and pay less taxes than Puerto Rico if you're an individual and you move to Puerto Rico and you become a Bonafide resident Puerto Rico following IRS rules then all of your Puerto Rico sourced short and long-term capital gains will be exempt from federal income taxes and will be exempt from Puerto Rico state taxes the reason why Puerto Rico sourced showed that long-term capital gains are exempt from federal income taxes is because of the special relationship that Puerto Rico has with the United States for a commonwealth as long as you're a U.S citizen residing in this U.S territory you do not have representation in Congress you move to Puerto Rico you're now Puerto Rico resident you don't get to go for congress you don't get to go for the president there's no taxation without representation and therefore the federal government cannot impose federal income t

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