r3volution 3.0
Banned
- Joined
- Mar 6, 2014
- Messages
- 18,553
You still have to pay taxes to the US government if you live in one of those third world countries.
That's true, but that's fine.
Congress can't directly revoke Puerto Rico's tax privileges. Puerto Rico doesn't have any voting congressional reps. No taxation without representation. The backdoor way those tax incentives would get repealed by the US government is if congress made Puerto Rico the 51st state, which is a very real threat with a Dem Congress, Dem Senate, and Dem president. Puerto Rico gives Dems two Senators and a House rep.
Color me skeptical that the USG, under severe financial duress, would play fair ball.
What's a Shifferite?
...a person who is of like mind with Peter Schiff, i.e. a libertarian and laissez faire person.
I was alluding to a comment of Krugminator's in another thread.
Krug's a good fellow, but he has an irrational hatred of Schiff, IMO, so I like to bust his balls.
In many countries, you can use the value of property or a house/condo/etc toward the value of the investment. So there are housing communities which have a veneer of a "co-op real estate investment" smeared on top of them, and the price of the units are conveniently the exact value required to earn permanent residency.
I have some good candidates for that for myself.
Interesting
Would you elaborate (though if you want to keep your cards vest-close I understand)?