Is it possible to find a way to pay 0% (or 4%) in income tax – legally?
The answer is yes. We know, it almost sounds too good to be true!
Here’s the secret – there is no tax on dividends and no capital gain tax. The truth is, you could pay almost no tax at all. You can even live on a beach like the one in the image.
How? We’ll explain how. The truth is, you can do this even if you’re a U.S. Citizen thanks to Act 20 & 22 of Puerto Rico.
Now, I know what you’re thinking, “I’m not sure if I can listen to Despacito for the rest of my life.” And I can’t blame you. but don’t worry, that song isn’t as popular anymore. (Note: if you don’t know what the song Despacito is, consider yourself lucky).
But yes, it’s true. 0% on capital gains. 4% on business income tax. If you have the correct type of business AND… move to Puerto Rico.
Now, I know that’s a big ask, but you’d be surprised how many entrepreneurs are doing it.
Curious? Book a time with me to learn more.