The Truth About ZERO Tax In Puerto Rico (what the media doesn't tell you)

Puerto Rico tax programs explained. Act 20, Act 22, & Act 60.
💵LIMITED: Get FREE Stocks: https://act.webull.com/k/X1eTd9ityFvU/main
🔗Join my Patreon to help support my work: https://www.patreon.com/maxmaher

Join our discord for faster discussions: https://discord.gg/PNZrcJGmbz

💎Get up to $250 in free crypto and 8% interest when you open an account a BlockFi https://blockfi.com/MaxMaher

✨Crypto exchange I use: https://www.kucoin.com/ucenter/signup?rcode=rJMS45S

🚚My in-depth moving company course: https://max-maher.teachable.com/p/moving-company-millionaire

📚 Learn how I earn $50,000+ per month on YouTube: https://max-maher.teachable.com/p/complete-guide-to-building-an-audience-and-wealth-on-youtube

📷ALL of my camera and recording equipment: https://www.amazon.com/shop/maxmaher

Puerto rico gets depicted in the news as a cheap and easy way to save all of your tax dollars with the flip of a switch

That’s not necessarily true. Let’s talk about the truth behind Puerto Rico’s tax savings program, what you actually save, and what you really need to do in order to reduce your tax bill.

When PR tax savings are mentioned it’s really referring to one of the two main tax programs offered. Act 20 and Act 22. Or Act 60 which is just is the combination of both of them.

ACT 20:
Also known as the “export services act” is the program that allows a business owner or self employed individual to live in Puerto Rico and save a ton of their business’s profits.

This is especially beneficial in businesses where there aren’t many write off opportunities. A few examples of businesses that highly benefit are consulting services, selling digital content, or really anything that doesn’t require a ton of assets.

The main benefits under Act 20 are you get a low 4% PR income tax (with no US federal tax on exported services) and a 50% reduction of municipal tax.

ACT 22:
Also known as the Individual Investors Act. This program offers 0% short and long term capital gains tax and 0% tax on dividends.

However with this benefits comes with significant cost. So let's break everything down so you can better understand the pros and cons of this program.

My Second Channel: https://www.youtube.com/channel/UC04e--yHAsYCz4c3JWKezQw

My Instagram: https://www.instagram.com/maxwell_maher/

Schedule one-on-one business consulting with me here: https://max-maher.teachable.com/p/1hr-consultation-call

*I am not a financial advisor. This is not financial advice*

Видео The Truth About ZERO Tax In Puerto Rico (what the media doesn't tell you) канала Max Maher