In this video, we're going to tell you about a surprising reason why some rich day traders and investors are moving to Puerto Rico. Tax free income and a relaxed tax code are two big reasons why this island paradise is becoming a favorite destination for high-net-worth day traders and investors!
If you're thinking about moving to Puerto Rico to day trade, then you should definitely watch this video! Puerto Rico is a great place to day trade because of its tax-free status and relaxed tax code. Not to mention, the weather is always beautiful! If you're interested in learning more about Puerto Rico, be sure to check out this video!
If you're thinking about moving to Puerto Rico to day trade, then you should definitely watch this video! Puerto Rico is a great place to day trade because of its tax-free status and relaxed tax code. Not to mention, the weather is always beautiful! If you're interested in learning more about Puerto Rico, be sure to check out this video!
This is why Rich Traders moved to Puerto Rico Yeah, so Puerto Rico has probably some of the best regulation for Traders and investors. and the reason behind that is Puerto Rico has a statute which is called Act 60. And basically what Acts 60 is is it's you establishing permanent residency in Puerto Rico From that point forward, you pay Zero percent on all of your capital gains. Any money you make from investing is going to be taxed at a bit Not zero.
Zero. Zero percent. Yes, Zero percent.
In Puerto Rico they will only taxed you if you are Vegan, aside from that you’re good.
Just like in Singapore ❤ on trading profit.
Same in Switzerland. But US citizens pay taxes in the US, no matter where they liice 😂
I’ll be right back too… ✈️
Stop moving to my island pls
Hey, Puerto Rico is a territory of the US. So we should have that here too? Lol.
I'll be there one day ho my lord 0% me caso con un bori.❤
I believe you can also establish accounts that allow simultaneous hedge positions.
People think my people’s land is something to be bought of, you’re part of the problem
hiii
Granted you pay 0 percent but PR is one of the worst and dangerous places to live.
Wow .
Hurricane alley 😆
🤔📝
But what does that mean? Because in Texas you also don't pay capital gains tax. But you still pay federal income tax. So what does he mean by 0 taxes? I'm guessing federal income taxes still apply snd if they if they do then you might as well just move to a state that has 0 capital gains tax which is the same thing. Also if you live abroad but are a US citizen you don't have to pay state taxes because you don't live in a state but you still need to pay federal income tax.
I wouldn't recommend moving to Puerto Rico for those Act60 tax incentives. Local Puerto Ricans hate them, and its giving rise to the GringoGoHome movement, because its causing extreme gentrification to the island. The government is actually debating about taking them down, the only people keeping it up is the corrupt governor and his administration are keeping it up just to use as leverage to push the island to get statehood.
Bro you're in Canada ain't no act 60 there lol
you look good now move to x
Shay, you don't qualify.
On this epsidoes of JoJos Bizzare trading
I was wondering why Swaggy C moved there
I live here. Sales tax is 11.5% but rent is cheap compared to US. I'm not sure about that 0%.
Hey Shay I have a question please…does international traders of US market have to pay tax to the US government?
u can do the same thing in Dubai without having the fear of getting stabbed on the street no?
Dubai also has 0% capital gains
But is there a place to buy bubble tea in Puerto Rico? 😬 Move cancelled lol
Day trading shouldn't be considered capital gains though as you are only temporarily holding the stock for resale. Assets held for resale are usually treated as inventory.
yeah sounds good, but i think i prefer to pay tax and live in france than to go to puerto rico and pay 0 tax. Nothing replace the everyday quality of life.
Im moving to puerto rico with my lamborghini money!!!!
Puerto rico is sounding good now
I love the end clip. Classic