If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? | |
Anonymous Coward User ID: 22061269 United States 09/26/2020 03:01 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 79379765 Iceland 09/26/2020 03:02 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? ... Quoting: Anonymous Coward 79379765 Look, I know its tough finding out for the first time that Trump is indeed a globalist stooge of the deep state. It will be hard at first buy you can get through this champ. I’m voting for Trump... there’s nothing you can do about it expect butch and cry on a forum lol I don't give a shit if you vote for Trump. Like it fucking matters. He will win just because of shit like this. Bought and paid for stooge of the Globalists. WELL FUCK YEAH THEN!!! LETS GO GLOBALISTS!! Lol, fitting. Sell your soul for a few dollars. |
Anonymous Coward User ID: 78042016 09/26/2020 03:02 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? DUH ... Puerto Rico IS AMERICA ... hello - anyone home? Quoting: Shadow Dance this is a perfect example of how ignorant Trump haters are Its a territory. Not subject to federal tax laws. Why do you think they are moving there? They calculated the cost vs manufacturing in China. Its cheaper in Puerto Rico now with the abolishment of Minumum wages and no taxes to companies that move there. Talk about getting Hoodwinked. They didn’t abolish the minimum wage... where do you get this information from? Your mind? No taxes? Wtf? |
Anonymous Coward User ID: 78042016 09/26/2020 03:03 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? ... Quoting: Anonymous Coward 78042016 I’m voting for Trump... there’s nothing you can do about it expect butch and cry on a forum lol I don't give a shit if you vote for Trump. Like it fucking matters. He will win just because of shit like this. Bought and paid for stooge of the Globalists. WELL FUCK YEAH THEN!!! LETS GO GLOBALISTS!! Lol, fitting. Sell your soul for a few dollars. Or what, spend my life like a miserable fuck like you... you’re miserable admit it... posting trash threads on a forum and making up lies... That’s fucking sad man... |
Anonymous Coward (OP) User ID: 79379765 Iceland 09/26/2020 03:04 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? DUH ... Puerto Rico IS AMERICA ... hello - anyone home? Quoting: Shadow Dance this is a perfect example of how ignorant Trump haters are Its a territory. Not subject to federal tax laws. Why do you think they are moving there? They calculated the cost vs manufacturing in China. Its cheaper in Puerto Rico now with the abolishment of Minumum wages and no taxes to companies that move there. Talk about getting Hoodwinked. They didn’t abolish the minimum wage... where do you get this information from? Your mind? No taxes? Wtf? They will. |
Anonymous Coward User ID: 78042016 09/26/2020 03:07 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? [link to prbusinesslink.com (secure)] Puerto Rico minimum wage is 7.25 [link to www.ncsl.org (secure)] Lowest minimum wage in US is Georgia with 5.15 [link to www.foxbusiness.com (secure)] You’re a piece of work... |
Anonymous Coward (OP) User ID: 79379765 Iceland 09/26/2020 03:07 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? ... Quoting: Anonymous Coward 79379765 I don't give a shit if you vote for Trump. Like it fucking matters. He will win just because of shit like this. Bought and paid for stooge of the Globalists. WELL FUCK YEAH THEN!!! LETS GO GLOBALISTS!! Lol, fitting. Sell your soul for a few dollars. Or what, spend my life like a miserable fuck like you... you’re miserable admit it... posting trash threads on a forum and making up lies... That’s fucking sad man... What lies? I just showed why they are moving to Puerto Rico. Its cheaper to manufacture there than China. They can rip off the poor people there without any Government to tell them no like the Chinese. Basically that's whats happened. The Chinese governement is demanding higher prices from the U.S. to manufacture. So the globalists are scrambling to find alternatives to manufacture all their useless trash you dumb bastards fill your attics with. |
Anonymous Coward User ID: 78042016 09/26/2020 03:07 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? DUH ... Puerto Rico IS AMERICA ... hello - anyone home? Quoting: Shadow Dance this is a perfect example of how ignorant Trump haters are Its a territory. Not subject to federal tax laws. Why do you think they are moving there? They calculated the cost vs manufacturing in China. Its cheaper in Puerto Rico now with the abolishment of Minumum wages and no taxes to companies that move there. Talk about getting Hoodwinked. They didn’t abolish the minimum wage... where do you get this information from? Your mind? No taxes? Wtf? They will. FUCK YOU... you’re lying through your teeth to be correct... everything you know is a lie |
Anonymous Coward User ID: 78042016 09/26/2020 03:08 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? Or what, spend my life like a miserable fuck like you... you’re miserable admit it... posting trash threads on a forum and making up lies... That’s fucking sad man... What lies? I just showed why they are moving to Puerto Rico. Its cheaper to manufacture there than China. They can rip off the poor people there without any Government to tell them no like the Chinese. Basically that's whats happened. The Chinese governement is demanding higher prices from the U.S. to manufacture. So the globalists are scrambling to find alternatives to manufacture all their useless trash you dumb bastards fill your attics with. See above dumbass |
Anonymous Coward (OP) User ID: 79379765 Iceland 09/26/2020 03:08 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? Puerto Rico business tax rate is 39% Quoting: Anonymous Coward 78042016 [link to prbusinesslink.com (secure)] Puerto Rico minimum wage is 7.25 [link to www.ncsl.org (secure)] Lowest minimum wage in US is Georgia with 5.15 [link to www.foxbusiness.com (secure)] You’re a piece of work... From your link. Once you reside in Puerto Rico for the entire tax year, if your only income is from sources within Puerto Rico, you are not required to file a U.S. federal income tax return. However, if you are earning income outside of Puerto Rico – including in mainland USA – you will still need to continue to file that US return. |
Anonymous Coward User ID: 78042016 09/26/2020 03:08 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? Puerto Rico business tax rate is 39% Quoting: Anonymous Coward 78042016 [link to prbusinesslink.com (secure)] Puerto Rico minimum wage is 7.25 [link to www.ncsl.org (secure)] Lowest minimum wage in US is Georgia with 5.15 [link to www.foxbusiness.com (secure)] You’re a piece of work... |
T-Man Entitled title User ID: 78270630 Netherlands 09/26/2020 03:09 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? im guessing to keep them affordable edit: welp i guess i was wrong haha Last Edited by T-Man on 09/26/2020 03:10 PM |
Anonymous Coward User ID: 56163412 United States 09/26/2020 03:09 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 79379765 Iceland 09/26/2020 03:10 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? Puerto Rico business tax rate is 39% Quoting: Anonymous Coward 78042016 [link to prbusinesslink.com (secure)] Puerto Rico minimum wage is 7.25 [link to www.ncsl.org (secure)] Lowest minimum wage in US is Georgia with 5.15 [link to www.foxbusiness.com (secure)] You’re a piece of work... I meant to convey that they would abolish the minimum wage in the next few years. There has already been talk of it, the ultra rich who operate there are pushing for it. Right to work bullshit. |
Anonymous Coward User ID: 78042016 09/26/2020 03:10 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? Puerto Rico business tax rate is 39% Quoting: Anonymous Coward 78042016 [link to prbusinesslink.com (secure)] Puerto Rico minimum wage is 7.25 [link to www.ncsl.org (secure)] Lowest minimum wage in US is Georgia with 5.15 [link to www.foxbusiness.com (secure)] You’re a piece of work... From your link. Once you reside in Puerto Rico for the entire tax year, if your only income is from sources within Puerto Rico, you are not required to file a U.S. federal income tax return. However, if you are earning income outside of Puerto Rico – including in mainland USA – you will still need to continue to file that US return. Income Tax is different then corporate tax dipshit |
Anonymous Coward (OP) User ID: 79379765 Iceland 09/26/2020 03:11 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? Ha, your link describes how they don't pay taxes in the U.S. if they operate there. [link to godlike.com (secure)] |
Anonymous Coward User ID: 78042016 09/26/2020 03:11 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? Puerto Rico business tax rate is 39% Quoting: Anonymous Coward 78042016 [link to prbusinesslink.com (secure)] Puerto Rico minimum wage is 7.25 [link to www.ncsl.org (secure)] Lowest minimum wage in US is Georgia with 5.15 [link to www.foxbusiness.com (secure)] You’re a piece of work... I meant to convey that they would abolish the minimum wage in the next few years. There has already been talk of it, the ultra rich who operate there are pushing for it. Right to work bullshit. So more emotional reactions to hypothetical situations... |
Anonymous Coward User ID: 78042016 09/26/2020 03:12 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? Ha, your link describes how they don't pay taxes in the U.S. if they operate there. Quoting: Anonymous Coward 79379765 [link to godlike.com (secure)] INCOME TAX... holy shit you are dumb... You don’t own a business do you |
Anonymous Coward (OP) User ID: 79379765 Iceland 09/26/2020 03:12 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? Puerto Rico business tax rate is 39% Quoting: Anonymous Coward 78042016 [link to prbusinesslink.com (secure)] Puerto Rico minimum wage is 7.25 [link to www.ncsl.org (secure)] Lowest minimum wage in US is Georgia with 5.15 [link to www.foxbusiness.com (secure)] You’re a piece of work... From your link. Once you reside in Puerto Rico for the entire tax year, if your only income is from sources within Puerto Rico, you are not required to file a U.S. federal income tax return. However, if you are earning income outside of Puerto Rico – including in mainland USA – you will still need to continue to file that US return. Income Tax is different then corporate tax dipshit Do you even read links before you post them? From that same link. What about corporate taxes in Puerto Rico? The corporate tax rate in Puerto Rico is 39%. That may seem high, but in truth, your corporate income tax can be as low as 4%. Act 20 is the most common tax incentive for businesses that offers 4%. This applies whether you have a corporation in Puerto Rico and the 4% is taxed at the corporate level before dividends are paid, or you have a pass through LLC in which you pay 4% on distributions. Considering your federal taxes as of 2018 will be 21%, plus applicable state taxes, 4% is pretty spectacular tax savings. The low 4% corporate tax rate available to Act 20 recipients only applies if the business performs in Puerto Rico for clients outside of Puerto Rico. Otherwise a higher local income tax may be applicable, and may be almost as high as some U.S. states. Please refer to our Act 20 Guide. Similarly to personal income earned from sources outside of Puerto Rico, corporations in Puerto Rico are subject to regular U.S. tax rates on their income effectively connected to a trade or business in the United States. When operating a Puerto Rico corporation, care should be exercised as to the possible applicability of U.S. Internal Revenue Code provisions related to controlled foreign corporations, passive foreign investment companies, and foreign personal holding companies. Learn more about Transfer Pricing for related companies and what the implications of both the U.S. and Puerto Rico trying to capture your tax dollars. |
Anonymous Coward User ID: 78042016 09/26/2020 03:13 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? The island imposes a separate local Puerto Rico income tax in place of typical U.S. federal income tax. The personal income tax rate in Puerto Rico is up to 33%. This is applicable to regular wages regardless of having an Act 20 or Act 22 decree. However, individual investors with an Act 22 decree are exempt from paying taxes on dividends and Capital gains, which could otherwise be as high as 20% for long-term and 37% for short-term capital gains. |
Anonymous Coward (OP) User ID: 79379765 Iceland 09/26/2020 03:13 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? Ha, your link describes how they don't pay taxes in the U.S. if they operate there. Quoting: Anonymous Coward 79379765 [link to godlike.com (secure)] INCOME TAX... holy shit you are dumb... You don’t own a business do you Holy shit! You shills will lie lie lie. Till you are blue in the face. Or you cant fucking read or comprehend what you post. Again from that link. What about corporate taxes in Puerto Rico? The corporate tax rate in Puerto Rico is 39%. That may seem high, but in truth, your corporate income tax can be as low as 4%. Act 20 is the most common tax incentive for businesses that offers 4%. This applies whether you have a corporation in Puerto Rico and the 4% is taxed at the corporate level before dividends are paid, or you have a pass through LLC in which you pay 4% on distributions. Considering your federal taxes as of 2018 will be 21%, plus applicable state taxes, 4% is pretty spectacular tax savings. The low 4% corporate tax rate available to Act 20 recipients only applies if the business performs in Puerto Rico for clients outside of Puerto Rico. Otherwise a higher local income tax may be applicable, and may be almost as high as some U.S. states. Please refer to our Act 20 Guide. Similarly to personal income earned from sources outside of Puerto Rico, corporations in Puerto Rico are subject to regular U.S. tax rates on their income effectively connected to a trade or business in the United States. When operating a Puerto Rico corporation, care should be exercised as to the possible applicability of U.S. Internal Revenue Code provisions related to controlled foreign corporations, passive foreign investment companies, and foreign personal holding companies. Learn more about Transfer Pricing for related companies and what the implications of both the U.S. and Puerto Rico trying to capture your tax dollars. |
Anonymous Coward (OP) User ID: 79379765 Iceland 09/26/2020 03:15 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? The island imposes a separate local Puerto Rico income tax in place of typical U.S. federal income tax. The personal income tax rate in Puerto Rico is up to 33%. This is applicable to regular wages regardless of having an Act 20 or Act 22 decree. However, individual investors with an Act 22 decree are exempt from paying taxes on dividends and Capital gains, which could otherwise be as high as 20% for long-term and 37% for short-term capital gains. Quoting: Anonymous Coward 78042016 Bullshit. You think Fucking Peter Schiff would live there if he had to pay 37% taxes. Lol. |
Anonymous Coward User ID: 78042016 09/26/2020 03:15 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? The low 4% corporate tax rate available to Act 20 recipients only applies if the business performs in Puerto Rico for clients outside of Puerto Rico. Otherwise a higher local income tax may be applicable, and may be almost as high as some U.S. states. Please refer to our Act 20 Guide. |
Anonymous Coward User ID: 78042016 09/26/2020 03:16 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? Any income that is sourced in the states can be taxed by the IRS. As well, the 100% exemption on dividends applies to bona fide residents of Puerto Rico. If an owner of the company remains in the states, they will pay 4% at the corporate level to Hacienda and the applicable tax rate for foreign distributions to the IRS. |
Anonymous Coward User ID: 78042016 09/26/2020 03:16 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? Any income that is sourced in the states can be taxed by the IRS. As well, the 100% exemption on dividends applies to bona fide residents of Puerto Rico. If an owner of the company remains in the states, they will pay 4% at the corporate level to Hacienda and the applicable tax rate for foreign distributions to the IRS. Quoting: Anonymous Coward 78042016 |
Anonymous Coward User ID: 78042016 09/26/2020 03:17 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 78042016 09/26/2020 03:19 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 79379765 Iceland 09/26/2020 03:19 PM Report Abusive Post Report Copyright Violation | Re: If Trump is so Pro AMerica why doesn't he move Pharmecuticals to somewhere like Ohio? Instead of Puerto Rico? Well you are the one that lost the argument. A loop hole in a loop hole still means the peopel of Puerto Rico are getting robbed. They will make billions and destroy the natural environment. Then when the next disaster strike they will leave them high and dry and collect the insurance money. You think I am stupid? |
Anonymous Coward User ID: 78042016 09/26/2020 03:21 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 79092010 09/26/2020 03:21 PM Report Abusive Post Report Copyright Violation | |