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Old 12-08-2021, 03:25 PM
Botten Botten is offline
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Join Date: Jul 2011
Posts: 2,851
Default Escape taxes? Why is this possible.

Quote:
Now you too can be like the Rich and pay no taxes!

How you say?

Simple setup a zip code here: https://www.usps.com/manage/po-boxes.htm
List of PR zipcode for PO boxes
00631
00613
00614

Can your Tax home be setup in PR with only a PO box??
Yes!
https://amynorthardcpa.com/does-irs-...o-box-address/

Next to prove presence simple take a plane to PR and a boat back.
Remember to take a boat back in about 183 day later to then fly back.

Next you can't earn more than $3000 from the US. This can be managed using the usual escape method via Crypto. Paul Logan is a perfect example of this case. Paul has received earning in the US in 2021, he competed on the fifth season of The Masked Singer as "Grandpa Monster". He was unmasked after his second appearance where one of his clues was a foreshadowing of his boxing match against Floyd Mayweather Jr.

Paul has been a resident of Dorado, Puerto Rico moving from Los Angeles. He stated that the high taxes in California were the main motivator for the move.

Downside you will responsible for the flight and boat costs. You will be responsible for the cost and paperwork. Cypto exchange costs and if you take too much out in crypto could be an issue.
 

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