DrLove
Diamond Member
- Jun 15, 2016
- 37,715
- 19,908
Republican bastards stick it to those damn brown "foreigners"
The Republican tax bill will devastate Puerto Rico's economy even further | Opinion
But not to worry - they're going to make 'em pay - Say so long to Florida in particular!
Puerto Rico governor vows midterm revenge for tax bill
Two new proposed taxes in particular are at issue: an excise tax of 20 percent on products manufactured by subsidiaries of U.S. companies located outside the U.S., and a 12 percent tax on income derived from intangible assets (such as patents and intellectual property) by American companies outside the U.S.
But why do these taxes involve Puerto Rico, a U.S. territory and not a foreign nation? Because the tax bill considers Puerto Rico to be outside the U.S., a foreign country like Mexico or Venezuela.
Sounds crazy? It should.
But why do these taxes involve Puerto Rico, a U.S. territory and not a foreign nation? Because the tax bill considers Puerto Rico to be outside the U.S., a foreign country like Mexico or Venezuela.
Sounds crazy? It should.
The Republican tax bill will devastate Puerto Rico's economy even further | Opinion
But not to worry - they're going to make 'em pay - Say so long to Florida in particular!
Puerto Rico Gov. Ricardo Rosselló says he plans to mobilize 5.3 million Puerto Ricans living on the mainland to shake up the midterm elections in states ranging from Florida to California.
“We’re not just going to stand by. We are going to take action.”
The 3.4 million U.S. citizens living on the island have no vote in Congress, but they do have 5.3 million fellow Puerto Ricans scattered across the mainland who do have a vote. It’s that political power Rosselló plans to leverage.
“We’re not just going to stand by. We are going to take action.”
The 3.4 million U.S. citizens living on the island have no vote in Congress, but they do have 5.3 million fellow Puerto Ricans scattered across the mainland who do have a vote. It’s that political power Rosselló plans to leverage.
Puerto Rico governor vows midterm revenge for tax bill