Americans can move to Puerto Rico for 1/2 year to avoid Cap Gains Tax?

[El Cabron]

Americans can move to Puerto Rico for 1/2 year to avoid Cap Gains Tax?

I keep hearing this. Any lawyers or tax accountants know anything about this?

Thanks.

Edit: Seems to be 0% on new investment and only 10% on any old investments?

[1714278896]

1714278896

[1714278896]

1714278896

[1714278896]

1714278896

[neilol]

Very interested to know the answer to this

[Jcw188]

People also do things like move to the Bahamas for one day at the end of the year to get divorced and re-married to improve their tax situation.  Weird things people will do to make a buck. (or a million?)

[drrussellshane]

People also do things like move to the Bahamas for one day at the end of the year to get divorced and re-married to improve their tax situation.  Weird things people will do to make a buck. (or a million?)

Crazy what people will do to keep what they have worked for and already belongs to them.

[runam0k]

Crazy what people will do to keep what they have worked for and already belongs to them.

Whilst all the time expecting to benefit from and make free use of the roads and other infrastructure, law enforcement, national parks, etc.

[bassclef]

In the US, if you hold onto a capital gains asset for more than a year and make less than $72k (married) or $36K (single) the effective tax rate on that asset is 0%, as it's considered a long-term capital gain. If in a higher income bracket, the lowest you can get it down to is 15%. Short term cap. gains are taxed at significantly higher rates.

This is one reason I might consider filling my 1040 separately from my wife next year.

The law-talkin' guys will correct me if I'm wrong, of course.