15 Mar 2024 11:54 pm
.PhiloBeddo » 15 Mar 2024, 9:10 pm » wrote: ↑ Talking **** about business when you don't know ****. When you acquire many businesses some you keep and some you bankrupt or sell. You can make money buying a failing business and bankrupting it. you dumb ***.
Isn't that called a tax loop hole ???
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(eg) Changing residency:
Brothers and social media personalities Jake and Logan Paul moved to Puerto Rico in part to avoid high U.S. taxes. Puerto Rico is particularly attractive because U.S. citizens who become bona fide Puerto Rican residents can keep their U.S. citizenship, avoid U.S. federal income tax on capital gains, including U.S.-source capital gains, and avoid paying any income tax on interest and dividends from Puerto Rican sources.
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