Gavinmad
Mr. Poopybutthole
- 43,738
- 52,289
Except rebuilding Puerto Rico isn't a waste of money...
- 2
Weather
- Thread starter etoille
- Start date
-
Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Except rebuilding Puerto Rico isn't a waste of money...
zombiewizardhawk
Potato del Grande
- 9,880
- 12,814
Borzak
Bronze Baron of the Realm
- 25,443
- 33,205
Little confused, read they have a total power and power grid failure that will have to be rebuilt. News article yesterday showed before and after sat images at night. Wasn't a big difference. They had a lot of light on now, of course they have generators but powering up lights seems like a waste.
- 1
Vaclav
Bronze Baronet of the Realm
- 12,650
- 877
Because they're the only part of the U.S. that posts constant deficits that needs the rest of us to keep afloat. At last count wasn't it just the coasts and Texas that actually give any tax dollars while all the rest leech off the Fed?
Not saying it's a non issue, but it's quite pervasive not uniquely PR.
And last I checked they pay all normal Federal taxes. I know SocSec is weird for them though, so the FICA part may be different though.
Angelwatch
Trakanon Raider
- 3,053
- 133
If you’re a U.S. citizen you are required to pay federal income taxes on earnings. With that said your taxes are offset by income taxes from your host country and you make up the difference to the U.S.
For example, a U.S. citizen is living in Notamericastan with a 15% tax rate and are in a 25% U.S. tax bracket. They would pay 15% to Notamericastan and 10% to the U.S. simplified example with simplified numbers but that’s the basics of how it works. Puerto Rico would be no different so, yes, U.S. citizens in Puerto Rico pay U.S. taxes.
For example, a U.S. citizen is living in Notamericastan with a 15% tax rate and are in a 25% U.S. tax bracket. They would pay 15% to Notamericastan and 10% to the U.S. simplified example with simplified numbers but that’s the basics of how it works. Puerto Rico would be no different so, yes, U.S. citizens in Puerto Rico pay U.S. taxes.
- 1
Jysin
Ahn'Qiraj Raider
- 6,457
- 4,345
Anyone living abroad uses the Foreign Earned Income Exclusion, which is currently around $101k. Anything you make up to that point, you pay 0 taxes. Then there is also the Housing Exclusion, which is another ~$20k (location dependent).
Another fun fact: the USA is one of the only 1st world countries that tax their citizens abroad. UK, Australia, NZ, etc all pay 0 taxes if you earn it outside of your home country.
*chant* USA .. USA .. USA!
/picard.jpg
- 1
- 1
- 6,954
- 9,833
Borzak
Bronze Baron of the Realm
- 25,443
- 33,205
Hurricane or tropical storm now headed to New Orleans. Looks like mostly rain which is bad. I've been kind of out of touch but apparently they are already flooded. I did see on the news East Baton Rouge Parish had it's waterways closed to boat trafic last week from high water. Odd since my parents live on a river about 1-1/2 hours north of New Orleans that feeds right into Lake Maurepas and Lake Ponchatrain. They got 1" of rain in the last month.
- 1
- 12,112
- 27,580
Oldbased
> Than U
- 28,427
- 67,394
This thing will be gone when you wake up tomorrow. I think you are also outside the electronic and shoe wear loot zones.
- 2
Brikker
Trump's Staff
- 6,296
- 4,833
California wine country in Sonoma and Napa County are burning down with multiple fires. My parents had to evacuate their 30 acre property which is likely going to burn and we can't get a hold of my wife's mom whose area also evacuated.
What the fuck California.
What the fuck California.
- 1