THIS ISLAND WILL PAY YOU TO LIVE HERE (Logan Paul New Home)
ฝัง
- เผยแพร่เมื่อ 27 ส.ค. 2024
- The island where all the millionaires are moving to and paying $0 in taxes!
Video Mentioned:
I BOUGHT A MOUNTAIN
• I BOUGHT A MOUNTAIN
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Many millionaires are moving to Puerto Rico because you pay 0% capital gains tax! If you are a high income earner, you are paying 40% short term capital gains!
Logan Paul just recently announced that he is moving to Puerto Rico! He is the first major social media influencer to have made this move, and I expect others to follow as well.
If you’re wondering if I’m moving to Puerto Rico or not, I’ll give you the answer to that question!
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logan paul puerto rico,puerto rico taxes,california taxes,california state income tax,puerto rico tax incentives,income tax,logan paul moving to puerto rico
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Okay, but please if you are gonna take advantage of the island, help push it foward too. Hard working people who are natives are barely holding on. Invest in local buisnesses, create jobs for actual resident. Basically, help us if you are gonna take advantage of us. 🇵🇷
@Ryan Pineda you have no subscribers, you are a bot 🤖
They are living there, buying your food, using your services, u r getting paid. How else can they help u? Ask the gov who created the loophole to create jobs for u, come on
@@abbasrizvi60 youve never lived in a third world country have you
@@jakejacka2164 18 years in pakistan my friend. Bottom tier.of 3rd world country :)
@@abbasrizvi60 then you should know not everybody can relly on the government cause most of the time they dont care about us
Sadly I am from Puerto Rico and mosley of Puerto Ricans like me have to move to the states to manage to get a job for living. Its kinda insulting hearing that rich people can live in the island that i was raise but me for been from middle class cannot be there. there is no jobs in there, the drugs dealer and the crimilogia is High...!
The only thing we can hope is that they spend some of their money and boost the economy in some way. It is truly sad our island is used to keep the rich rich, and not for its beautiful incentives. Pray for our island. Even worse when you see Hispanics doing it. Don’t forget where you come from, and to the naked eye we are all still brown and black and don’t belong.
@@Foshizelism yes sir...! And we need a really good Government that really work for the Island and not for them self.
Don't hate the players...learn the game.
@@crystalshorter353 @Crystal Shorter such an put of touch comment. If you are from the island you can not receive the Act 20-22 incentives. So even if you learned the game and are playing it you can not take advantage of what foreigners are doing in PR. So it won't matter if you play the game as long as you were born in the island, we are not hating the players we are hating the game which is basically forcing puertoricans to migrate out of their land and bringing foreigners to live in it. Is not poor people making excuses is that they are being excluded from playing the game.
I Pray Everyone who Reads becomes Extremely successful and Encounter a kind of blessing that will overcome all your fears, spend Less and invest More!!
Investments are stepping stones to success, investing is what creates wealth.
@@helenshawn4400 Yea I agree, recently I invested in both stock and crypto but currently i believe crypto is doing more better !!
The best thing to do in this period is to buy crypto
@@lifeless0nswithluis538 Cryptocurrency prices are soaring after Tesla purchased $1.5 billion worth of Bitcoin with company funds. It also said it would accept payments in the cryptocurrency in the future.
Crypto is the future
As a Puertorrican, this shit is definitely weird
I live here in PR, and was largely influenced to move here from the Philippines for the tax incentives. The community of entrepreneurs is pretty amazing here. People should be aware of some of the expenses and additional taxes that are generally not talked about. There is a municipality tax that is generally 0.5% of gross revenue, so if you have thin profit margins it can be an issue. Also, you have to have at least one employee if you're running your business and pay them a reasonable salary of which they/you pay normal PR income taxes. And finally some of the CPA firms will try and eat you alive with fees because there's just a lack of decent options. I paid over $10,000 in accounting fees this last year. Put all that together and I'd say your business needs to be making around $400k-$500k net a year to be worth it. Otherwise you'll likely do better with the FEIE. Maybe I'll broaden to RE and end up in Vegas lol.
Would you say it’s worth the move from California if I’m grossing 300k annually (trending upward) at 60% margins?
Have you lived through the dangerous hurricanes?
@@Wonderlaust So you're making $200k net? Personally, I wouldn't make the move for tax reasons alone at that level. Rather, if you have the flexibility to move, consider going to a place you really like with a lower cost of living and where you can best focus on growing your business for now.
@@IncomeSeries That’s the thing, I love PR lol. I think I’m just trying to find excuses to move, maybe in a few years when numbers increase.
@@darith770 Hurricanes pass all the time but we haven't been hit in a few years. I got here start of 2019. I've lived through a tropical storm in Miami and it was like a snow day up north. Hurricanes you get lots of warning time. Earthquakes and tornados you really don't. It's the people who didn't have the money to leave the island or a place to go that were really hurt during Maria.
I am from Puerto Rico and most of us struggle to find jobs or even get paid a decent wage even though we have degrees. Most of us have to leave family and friends behind in order to find better leaving conditions. It's just annoying hearing rich people use our home for their own benefits and boast about it.
exactly
Rich people's money game
Yo también, me cago en los gringos millonarios 😐
@Dow John property value is not going up because rich people are buying property in gated communities which doesn't increase the value of regular people's homes. Also the only requisite is creating one job, they do this by hiring and advisor and move with the rest of their team as Logan did, therefore they are not even creating jobs.
I hope PR starts implementing capital gains taxes or any other tax other states do, in order to improve the island and community since the US mainland doesn’t give a shit about them.
Puerto Rico is a nice country might have to move there, but after hearing Logan Paul is moving there, never mind
Lol
bro puerto rico has 100k plus people logan paul is not the only one living there😉
@@samela4928 exactly PR has 3.5 milliom people in it, the chances of you running into him are very very low...unless you buy at the same subdivision.
Logan paul has no morals. If you want to also have no morals be like him.
Logan is a nice guy and Pokemon collector.
My home... I live here. I spend time with local businessmen... I don’t see this tax benefit as bad, it just sucks for people who can’t afford to do business.
Just a pointer.. invest on a gimble. I feel motion sickness of how unsteady the camera is. Cheers
Yes!
España = Andorra
USA = Puerto Rico
Really horrible how the rich are all the sudden using this island for the benefits even most citizens dont have. Really disgusting.
Just hire a good cpa. Rich people are not stupid. Sure there's high taxes but rich people find ways to avoid those high taxes. I'm staying in beautiful sunny California and hiring a great cpa. I am not going to hide in Puerto Rico from taxes an evacuate every year from hurricanes.
Florida has had more hurricanes than PR. PR is risky of hurricanes but they only had two hurricane in the past 2 decades lmao
Last time there was a hurricane of the Maria scale was over a 100 years ago. Its not always having hurricanes. And if your rich, hurricanes wont do shit to you or your home.
Dude was literally just there 2 weeks ago haha
Dodging the taxman.
*The American Dream*
True... Very True 😂😂😂
All these people will move back to the US when markets stabalise and mature, gains become less enticing. Then what.. They'll complain about the state of federal budgets when they've not contributed for years
False. Puerto Rico has taxes varying from 6% to 13% depending on where you are. Only the rich don't pay anything and that's bad
He's greedy so he doesn't care about paying his rightful taxes. Screw over everyone and take take take.
Did you not listen to the video? He said revenue from businesses is 4% and 0% for capital gains. A lot of rich ppl make most their money from capital gains so they essentially pay no money
@@pookiehoney "rightful tax" youre a joke
Income tax for 60,000+ is 33%...Those in poverty pay 7% which is still more than what the millionaire expats pay.
Poor people would rather remain victims rather than learning financial literacy because that's what gets them attention.
Remember to tip the workers because the pay rate is HORRIBLE
You bought a mountain.......... wtf Ryan 😂 literally obsessed with you. Binging all your stuff. Wow just wow. That lifestyle is amazing
It's beneficial until you deal with a hurricane with cat 5 intensity
Of course the best place PR🇵🇷
I’m Puerto Rican and it feels weird seeing it so often online. Anyways, Idk how I feel about this…
No one cares how you feel bro
@@lostbear23And I didn’t ask you
Es bueno, el no dijo todo. Tienen que hacer oficinas y contratar gente. Créeme no es tan malo como pensábamos
I love “business trips” like this 😀. Never new you could write off things like this until I started my own company.
That's lying and cheating. Glad you love it.
hey Ryan. I feel theres something missing here. If there are no taxes that would logically mean no federal or "state" funding. How are the roads? the hospitals? the grid? the schools? You didnt talk about the downsides.
that is true
Peter Schiff moved here. He is a very rich economist. So did Harry Dean. I don't think the 1% are going to move to PR if the services are terrible and it is dangerous. Who knows? Maybe there is some massive gated community where the super rich have migrated to, and that is nice, but everything else sucks.
Puerto Rican here. We pay state taxes and not federal taxes (unless we do activities that require federal taxation). How does the government use us taxpayers' money? The same way as the rest of the states: bad or worse 😂. PR has all of the taxes money as collateral for loans, so the government can't use a penny of that for infrastructure. Streets are fkd up, hospitals are struggling (but not as bad as the media says), public education is a mess, electrical grid is abysmal, crime is through the roof, and creating a business is a heavy bureaucracy, just like some states. And now we have this issue of rich people trying to live here to evade taxes...
Believe me, they will not benefit much for living as kings here. Once they experience their first hurricane and earthquake that immediately take out the power worse than what happened in Texas last week, they will not see PR with good eyes anymore. Oh, and they'd better be starting to speak spanish, because the vast majority of our people don't know or speak english.
Yeah, is not that there's not taxes. Theres is, is called "Ivu" where you pay 11.5 cents every dollar you spent. But that's pretty much it. WAY cheaper than the taxes in LA
Haha
My friend residents in Puerto Rico, not talking about people from mainland USA are paying some of the highest income taxes in all USA at 39% , they don't pay federal taxes of curse but yea they do pay a normal state income tax of 39%. Ryan is talking about people from mainland USA not paying any taxes (crypto guys ) paying 0% and guys like Logan who does vlogs and stuff only 4% with the right papers act20-22 tax code.
Omg love the culture, music, it's beautiful and I've been learning spanish for a few years! "AWESOMEST" NEWS I'VE EVER HEARD!!!
Wow that's crazy. I really respect your opinion about staying in Vegas that you mention at the end
Puerto Rico, the circus for the millionaires from the exterior, but the slaughterhouse for the hard working locals.
Sure, my island is beautiful and all the exposure is getting these days is great for "us" but that will not change my mentality. That's basically a great way to avoid taxes legally🤷🏽♂️. But hey, if the law allows it, why not do it then?
Wow Ryan, I've been a subscriber and follower for quite sometime and your platform has skyrocketed and currently going up can't wait to see what are next blessings.
It's simple. Just eliminate property taxes and the U.S.A. will be perfect.
Why do you think that we have that name in the firsts place? Since the beginning we have been a gold mine in the eyes of the whole world.
- a great Caribbean weather
-great location for marketing and businesses to thrive including offshore and air travel.
I’m from Puerto Rico and I am not the only one that view the island this way.
The name in English stands for Rich Port, now if that doesn’t sound like a coincidence considering other facts than I don’t know what else to say.
Puerto Rico is exactly what it’s name stand for
That is very unfair to do that to a poor island while there native are sufffering.No fair at all.
Old news, But great option for US Citizens that are willing to put up with the Systems in PR. The Foreign Earn Tax Credit is a joke and the US Gov is BROKE, so it milks all citizens no matter where they live and source their income.
Great that you are bringing to your viewers. PR is far from perfect, but I applaud the PR Gov for taking action in 2012 to change the course they were heading. A LOT of problems in PR, but if handled properly and your business and you meet all the requirements, then can be a great blessing. Just remember, the whole premise for the ACTs are job and economic creation. They are tightening up the guidelines and fine tuning things, so more is required now than in the past.
For the right business and the owner willing to move there and meet ALL the requirements, you can legally exit out of the IRS Tax System.
Can you make a video on how you get so many tax right offs in vegas
So i live here in puerto rico so im going to get taxed normaly when i retire. That sucks so hard man.
I'm sure the IRS or Puerto Rico is going to start taxing once this becomes saturated.
@@rehn4529 You see it as negative. I see it as a possibility. So be open to opinions or stay off Social Media. Thanks🤗
Which proves how’s corrupted the system is.
@@reign6409 I agree with you. Be a realist and consider all options that might happen.
@@johndoeee888 Thats what people of reasonable level of intelligence would do😁❤
You’re a “natural” host!
AVAILABILITY ON WHAT SAPP IS ASSURED ✅
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Pls don’t push this gentrification bs and make my island suffer more.
Well damn but it’s happening
Can you expand? My parents are moving this year they just signed a lease
Rich people don't care about your suffering.
I honestly don’t see how people are complaining about it rather than acting upon it. This is actually great for the island because it means additional influx of capital that wouldn’t come here unless this existed. This means you can build a meriad of different businesses yourself around this new influx of capital and gain your own personal wealth.
If your already wealthy and just want the tax breaks PR is not the only place in the world to offer this, catch is you would just have to move elsewhere and if you don’t want to do this then whats your point exactly? Cause thats exactly what they had to sacrifice to get such breaks.
Government wise this is great. Why? This people are coming in and buying property which equals money for the developer and engeneers and construction builders and material distributors. They buy furniture so local ebanists get a cut. They buy cars so dealers get a cut. They buy boats, food, home appliances, local tourism, buy goods that pay the huge sales tax and many many more options of capital influx to the island.
Free Puerto Rico this most end
In PR it's all fun and games until a cat 5 hurricane hits like a few years back...
THIS
True.. Very True
I am from Puerto Rico and it’s a special island but we have a bad government which fu$k everything up
Sure, moving to PR is a no-brainer for the tax bens and island lifestyle. But can you find a barber to keep up your iconic haircut?
That’s why I have to stay in Vegas 😂
Logan paul plans to have a mullet lol
Of course they have barber's that can do that might not be easy to find but if you are all 'rich' I don't see the problem (racism)🤧
If you look close PR have a lot of barbers and some of them are among the best barbers in the world.
The barbers over here will do it and better , trust me our barbers are some of the best
Really smart move about business prospective $$$$$. And enjoying PR same time
Not cool.
Interested for this one ryan.
Awesome!
Building apartment 4SALE, has 7apt + 1Comercial, San Juan-Santurce. Great investment, Good for Airbnb. CashSale by owner.
It's all and good for american but for the locals those savings are non existent.
Bro at least try to pronounce well the names of the places 💀💀
I think moving to a no income/capital gains tax state or PR is the best thing you can do for your financial future. Even if you don't make tons of money, the savings from taxes you could invest it and grow it to a much larger amount in the future.
Not worth the risk. Too many dangerous hurricanes.
Not true. Taxes are pretty high for the average person in PR. If you have a business and getting the tax incentives yes. But if not, it can definitely be higher.
THIS WAS AMAZING! Hope this goes viral for you, so good! Will push you to 100K buddy!
@Ryan Pineda SCAMMER
Brb booking my flight now 🚀🚀
Stay home
40%??? Did yo miss the US Top Individual tax rate dropping to 37%??? That doesn't exactly scream that you know what you're talking about....
Logan is smart🤷♂️
If i was actually making money I'd move to puerto Rico
Good advice. 0 tax sounds good.
I’d be up for moving to Puerto Rico but all my family and loved ones are here in the states 😔 it would be difficult for me to leave them
Some of us had moved from PR to the States leaving everyone and everything behind to get better jobs.
@@jpolo1 my family moved to the USA from Philippines to give us a better life. It was not easy for them 😔 though, those moving to Puerto Rico to save money on taxes are in a better position.
@@xenakaifinancevideos8650 right, there are many caveats to be able to do what Ryan described but there are ways. I'm dying to go back, all of my family is there but me, and its been a decade now. Im trying to leanr as much as I can so I can go virtual and move back.
@@xenakaifinancevideos8650 those moving to Puerto Rico to save money from taxes are making the residents in a worse position. Hopefully the government can charge these gentrifiers taxes or remove them from PR
Making a lot of good points
Im going in April to look for a place Time to leave New York and go back home but this time I have better resources to live the life I want I’m grateful and blessed you can do anything you put your mind to if you’re reading this don’t let your current situation dictate Your future keep pushing your life can change in a blink of an eye
@Danny Rivera I just wish New York would stop giving Puerto Rico so much resources.
Logan Paul can’t vote in the presidential election anymore
Good for him!
Iam puerto rican i love it
AVAILABILITY ON WHAT SAPP IS ASSURED ✅
*1_5_1_7_5_3_1_6_2_6_1*
Risky....too much hurricanes.
This is a great video, needs more views!!
Not all the benefits if you’re a native to the island
Meanwhile, actual PuertoRicans have to pay high taxes
Hey Ryan I try to watch all your videos
My question to you is on couches flipping which pickup truck to buy short bed the 6ft or long bed 8ft bed.... or either one be fine..
The title is incorrect i live in pr and it does not pay you
This style of vloging suits you. The background and stationary studio gets a bit repetitive.
I’d love to see more of this style. Nevertheless your content brings value n I appreciate that.
Thanks for watching, do you have difficulties in investing ?.
For investment assistance....
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I dont like that law that PR haved.Go live in your country the USA.
I feel like by the time I move to Puerto Rico when I retire every one is going to already be living there lol I’m only 20
And also tell us the "loop holes" & "grey areas" of the tax. It is really interesting. In an educational way
Is it worth the risk of living on an island known for dangerous hurricanes?
stay inside during the event then
House in Puerto Rico are made full of concrete. From a Hurricane, you are not going to die, brother.
Keep talking Ryan, great, I mean really great video with awesome info. Now I want to go visit PR, I haven't been there in 20 years! I would encourage you to bring on tax Attorney and have a discussion about it. I would love to watch that video! Also would it be ridiculous to think you might be interested in finding out how you can sell a highly appreciated asset like real estate, crypto, stocks or planes and keep 95% of the proceeds while deferring the taxes for 30 years or more with out using the 1031 tax exchange?
I was thinking of moving to Monaco for the tax-free vibes and weather...
Just need to get to a net worth of over €500,000 first 🤑
Get it! 💪🏽
Monaco is not a bad idea actually. it's also on top of my list!!
@@NaomiNSMusic nice Naomi! The real estate is ridiculous tho
I’m from PR don’t listen to this guy he is setting you up for failure
I thought that they get bad hurricanes and floods there? It's like saying I want to move to Florida and wrestle an alligator in my yard and get swept away in a hurricane. Who cares about taxes? If you're making that much money just pay your taxes. Just because there's hundreds of loopholes to sidestep taxes as a rich person doesn't mean it's right. Everyone should pay their taxes and the rich should pay their part instead of letting the poorest pay. I pay thousands a year and I'm poor. Constantly trying to screw other people over so you can have more is a terrible morality problem. You shouldn't be chasing money your whole life because it's harder for a rich man to enter the kingdom of heaven than a camel to travel through an eye of a needle. It's because you start worshipping money instead of God and you're willing to put him and others aside for your greed. Don't become that.
Nice work ✨✨🎇
He is not the first famous TH-cam there is a a family that moved to Puerto Rico in 2018 and they have I think 5 mill subs
I saw a video of another youtuber that just moved there from California you should reach out and do an interview his name is Mark moss he has a videos on his move you should check it out great video by the way love your content👍👍👍👊👊👊
mans really put logan pauls name in the title just to get views lol
nothings wrong with that
Do you need an american visa?
Looking for any interns in my last year as a finance student
The double clip at 8:38 xD
Logan go to Bayamon 🙃
LOL
1,700 a night??? I don’t believe it.
I'll pull up, what's up! I'm in Bayamon
Eh I'll stay in Miami 😊
Ya needa stay in the states
Nah we are coming there. You can have US.
What if you are a Canadian citizen? Can I move there and gain residency if I invest in real estate or a business in Puerto Rico ?
Great video, well-executed. A lot to consider when picking up and moving to a U.S. territory. Newly licensed agent here in Las Vegas, NV from CA (Licensed since 2005). I fled the mental disorder of liberalism in California and looking to stand my ground here in Henderson.
Puerto Rico of course.
Gentrification?
Eso es lo que estos asquerosos ricos quieren hacer con nuestra tierra, pero no nos vamos a dejar
While we as an Island we struggle with corruption, crime and no equality rich people just get richer.
It's not being salty it's just the truth. Working 40hrs a week in my case above minimum wage, having to pay student loans, a house and expenses you are stuck in the system. And I'm not that person who shrugs and looks on. I invest in stocks, I manage my 401k, have my side hustles to generate some extra cash and I don't manage to get back a tax refund...
Invest $200 in a wireless rode microphone. The beginning of the video made my ears bleed.
You forgot about Delawere no income tax
What about federal income tax? 👀
@@garyboi9779 no sales tax for llc no income tax gust 300annual fee
People have been complaining about taxes for thousands of years. They're all dead now. so get over it. Every single thing in life has a tax or is taxing to your life in some way. I live in Texas. Sure, I don't pay a state income tax. but my local sales tax is high as shit and my property taxes avg. 2.6% (depending on the area of town). And for all that money I save in state income taxes taxes, we have a power grid that cakes it's pants the second shit hits the fan for 2 days. Taxes are what pays for allllll the things that keeps a country stable and open to opportunities to prosper. (that doesn't mean take 90% and leave me with 10%. It means, I'm not going to spend my life being a fucking penny pincher, bitching about how I want 24% taxes instead of 35%. or whatever.) If there weren't taxes, we wouldn't have a military, roads, schools, social programs, or even the government at all. It'd be anarchy. Where you'd have to fend for yourself everyday of the week. Leaving no time to produce a product, flip a house, own a business or anything. I could go on and on, but no one's going to read this whole comment anyway.
MAN IT WOULD BE EPIC for you to have Rondi Lambeth of FortressCreditpro on here, he has spoken at Stanford University and Harvard, MSNBC he would be awesome for you to talk about these tax strategies, look up his info on FB. I think he is collabing with Ed Mylett on a business venture.
Your video quality is seriously fire brotha! 🔥🔥🔥🚀🙏💰
Rayo, although I have notifications On, I don’t get them. Why is that?
Talk about the sales tax
Would be nice if some visionary community projects and nature protection could be encouraged instead ; no joke ..I sincerely think that the crypto community could bring about immense changes... a whole new set up.....
but it would require the interest of some..
And truly thought through motives...
Hayden Bowles of TH-cam/Tik Tok Shopify fame already moved there