The underhanded way to do away with my country!!
“Over 45% of the island is living below the poverty line. Per capita income is roughly $16,000…half that of Mississippi, the poorest state in the US.
At the same time, billionaires are pouring in – buying the island for pennies on the dollar, and paying no taxes for their profits. And now they have their own magazine.
It’s called Puerto Rico Luxury.”
Over 45% of the island is living below the poverty line. Per capita income is roughly $16,000…half that of Mississippi, the poorest state in the US.
At the same time, billionaires are pouring in – buying the island for pennies on the dollar, and paying no taxes for their profits. And now they have their own magazine.
It’s called Puerto Rico Luxury.
Puerto Rico Luxury lists the best shopping, luxury spas, and boutique hotels in Puerto Rico. It tells you where to buy Cartier, Gucci, Ferragamo, and Jimmy Choo merchandise.
It also shows you how to ship and register your family car in Puerto Rico.
Photo of the family car in Puerto Rico Luxury
It has a “Tax Incentives” section which should be called Tax Evasion…since most Puerto Rico Luxury readers will not pay any dividend, interest or capital gains taxes for 20 years.
Of course, the…
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Well expressed. It is a tragedy the way the United States is no longer embracing a thriving Puerto Rico. 🐞
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TY!! It is a tragedy & a travesty. It pains my heart ….
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