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Puerto Rico and statehood
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northway



Joined: 05 Jul 2010

PostPosted: Thu Dec 13, 2012 5:14 pm    Post subject: Reply with quote

Titus wrote:
Have you people any idea how dysfunctional it is?

In what way is PR being a state in the national interest of the United States?

Do you all go around bring dysfunctional people into your home? Why would you do same for your country?

The outcome will be higher spending. There will be a few million more outstretched hands. Is this really the time to be considering such a thing?


They currently collect welfare yet don't pay any income tax. I don't really see how Puerto Rico becoming a state hurts the bottom line.
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Titus



Joined: 19 May 2012

PostPosted: Sat Dec 15, 2012 8:08 am    Post subject: Reply with quote

http://www.washingtonpost.com/blogs/worldviews/wp/2012/11/07/why-does-puerto-rico-want-statehood-anyway/

Quote:
For one thing, becoming a state would allow them to benefit from an extra $20 billion a year in federal funds something Puerto Rico could use, given its 13 percent unemployment rate.


Quote:
You do realize that Puerto Rico is already part of the United States, do you not?


Snark is feminine.
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Kuros



Joined: 27 Apr 2004

PostPosted: Tue Mar 12, 2013 7:39 pm    Post subject: Reply with quote

Puerto Rico has eliminated capital gains for new residents

Quote:
John Paulson, a lifelong New Yorker, is exploring a move to Puerto Rico, where a new law would eliminate taxes on gains from the $9.5 billion he has invested in his own hedge funds, according to four people who have spoken to him about a possible relocation.

Ten wealthy Americans have already taken advantage of the year-old Puerto Rican law that lets new residents pay no local or U.S. federal taxes on capital gains, according to Alberto Baco Bague, Secretary of Economic Development and Commerce of Puerto Rico. The marginal tax rate for affluent New Yorkers can exceed 50 percent.


I no longer want Puerto Rico to become a state.
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bucheon bum



Joined: 16 Jan 2003
Location: DC area

PostPosted: Wed Mar 13, 2013 7:02 am    Post subject: Reply with quote

Kuros wrote:
Puerto Rico has eliminated capital gains for new residents

Quote:
John Paulson, a lifelong New Yorker, is exploring a move to Puerto Rico, where a new law would eliminate taxes on gains from the $9.5 billion he has invested in his own hedge funds, according to four people who have spoken to him about a possible relocation.

Ten wealthy Americans have already taken advantage of the year-old Puerto Rican law that lets new residents pay no local or U.S. federal taxes on capital gains, according to Alberto Baco Bague, Secretary of Economic Development and Commerce of Puerto Rico. The marginal tax rate for affluent New Yorkers can exceed 50 percent.


I no longer want Puerto Rico to become a state.


Why? If it became a state, it could no longer be a tax haven from federal capital gains taxes.

Or have you bene like John Paulson and thinking of moving to PR to take advantage of its tax laws? Smile
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Titus



Joined: 19 May 2012

PostPosted: Wed Mar 13, 2013 3:41 pm    Post subject: Reply with quote

PR is the future. Oligarchs pay nothing and fields of proles wait on tables.
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young_clinton



Joined: 09 Sep 2009

PostPosted: Wed Mar 27, 2013 6:50 am    Post subject: Reply with quote

NovaKart wrote:
This is the island that was responsible for Menudo, I'm not saying they shouldn't be a state but just throwing that out there ............


Question Question Are you referring to the dish or the music group? If it's the dish you are referring to, Menudo is delicious.
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Kuros



Joined: 27 Apr 2004

PostPosted: Sat Mar 30, 2013 7:40 am    Post subject: Reply with quote

Our very own Cyprus.
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Titus



Joined: 19 May 2012

PostPosted: Tue May 14, 2013 5:50 pm    Post subject: Reply with quote

http://www.cnsnews.com/news/article/13-population-puerto-rico-gets-food-stamps-us-gov-t-2-billion-2012
Quote:
A spokesman from the USDA Food and Nutrition Service told CNSNews.com that, on average, 1.37 million people received food stamps in Puerto Rico each month in FY 2012. Puerto Rico has a population of 3.7 million, meaning 37 percent of Puerto Ricans are on food stamps paid by the federal government.


Damn near 4/10 PR's get food stamps.
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