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Puerto Rico


jasonxctf

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QUOTE (BigSqwert @ Feb 24, 2010 -> 03:30 PM)
Did you check out Old San Juan at night?

 

No. Bacardi factory in the morning, Old San Juan in the early afternoon and toured the old fort (San Cristobal?). Ate dinner at Senor Frogs and was back on the ship by 8. It wasnt bad, but it just didnt seem very "Caribbean" to me. I enjoyed the stops on Tortola and the Dominican much better. San Juan to me just seems like something I could see in Miami.

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QUOTE (jasonxctf @ Feb 24, 2010 -> 01:45 PM)
never realized how large the population was in Puerto Rico.

 

If made a state, its population would rank #27. (in between Kentucky and Oregon)

 

I don't know if it has changed lately, but they have repeated voted down wanting statehood.

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do they pay federal income taxes in Puerto Rico?

 

I would guess no, since their House Rep is a non-voting member and they can't vote in Presidential elections or have a senator.

 

4 million people x Avg Taxable Income of $20,000/person x 15% taxable Rate= $12 billion in Federal Tax Income (not to mention corporate taxes)

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QUOTE (ChiSox_Sonix @ Feb 24, 2010 -> 02:45 PM)
No. Bacardi factory in the morning, Old San Juan in the early afternoon and toured the old fort (San Cristobal?). Ate dinner at Senor Frogs and was back on the ship by 8. It wasnt bad, but it just didnt seem very "Caribbean" to me. I enjoyed the stops on Tortola and the Dominican much better. San Juan to me just seems like something I could see in Miami.

 

I liked the other parts of Puerto Rico better, but Old San Juan was still cool.

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QUOTE (jasonxctf @ Feb 24, 2010 -> 02:59 PM)
do they pay federal income taxes in Puerto Rico?

 

I would guess no, since their House Rep is a non-voting member and they can't vote in Presidential elections or have a senator.

 

4 million people x Avg Taxable Income of $20,000/person x 15% taxable Rate= $12 billion in Federal Tax Income (not to mention corporate taxes)

 

If you are making $20k, you aren't paying federal income taxes.

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QUOTE (southsider2k5 @ Feb 24, 2010 -> 10:07 PM)
If you are making $20k, you aren't paying federal income taxes.

 

key word was taxable income.

 

thus you're probably making $35k or so before deductions. (mortgage interest, property taxes, student loan deductions, etc)

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QUOTE (jasonxctf @ Feb 24, 2010 -> 03:44 PM)
15% average too. Obviously those with taxable incomes of $200k or more, are in the 25-33% range too.

 

The big problem is your numbers are WAY off.

 

The average income PER FAMILY down there is 27k. They have a near 50% poverty rate. That is from their tourist page

 

http://welcome.topuertorico.org/economy.shtml

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QUOTE (jasonxctf @ Feb 24, 2010 -> 10:12 PM)
so do puerto rico citizens (business or personal) pay any federal taxes? To say, cover their portion of military protection costs?

If they do pay any kind of taxes, its not in the way we do.

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Contrary to common misconception, residents of Puerto Rico pay U.S. federal taxes: import/export taxes, federal commodity taxes, social security taxes, etc. Most residents do not pay federal income tax but pay federal payroll taxes (Social Security and Medicare). However, federal employees, or those who do business with the federal government, Puerto Rico-based corporations that intend to send funds to the U.S. and others also pay federal income taxes. Puerto Ricans may enlist in the U.S. military. Puerto Ricans have fully participated in all U.S. wars since 1898. All persons born in Puerto Rico after 1941 are legally natural born citizens of the United States, one of the constitutional requirements to be President of the United States.[9][10][11]
http://en.wikipedia.org/wiki/51st_state#cite_note-10
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