Comments on: Latinos eliminate taxes — in Puerto Rico https://calwatchdog.com/2013/03/13/latinos-eliminate-taxes-in-puerto-rico/ Fri, 26 Apr 2013 15:22:50 +0000 hourly 1 By: Kory https://calwatchdog.com/2013/03/13/latinos-eliminate-taxes-in-puerto-rico/#comment-9259 Fri, 26 Apr 2013 15:22:50 +0000 http://www.calwatchdog.com/?p=39139#comment-9259 Yes, Puerto Rico is a great place for the wealthy who receive most of their income from capital gains; however, the same is not true for those earning more than $20,000 a year in salary. Most Puerto Ricans earn a salary between $15-20,000 a year and pay no/very little taxes and no Federal income tax. Even more Puerto Ricans live off of Federal welfare, food stamps, HUD housing, etc. They too pay no taxes and lean hard left because their sole source of income comes from Federal entitlements.

In 2012, a Puerto Rican or mainland U.S. citizen earning more pays the following:

Percentage Over But Not Over
7% $5,000 $22,000
14% + $1,190 $22,000 $40,000
25% + $3,710 $40,000 $60,000
33% + $8,710 $60,000 —-

…and if you’re a Federal employee, you pay Federal income tax on top of that!

]]> By: us citizen https://calwatchdog.com/2013/03/13/latinos-eliminate-taxes-in-puerto-rico/#comment-9258 Wed, 13 Mar 2013 19:49:47 +0000 http://www.calwatchdog.com/?p=39139#comment-9258 It is DISGUSTING that the govt takes SO MUCH money. And yet, no one does a thing about it. They just keep electing the same dimwits into office over and over.

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