Optional@lemmy.world to Progressive Politics@lemmy.world · 2 months agoEighteenlemmy.worldexternal-linkmessage-square154fedilinkarrow-up11.33Karrow-down117cross-posted to: housing_bubble_2@lemmy.world
arrow-up11.31Karrow-down1external-linkEighteenlemmy.worldOptional@lemmy.world to Progressive Politics@lemmy.world · 2 months agomessage-square154fedilinkcross-posted to: housing_bubble_2@lemmy.world
minus-squareWizlinkfedilinkarrow-up40arrow-down1·2 months agoThey are exempt from federal income tax.
minus-squareDalvoron@lemm.eelinkfedilinkarrow-up30·edit-22 months agoWhile a good start, they do still pay other kinds of federal taxes (without representation), such as payroll taxes https://espaciosabiertos.org/facts-does-puerto-rico-really-not-pay-federal-taxes-a-common-misconception/ And paid $4 billion in federal taxes in 2021 https://www.cfr.org/backgrounder/puerto-rico-us-territory-crisis#chapter-title-0-4
minus-squarewolfpack86@lemmy.worldlinkfedilinkarrow-up3·2 months agoAre they getting anything for the taxes?
minus-squareWoahWoah@lemmy.worldlinkfedilinkarrow-up2·edit-22 months agoYeah, they got 25 billion for it.
They are exempt from federal income tax.
While a good start, they do still pay other kinds of federal taxes (without representation), such as payroll taxes
https://espaciosabiertos.org/facts-does-puerto-rico-really-not-pay-federal-taxes-a-common-misconception/
And paid $4 billion in federal taxes in 2021 https://www.cfr.org/backgrounder/puerto-rico-us-territory-crisis#chapter-title-0-4
Are they getting anything for the taxes?
Yeah, they got 25 billion for it.
Exactly