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This is why Elon Musk will not move to Puerto Rico after all.

 


Puerto Rico is a unincorporated territory of the United States. It is a Caribbean island with tropical weather, beautiful beaches, nasty mosquitoes, and a local population of about 3.5 million Hispanic Americans.  

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Puerto Rico offers an incredible tax advantage to wealthy Americans who relocate to the island. If you meet the requirements such as not having been a resident of the island in the last 15 years and residing on the island at least 183 days a year, you can avoid all federal income taxes and capital gains taxes. You would pay a maximum of 4% in Puerto Rican income taxes.  

Elon Musk would save billions by moving to Puerto Rico.  However, Elon Musk is a Trump wannabe. If Elon relocates to Puerto Rico, he would not be able to run for President of the United States.  Puerto Ricans are Americans, but territorial residents cannot vote for the President.  An American residing in Puerto Rico cannot run for President.  

Oh well, Elon will have to choose between avoiding taxes or running for President. Or will he? Many say that Elon Musk does not pay anything in income taxes anyways.  What do you know?  What do you think about this?

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