Optional@lemmy.world to Progressive Politics@lemmy.world · 2 years agoEighteenlemmy.worldexternal-linkmessage-square152linkfedilinkarrow-up11.34Karrow-down118cross-posted to: housing_bubble_2@lemmy.world
arrow-up11.33Karrow-down1external-linkEighteenlemmy.worldOptional@lemmy.world to Progressive Politics@lemmy.world · 2 years agomessage-square152linkfedilinkcross-posted to: housing_bubble_2@lemmy.world
minus-squareWiz@midwest.sociallinkfedilinkarrow-up40arrow-down1·2 years agoThey are exempt from federal income tax.
minus-squareDalvoron@lemm.eedeleted by creatorlinkfedilinkarrow-up30·2 years 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 years agoAre they getting anything for the taxes?
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