To: dennisw
He will have to visit NYC from time to time to do business so he will get hit with NY State taxes income taxes for each day he is there A strong incentive to do video conferencing. Or perhaps the whole industry can move to PR.
20 posted on
03/12/2013 9:39:16 AM PDT by
PapaBear3625
(You don't notice it's a police state until the police come for you.)
To: PapaBear3625
He probably gets bulk of his income from capital gains and maybe those are taxed in just one jurisdiction (Puerto Rico) so long as he spends 183+ days in Puerto Rico. So he’ll get dinged by NY State on business visits there but just dinged on ordinary income, not on capital gains. My guess
22 posted on
03/12/2013 10:16:01 AM PDT by
dennisw
(too much of a good thing is a bad thing --- Joe Pine)
To: PapaBear3625
You can do video conferencing but face to face is invaluable. He could always offer business associates free travel and hotel if they visit him in Puerto Rico instead of Paulson going to NY
23 posted on
03/12/2013 10:17:50 AM PDT by
dennisw
(too much of a good thing is a bad thing --- Joe Pine)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson