If you’re an entrepreneur in the US, then you’re probably being punished for your success via cripplingly high taxes.
The US currently has one of the highest corporate tax rates in the world. Many of its states further burden business owners.
If you’re just starting out, such rates can squelch any promise of success, as you find it difficult to reinvest in your business, hire people, or even take on more work.
And if you’re already successful, then a small part of you is probably loathing to work any harder.
The growing attitude in the US – that business is evil and that entrepreneurs owe the government a disproportionate amount of their hard-won successes – is anathema to the progress of the nation. Although Donald Trump seems to understand this, and wants to cut taxes, there’s no guarantee that Congress will have the guts to follow through with that idea.
So, what’s an entrepreneur to do?
Move to Puerto Rico. It’s not for everybody, but its tax incentives (which we discuss in numerous alerts) can really alleviate the burden and allow businesses to flourish.
Some friends of mine did just that: They picked up and moved from California to San Juan.
Find out why, what their lifestyle is like, and whether or not they have any regrets, in this Case Study on Living in Puerto Rico.
The US currently has one of the highest corporate tax rates in the world. Many of its states further burden business owners.
If you’re just starting out, such rates can squelch any promise of success, as you find it difficult to reinvest in your business, hire people, or even take on more work.
And if you’re already successful, then a small part of you is probably loathing to work any harder.
The growing attitude in the US – that business is evil and that entrepreneurs owe the government a disproportionate amount of their hard-won successes – is anathema to the progress of the nation. Although Donald Trump seems to understand this, and wants to cut taxes, there’s no guarantee that Congress will have the guts to follow through with that idea.
So, what’s an entrepreneur to do?
Move to Puerto Rico. It’s not for everybody, but its tax incentives (which we discuss in numerous alerts) can really alleviate the burden and allow businesses to flourish.
Some friends of mine did just that: They picked up and moved from California to San Juan.
Find out why, what their lifestyle is like, and whether or not they have any regrets, in this Case Study on Living in Puerto Rico.
If you’re an entrepreneur in the US, then you’re probably being punished for your success via cripplingly high taxes. The US currently has one of the highest corporate tax rates in the world. Many of its states further burden business owners. If you’re just starting out, such rates can squelch any promise of success, as…
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