Post Malone on taxes: what the evidence says · JRE #2018
SUBJECT: TAXES
Not a true/false call. Every claim is logged with its sources; read the exhibits below.
Because if you claim Puerto Rico as your residence, I'm going to fuck this up, but Peter Schiff explained it to me, but that's why Jake and Logan Paul, they live in Puerto Rico. You don't have to pay taxes.
What the evidence says 01 / RECORD
The core premise is correct: Logan Paul (and his brother Jake) relocated to Puerto Rico around 2021 largely for its tax incentives, and Puerto Rico's Act 60 program (which consolidated the earlier Acts 20 and 22) offers qualifying new residents a 0 percent rate on many capital gains, interest, and dividends plus a 4 percent corporate rate. But the blanket claim that you do not have to pay taxes is wrong. Under Internal Revenue Code Section 933, only income sourced within Puerto Rico is excluded from U.S. federal income tax, and only for a bona fide resident; income from U.S. sources and gains accrued before the move (subject to a 10-year lookback) remain fully taxable federally. Qualifying also requires strict conditions, including physical presence of at least 183 days per year, no tax home outside Puerto Rico, buying a home there, and annual charitable contributions, and the IRS has opened audit campaigns targeting people who claimed the benefit without genuinely meeting the residency and sourcing rules.