You’ve heard about Puerto Rico’s Act 60, maybe from a friend, an article, or even a CPA. You might be thinking, is it really the tax-saving opportunity it claims to be? Donnie, a business owner in Minnesota, was earning $900,000 annually. Sounds good, right? But there was a catch. With a combined federal and state tax rate of 31%, he was giving up nearly $280,000 per year to taxes. Think… Read More

