Ask HN: Best USA state to be self-employed in?

Re:Ask HN: Best USA state to be self-employed in? by garmaine on Thursday January 07, 2021 @04:33AM (#25669094)

Not true! Google "puerto rico federal income tax" if you don't believe me.

https://www.forbes.com/sites/robertwood/2019/09/09/move-to-p...

(Despite saying "not exactly" in the title, it is in fact exactly that. Read the details. PR residents don't pay federal income tax. There's just some caveats if you're trying to move there as a tax dodge.)

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Re:Ask HN: Best USA state to be self-employed in? by dhruvkar on Friday January 08, 2021 @01:26PM (#25687898)

Only if your source of income is from Puerto Rico.

https://www.irs.gov/taxtopics/tc901

>> If you're a bona fide resident of Puerto Rico during the entire tax year, you generally aren't required to file a U.S. federal income tax return if your only income is from sources within Puerto Rico.

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Re:Ask HN: Best USA state to be self-employed in? by emteycz on Thursday January 07, 2021 @06:32AM (#25669861)

I thought that applies only to non-US citizen Puerto Rico residents. Seems like you're right, thanks for correction!

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Re:Ask HN: Best USA state to be self-employed in? by garmaine on Thursday January 07, 2021 @03:04PM (#25676563)

Well Puerto Rican born residents are US citizens. The IRS makes it understandably difficult to change your residence to PR as a tax dodge though.

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