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A comment on Expatriate Americans Break Up With Uncle Sam to Escape Tax Rules. Parent comment

Re:Expatriate Americans Break Up With Uncle Sam to Escape Ta... by gopi on Wednesday June 18, 2014 @11:28AM (#7910645)
In this case Bob would pay IRS 20% tax for the price appreciation happened when he lived in CA. The 4% tax applies only to the price gain during his stay in Puerto rico.
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Re:Expatriate Americans Break Up With Uncle Sam to Escape Ta... by rincon0404 on Wednesday June 18, 2014 @01:26PM (#7911341)
This is inaccurate. The 4% number is a figure that applies to businesses that are export related and that apply and receive approval for Act 20. It's a 4% tax on the inc's business income and is unrelated to capital gains.
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Re:Expatriate Americans Break Up With Uncle Sam to Escape Ta... by clamprecht on Wednesday June 18, 2014 @01:15PM (#7911270)
This sounds reasonable - but can you provide a source?

Also, are you talking about federal taxes or california taxes?

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