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John Lee Dumas On How He Saved $1,000,000 In Taxes By Moving To Puerto Rico, How He Makes His Money, and More
My First Million
Are You a Target?
In a span of 101 months, the author has been sharing their monthly income reports, including mistakes and successes, to promote transparency in the space. However, with increased visibility comes the risk of becoming a target for hackers and scammers. Despite this, the author has achieved a gross income of $22 million and a net income of $16.7 million over the past ten years, thanks to the favorable tax incentives in Puerto Rico. By paying a flat 4% tax rate on corporate earnings and zero % capital gains tax, the author has been able to build true wealth and retain their US citizenship.
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