A Quote by Dick Thornburgh
Yet, individuals and corporations in Puerto Rico pay no federal income tax.
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Puerto Rico loses out on billions of dollars annually because it is treated unequally under a range of federal programs, including tax credits available to millions of households in the States that do not pay federal income taxes.
The government of Puerto Rico has every right to hold a plebiscite, to consult the people of Puerto Rico regarding their wishes. But the truth is that for a change in the status of Puerto Rico to happen, you need both Congress and Puerto Rico agreeing to it.
Puerto Ricans are U.S. citizens, but by their own choice, Puerto Rico is not a state. The relationship has worked well for Puerto Rico - which has strengthened its culture, language and economy - and for the United States, which has helped create in Puerto Rico a showcase of democracy and prosperity for all of Latin America.
I believe that the overwhelming majority of Puerto Rico wants to be Puerto Ricans. I have been in five different states in the United States, and I have found young Puerto Ricans in the states who really love Puerto Rico, who really want to do something for Puerto Rico. And for me, Puerto Rico has to be the promised land of all Puerto Ricans, whether we are in the United States or wherever we are at. But this has to be the promised land. Annexation will never be the answer.
I live in Puerto Rico, my family lives in Puerto Rico, my friends. What happens in Puerto Rico matters to me.
My parents always talk about Puerto Rico. My dad's whole family lives in Puerto Rico. My great grandma lives in Puerto Rico and I got to meet her a couple years ago.
The citizens of Puerto Rico pay taxes with no representation every day, because Puerto Rico is not a state. And the rules only became more confusing the more I looked into them during my time there.
The truth of the matter is that we are being very aggressive, so that we can lay the foundations for investors to come to Puerto Rico, for jobs to be created, and for opportunities to ensue. And our objective, again, is for Puerto Rico, for the people of Puerto Rico who want to stay here, for them to have the opportunity to stay here.
After four centuries of Spanish rule, Puerto Rico was ceded to the United States in 1898. Residents were granted U.S. citizenship in 1917, and the federal government has allowed Puerto Rico to exercise authority over its local affairs in a manner similar to the 50 states.
The A.M.T. is a parallel system for calculating tax liability intended to ensure that high-income taxpayers pay a substantial amount in federal tax even if they have large deductions or other items to offset income.
If I'm owed money, but I say, 'Don't pay me, pay my cousin. Don't pay me, pay my charity,' you can do that, but then the IRS requires that you pay income tax on that. It's your income if you earned it and you directed where it went. If you exercised control over where the money went, you have to pay income tax on that.
We have to reduce the tax burden, whether it's income tax for corporations or private individuals, and we should put a freeze on property taxes.
I hope people understand that when you tax corporations that the concrete and the steel and the plastic don't pay. People pay. And so when you tax corporations, either the employees are going to pay or the shareholders are going to pay or the customers are going to pay. And so corporations are people.
I'm not an immigrant - I was born and raised in New York. My parents are Puerto Rican, and Puerto Rico is a part of the U.S., for the people that don't know. So my whole life, I've identified as an American. There are times when I've gone to Puerto Rico, and there, I'm seen as the American cousin.
The overwhelming majority of Puerto Rico is completely, completely alienated from the political structure. Colonialism is really, really strong and alive in Puerto Rico. And the politicians have taken full advantage of that. We have a debt of $74 billion, caused primarily by the system and the political structure that exists in Puerto Rico.
In general, anyone who paid the long distance telephone tax will get the refund on their 2006 federal income tax return. This includes individuals, businesses and non-profit organizations.
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