Join Early Retirement Today
Closed Thread
 
Thread Tools Search this Thread Display Modes
Old 09-26-2017, 08:55 PM   #61
Thinks s/he gets paid by the post
dtbach's Avatar
 
Join Date: Apr 2011
Location: Madison
Posts: 1,337
Since PR doesn't pay Federal Taxes, why should they expect Federal $$ to rebuild? I'd rather see Texas and Florida be ahead of the line for relief since they at least have paid into the FEMA system.
__________________
Wild Bill shoulda taken more out of his IRA when he could have. . . .
dtbach is offline  
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-26-2017, 09:03 PM   #62
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2012
Location: Seattle
Posts: 5,408
Quote:
Originally Posted by dtbach View Post
Since PR doesn't pay Federal Taxes, why should they expect Federal $$ to rebuild? I'd rather see Texas and Florida be ahead of the line for relief since they at least have paid into the FEMA system.
They pay some taxes. Not federal income tax but they do pay SS tax and a form of income tax to the PR government.

They really should become a state though. They keep voting no (or at least not overwhelmingly yes). I agree it is hard to get behind full support over true states when they don't *really* want to be a full part of the USA. The last vote was really close though.
Fermion is offline  
Old 09-26-2017, 09:10 PM   #63
Thinks s/he gets paid by the post
Senator's Avatar
 
Join Date: Feb 2014
Location: Williston, FL
Posts: 3,925
Quote:
Originally Posted by Fermion View Post
They really should become a state though. They keep voting no (or at least not overwhelmingly yes). I agree it is hard to get behind full support over true states when they don't *really* want to be a full part of the USA. The last vote was really close though.
If they become a state, where am I going to go when I win a big lottery prize?

Quote:
The Powerball jackpot is at $1.5 billion and rising, easily ballooning to the biggest lottery prize of all time—which actually raises the value of a single ticket. But unless the winner is Puerto Rican (no federal income taxes or territorial tax on gambling winnings), he is also likely to have to pay taxes of equally historical significance.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
Senator is offline  
Old 09-26-2017, 10:15 PM   #64
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2003
Posts: 18,085
More Americans live in PR than in over 20 states.
__________________
"All animals are equal, but some animals are more equal than others."

- George Orwell

Ezekiel 23:20
brewer12345 is offline  
Old 09-26-2017, 10:26 PM   #65
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 15,976
Quote:
Originally Posted by jollystomper View Post
One potential reason is that many of the Caribbean islands were colonies that in the past were more exploited, and slavery did exist there, so the locals and imported slaves did not control their own destiny for a while. Whereas Hawaii, being much more isolated, had a much longer history of independence, and any battles over it were more due to its strategic location.
PR has had about 150 years to get on with it, controlling their destiny, seems long enough to have turned the country into an industrial power.

Maybe in many ways living in paradise is a strong dis-incentive to really try hard ?
Sunset is offline  
Old 09-27-2017, 12:02 AM   #66
Thinks s/he gets paid by the post
Calico's Avatar
 
Join Date: Apr 2012
Posts: 2,786
Quote:
Originally Posted by brewer12345 View Post
The administration won't even waive the damned Nones Act. Amazing.
And yet, the Jones Act was waived after Harvey and after Irma.

From the Washington Post, 9/25/17:
"DHS waived Jones Act restrictions during Harvey and Irma in order to move oil more quickly to the East Coast and make up for the loss of pipelines. New York Rep Nydia Velazquez has asked for a Jones Act waiver for Maria."
__________________
"Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things you only hoped for." - Epicurus
Calico is offline  
Old 09-27-2017, 05:24 AM   #67
Thinks s/he gets paid by the post
Senator's Avatar
 
Join Date: Feb 2014
Location: Williston, FL
Posts: 3,925
Quote:
Originally Posted by Calico View Post
And yet, the Jones Act was waived after Harvey and after Irma.

From the Washington Post, 9/25/17:
"DHS waived Jones Act restrictions during Harvey and Irma in order to move oil more quickly to the East Coast and make up for the loss of pipelines. New York Rep Nydia Velazquez has asked for a Jones Act waiver for Maria."
Those are US States. PR is not a state. I suspect that the Jones Act will indeed be waived.

PR already gets a tremendous amount of money from the Federal Government, much more on a per-capita basis than any other US state. There is a huge problem with PR finances.

If you had a brother in law with the PR mentality, you would not give him money either.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
Senator is offline  
Old 09-27-2017, 06:54 AM   #68
Moderator
Aerides's Avatar
 
Join Date: Nov 2015
Posts: 12,963
DHS has denied the request to waive the Jones Act for PR. Congress asks, DHS decides:

https://www.reuters.com/article/us-s...-idUSKCN1C12UI

And I don't care about taxes, or who pays what. ICU's in hospitals have no power and citizens are dying.
Aerides is offline  
Old 09-27-2017, 07:05 AM   #69
Thinks s/he gets paid by the post
Senator's Avatar
 
Join Date: Feb 2014
Location: Williston, FL
Posts: 3,925
Quote:
Originally Posted by Aerides View Post
DHS has denied the request to waive the Jones Act for PR. Congress asks, DHS decides:

https://www.reuters.com/article/us-s...-idUSKCN1C12UI

And I don't care about taxes, or who pays what. ICU's in hospitals have no power and citizens are dying.

Maybe even with the Jones act waived, it would make no difference. From the article you posted, it seems that PR has other issues that maybe should have been addressed earlier.

In catastrophes, everyone wants help, but sometimes the help does not make a difference. I suspect that is the case with waiving, or not waiving, the Jones Act.

PR is getting plenty of money. They will be fine.

Quote:
“The limitation is going to be port capacity to offload and transit, not vessel availability,” Moore said.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
Senator is offline  
Old 09-27-2017, 07:14 AM   #70
Thinks s/he gets paid by the post
mpeirce's Avatar
 
Join Date: Feb 2012
Location: Northern Ohio
Posts: 3,089
Quote:
Originally Posted by Senator View Post
Maybe even with the Jones act waived, it would make no difference.
Exactly. The Jones act is basically being used as a political football.

Lack of US flag ships isn't a problem, rather, the PR port capacity is. And beyond that, getting the already existing aid that has been offloaded out into the countryside is an even bigger problem since their road infrastructure is in such bad shape.
mpeirce is offline  
Old 09-27-2017, 07:26 AM   #71
Thinks s/he gets paid by the post
 
Join Date: Mar 2010
Location: Kerrville,Tx
Posts: 3,358
Quote:
Originally Posted by mpeirce View Post
Exactly. The Jones act is basically being used as a political football.

Lack of US flag ships isn't a problem, rather, the PR port capacity is. And beyond that, getting the already existing aid that has been offloaded out into the countryside is an even bigger problem since their road infrastructure is in such bad shape.
To boot much stuff moves between the mainland and PR on seagoing barges, not ships, which means that there may not be the relative numbers of US and foreign vessels that exist for regular ships.
meierlde is offline  
Old 09-27-2017, 07:29 AM   #72
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Car-Guy's Avatar
 
Join Date: Aug 2013
Location: Lost
Posts: 10,011
Quote:
Originally Posted by Fermion View Post
They really should become a state though. They keep voting no (or at least not overwhelmingly yes). I agree it is hard to get behind full support over true states when they don't *really* want to be a full part of the USA. The last vote was really close though.
I really feel for the folks in PR, but I don't think the US should be looking to add any territories as new states. Don't we already have enough internal problems here in the US to deal with!
Car-Guy is offline  
Old 09-27-2017, 08:00 AM   #73
Thinks s/he gets paid by the post
Calico's Avatar
 
Join Date: Apr 2012
Posts: 2,786
Quote:
Originally Posted by Aerides View Post
DHS has denied the request to waive the Jones Act for PR. Congress asks, DHS decides:

https://www.reuters.com/article/us-s...-idUSKCN1C12UI

And I don't care about taxes, or who pays what. ICU's in hospitals have no power and citizens are dying.
+1000
__________________
"Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things you only hoped for." - Epicurus
Calico is offline  
Old 09-27-2017, 08:54 AM   #74
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2003
Posts: 18,085
Quote:
Originally Posted by mpeirce View Post
Exactly. The Jones act is basically being used as a political football.

Lack of US flag ships isn't a problem, rather, the PR port capacity is. And beyond that, getting the already existing aid that has been offloaded out into the countryside is an even bigger problem since their road infrastructure is in such bad shape.
Jones Act tonnage costs multiples of what market rate is. Is it really the right time to inflict those increased costs on an impoverished and desperate population? Think gouging for water and gasoline after Harvey hit. Same thing.
__________________
"All animals are equal, but some animals are more equal than others."

- George Orwell

Ezekiel 23:20
brewer12345 is offline  
Old 09-27-2017, 11:58 AM   #75
Administrator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 39,420
Multiple posts were deleted because they brought partisan politics into the discussion.

.
.
.


MichaelB is online now  
Closed Thread


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Tips for Puerto Rico in May? soupcxan Travel Information 18 05-27-2009 07:14 PM
West coast of Puerto Rico FinallyRetired Travel Information 5 02-28-2009 06:46 PM
Puerto Rico Bank CDs? ats5g FIRE and Money 6 09-11-2008 05:25 PM
Puerto Rico soon -- any tips? pedorrero Travel Information 8 09-06-2007 07:06 PM
WHI Westerbank Puerto Rico terminator Active Investing, Market Strategies & Alternative Assets 11 07-27-2007 02:48 PM

» Quick Links

 
All times are GMT -6. The time now is 01:48 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.