A US Senator is investigating a fund founder for allegedly dodging $100M+ in tax by claiming Puerto Rico residency right before a big sale. The trap is the ten-year lookback: gain that built up before the move stays taxable after you leave.

Sep 22, 2026 · 6:13 PM UTC

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Replying to @beyond_broke
Yeah, what’s this guy’s problem? We all know only politicians are allowed to do such things
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Replying to @beyond_broke
If you move before 2026 ends turns out your taxes are 0%… go figure. Puerto Rico is looking like a good place to go live 🇵🇷 due to incentives of course🇺🇸
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Replying to @beyond_broke
Do we know this fun Founder's name?
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Replying to @beyond_broke
What about when you sue the irs like Trump did?
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Replying to @beyond_broke
Gain is only gain when it’s realized. IMO, if you set your domicile up properly before it’s realized you shouldn’t have to pay a State gain tax except the place that is documented as your domicile if it’s a State that taxes.
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Replying to @beyond_broke
The irony of a senator who does insider trading
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Replying to @beyond_broke
They all bought places there for that reason a few years ago
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Replying to @beyond_broke
Weren’t you accused of fraud and falsifying how much your fund/trust holds ? 😂
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Replying to @beyond_broke
It's go time Jake.
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Replying to @beyond_broke
The brochure sells sunshine. The lookback sells the real product.
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Replying to @beyond_broke
Along with @satosh0xsol, you're at the top of my feed. The ten-year lookback makes tax residency claims costly.
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Replying to @beyond_broke
Any comments on D'cent hacks?
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