How I Moved to Puerto Rico and Eliminated Federal Taxes
13 May 2026 · 1 min
0:34
In this video, Mike Milligan explains how he and his wife established legal residency in Puerto Rico to take advantage of the island’s tax incentives. He describes the concrete steps they took—obtaining a Puerto Rico driver’s license, spending the majority of their time there, and building charitable connections—to qualify as bona‑fide residents. He then outlines the tax benefit: income earned on the U.S. mainland that is subsequently brought into Puerto Rico is exempt from U.S. federal income tax, while only a modest Puerto Rico tax is owed. The segment emphasizes the simplicity of the approach and the significant tax savings it yields.
