YouTube star Logan Paul has made headlines once again, investing $32.5 million in a stunning luxury estate in Puerto Rico. This purchase marks a significant milestone for Paul, who has resided on the island since 2019, previously renting a home. To showcase his new property, he recently uploaded a video tour to his YouTube channel, capturing the extraordinary features of his new oceanfront mansion.
Logan Paul’s Investment in Puerto Rico
Logan Paul’s recent acquisition of a $32.5 million estate in Puerto Rico has garnered considerable attention, aligning with his lifestyle and business ambitions. The YouTuber, who has been living in Puerto Rico for the past few years, now owns a permanent residence that reflects his success in the social media landscape. His latest YouTube video provides viewers with an exclusive tour of the luxurious property, highlighting its features and breathtaking views.
The Appeal of Puerto Rico for Wealthy Americans
Puerto Rico has increasingly attracted affluent Americans—not just for its stunning beaches and high-end real estate, but also for its advantageous tax incentives. The local legislation, including Act 60 (which encompasses the previously separate Act 20 and Act 22), allows individuals and businesses that establish genuine residency on the island to significantly reduce their tax burdens.
Under Act 20, businesses that export services from Puerto Rico benefit from a mere 4% corporate tax rate. Meanwhile, Act 22 offers individuals the remarkable advantage of 0% taxes on dividends and capital gains for assets acquired after relocating. This can lead to extraordinary savings; for example, income that might be taxed at 40–50% in states like California or New York could face only 4% taxation, or even none at all for certain investment profits.
To illustrate the financial impact, consider an individual earning $50 million annually. In California, they could owe $25 million or more in taxes, netting them approximately $25 million. Conversely, that same income in Puerto Rico might incur only a $2 million tax, allowing them to retain $48 million. The disparity becomes even more pronounced in cases such as selling a business: a California resident selling a company for $1 billion could lose nearly $400 million in taxes, while a Puerto Rico resident who started their business after moving might pay nothing on the same transaction.
These financial advantages have prompted a surge of hedge fund managers, cryptocurrency investors, and high-profile entrepreneurs to relocate to Puerto Rico. Logan Paul is among the latest notable figures to join this trend, trading hefty state taxes for the tropical lifestyle offered by his new $32.5 million coastal mansion.
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