Hello all,
I am new to the forum and am planning a full move to the southwest side of the island by 2020. Though I was born in NJ and lived here my entire life, I have family and many connections to that part of the island. I've traveled there frequently throughout my life. I'm researching to realize whether I would end up paying 24% federal (that's my bracket) and in addition be required to pay 30% PR tax? I'm studying up on Act 22 but I believe that this would only affect income that I may produce as a result of opening a business on the island. I am also wondering if my 403b would end up with the same ramifications mentioned above. All experienced responses would be greatly appreciated.
Gracias.