Puerto Rico... una invitacion a saborear la isla del encanto!

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NIDO said…
Poverty in Mississippi vs Puerto Rico

In the United States the definition of poverty is an individual with income less than $31 per day or a family of four with income less than $63.00 per day ($22,995 year). http://federalsafetynet.com/poverty-definition.html
The poverty rate in the following states and territory is as following:
1. Mississippi 21.9%
2. Louisiana 19.2%
3. Puerto Rico 43.5%
The average income in Mississippi: $33,570 https://www.bing.com/search?q=Average+income+in+Mississipi&form=PRUSEN&pc=U453&mkt=en-us&httpsmsn=1&refig=a99d7b17fc3f4b548ddde1f30d441d0d

The average income in Puerto Rico: $19,518 https://www.census.gov/newsroom/press-releases/2014/cb14-17.html

NIDO said…
Part 2 Poverty in Mississippi vs Puerto Rico
Twenty-five percent of Mississippi residents struggled to afford food a few years ago (2013) — more so than any other state — a new Gallup report found.
https://www.huffingtonpost.com/2014/03/25/hungriest-states_n_5028586.html

Puerto Rico residents do not pay federal income tax as a general rule. All federal active employees and retirees to include members of the Armed Forces do pay income taxes. All working individuals in Puerto Rico pay into the social security and Medicare fund.


Child Tax Credit—if you reside in Puerto Rico, you cannot claim it, unless you work for the federal government. The Child Tax Credit under 2018 tax reform is worth up to $2,000 per qualifying child. The age cut-off remains at 17 (the child must be under 17 at the end of the year for taxpayers to claim the credit). https://www.hrblock.com/tax-center/irs/tax-reform/new-child-tax-credit/


--The Supplemental Nutrition Assistance Program (SNAP)
If you live in the 48 contiguous states, Hawaii, Alaska, Guam and the U.S. Virgin Islands, and your monthly income is $3,118 and a household of 5, you may qualify for a benefit of $1,162 monthly.
https://www.benefits.gov/benefits/benefit-details/361

NIDO said…

Part 3 Poverty in Mississippi vs Puerto Rico
Having residence in Puerto Rico, your income for the whole year cannot be over $6,907 with a household of 5 to qualify for SNAP. The average SNAP in Puerto Rico is $250 per month. https://fns-prod.azureedge.net/sites/default/files/PuertoRico.pdf

The Earned Income Tax Credit (EITC), sometimes called EIC, is a tax credit for workers with low to moderate income. If you are a resident of Puerto Rico and not an employee of the federal government, you don’t qualify for it. https://www.benefits.gov/benefits/benefit-details/939


The Jones Act, when it was established in 1920, was meant to promote shipping by U.S.-owned and operated vessels. Goods such as new cars are 40% more expensive in Puerto Rico than the mainland as the law mandates the use of American ships for any movement of goods into the island. That means that foreign goods have to come to a U.S. port of entry and goods reloaded into an American ship for further movement into Puerto Rico.
http://money.cnn.com/2017/09/27/news/economy/jones-act-puerto-rico/index.html

If you live in Puerto Rico you are not eligible for Supplemental Security Income (SSI) Benefits. An extra $750 (1 person) or $1,125 (couple) is available if your income is too low even if you are getting a social security pension.
https://www.ssa.gov/benefits/ssi/
Puerto Rico imports over $49,000,000,000 worth of goods from the mainland, or the equivalent of over $14,000 per each individual residing on the island. https://theodora.com/wfbcurrent/puerto_rico/puerto_rico_economy.html

If you live in Mississippi and considered “poor,” you have numerous resources available to you but out of reach if you reside in Puerto Rico.
The average Mississippian pays $1 to the United States treasury in taxes. In return, the average individual from Mississippi gets $3.09 in benefits from the U.S. treasury.

The average income per household in Mississippi is $33,520. The “average” in Puerto Rico is $19,518 (other sources provide variant averages to include annual incomes over $30,000). The benefits accrued to Mississippians and other States are quite significant.
The average federal income tax paid by a Mississippian household in 2014 was $8,437. In return, the federal treasury returned to the State, $26,070.33 ($3.09 in exchange for $1), for the average tax payer in benefits. These benefits may include:
1. Supplemental Security Income (SSI) of $1,125 monthly or $13,500/yearly per couple—if you are poor, income under ($22,995 year)
2. SNAP (Supplemental Nutrition Assistance Program, up to $760 per month or $9,000 per year.
3. Child Tax Credit ( for a working parent)—up to $6,000 per year (for 3 children)
A very poor person in Mississippi is eligible for useful benefits upward of $28,500. The most a poor person residing in Puerto Rico can get is $250 per month on SNAP befits or $3,000 per year. There is no tax advantage for residents of Puerto Rico. If the people from the island were to pay federal income tax, the majority most likely would enjoy the tax benefits in parity with Mississippians, and just with the SNAP and Child Tax Credit, the average Puerto Rican income would advance to $34,518 per year. Likewise, you remove these benefits from the average Mississippian and the yearly income falls to $18,570.

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