John Paulson Won’t Work From The Beach, Will Pay Your God Damn Capital Gains Taxes

Despite reports to the contrary. Nueva York it is.

John Paulson, the New York hedge- fund manager said to have considered a move to Puerto Rico, said he won’t set up a permanent residence on the island. “In light of the media attention surrounding a relocation to Puerto Rico, he has no plans to move to Puerto Rico,” Paulson & Co., John Paulson’s hedge fund, said today in a statement. “While Mr. Paulson has considered real estate investments and has vacationed on the island, he has no plans to establish a permanent residence there.” Bloomberg News reported March 11 that Paulson, a lifelong New Yorker, had been exploring a move to Puerto Rico, where a new law would eliminate taxes on gains from the $9.5 billion he has invested in his own hedge funds, according to four people who have spoken to him about a possible relocation. The 57-year- old recently looked at real estate in the exclusive Condado neighborhood of San Juan, the people said.

[Bloomberg, earlier]

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15 Responses to “John Paulson Won’t Work From The Beach, Will Pay Your God Damn Capital Gains Taxes”

  1. Deleveraging says:

    Condado = Washington Heights + Palm Trees

  2. DingALing says:

    "I didn't want to pay so much in taxes that it covers the Fire Departments and Police staff of the upper east side, but I felt I….owed it to them"

    J. Paulson

  3. Dr_Rosenrose says:

    No worries, he'll be out of capital gains soon.

  4. Guest says:

    I would think he has enough capital losses to offset by now.

  5. guest says:

    Am I the only person who keeps getting redirect to a survey every time I click into posts?

  6. Jim Lahey says:

    Working as Paulson's PR manager must be a blast.

  7. Guest says:

    "The problem with Scotland is that its full of Scots" – Edward Longshanks

  8. ILoveLamp says:

    It's easy to smirk
    and look like a jerk
    when you've lost all your LP's net gains

    But the hedgie worthwhile
    Is the one who can smile
    When the world sees he's got shit for brains

  9. Read as says:

    Wife nixed the whole school with ricans thing.

  10. ioana says:

    A true blood new yorker can never leave the city. I think it's the same with every big city. I know I couldn't leave mine.

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