Author: Savvy Dime Staff
Puerto Rico is rapidly becoming a tax haven for many wealthy Americans. Thanks to Act 60 that incentivizes Americans to boost Puerto Rican economy, people are moving there. Moving there to live and do business doesn’t cost a mainland American their citizenship. But the locals, it seems, are not entirely happy with the situation. Act 60 Migrants Source: Andy Orin/Unsplash There were about 27,000 people moving from the US mainland to Puerto Rico between 2021 and 2022, according to the US Census Bureau. Under Act 60, these newcomers get a 4% income tax rate plus a 75% discount on property…
S&P CoreLogic Case-Shiller National Home Price Index analyzed 20 cities for year-over-year jump in house pricing. The study found that the city with the highest jump is San Diego in California. House prices in the Southern California city increased by 11% in January, according to the report. A Drop in Demand Source:Joshua Woroniecki/Unsplash It all began in January 2023, when the observation over the housing market in the US. Back then, prices were being corrected as a result of a drop in demand for homes. That drop was in turn caused by an increase in mortgage rates, thanks to the…
It used to be that you could find anything, from cleaning products to office supplies, for $1 at Dollar Tree. But a continuing price increase by the discount retailer is changing the situation. Dollar Tree announced that the maximum cap of products at their stores is now $7.00! And shoppers are wondering, “Is it time to worry yet?” A Steady Increase Source: Fab Lentz/Unsplash Admittedly, Dollar Tree has been steadily raising prices. The 1-dollar price tag went up to $1.25 in 2021. Then, the cap was increased again to $5.00 not too long ago in June 2023. And now the…
On April 1st, Californian fast food employees are set to receive a raise. They will be paid $20 an hour, which is the new minimum wage rate. However, instead of resolving the employment issues in the state, the new policy is bringing a new problem to the table. These workers are now facing job cuts. Cutting Employees to Save on Cost Source: TaurusEmerald/Wikimedia Commons In an effort to offset the rising costs caused by the rising price of minimum wage, owners of Californian fast food joints are laying off their employees instead. Several chains, like Pizza Hut, have already notified…
Helping people in need is one of the most generous things you can do. But beware of others who take advantage of that generosity. Asking for funds for victims of a crime that doesn’t exist isn’t just fraud; it’s wrong. And such is the case with a tragic news story written by an author named Jamel El-Amin. His news is fake, but links to GoFundMe found in his articles have managed to raise $1,500. Fake Father and Daughter News Source: Michael Jin/Unsplash Jamel’s tale of tragedy, published under the name “Blast News 356,” first appeared on a news aggregator website…
Keeping an exotic animal as a pet may sound like a fun idea at first. But having a valid license to do it is a crucial part of this endeavor. Tony Cavallaro of Hamburg, New York, learned the hard way that not having a proper license could rob him off his beloved exotic pet. The Alligator Is No Danger, Pet Owner Claims Source: Tony Cavallaro/Sweet Buffalo/Facebook Cavallaro’s pet alligator, Albert, was recently seized by authorities. At the time of his capture, Albert weighed 750 pounds and measured 11 feet long. Cavallaro said, “He’s just a big baby.” Claiming that Albert…
Immigration is still an issue in America today. And Republican Gary Franks fears it’s an issue that serves as a ploy for Democrats to win elections in the future. But is it true that President Biden is posed to bankrupt the country for the sake of illegal immigrants just to win votes? Some numbers may prove it is indeed the case. Illegal and Uninsured Source: Mitchel Lensink/Unsplash Franks posits that illegal immigrants enter America without healthcare coverage. These immigrants will end up having the American government as their healthcare provider, despite this fact sheet saying the contrary: that undocumented immigrants…
Humpback whale population numbers are taking a dive due to a new threat to the majestic animals. They’ve been targeted for hunting/whaling throughout history until 1986, when whaling was banned due to the whales almost being mass-killed. Since then, the population levels have been growing back until recently, when the number of whale pregnancies has dropped. This has been happening since the last decade due to a rise in sea temperature, causing a marine heatwave. A new study has found that rising sea temperatures due to a marine heatwave have been the cause of the major humpback whale die-off. How…
A controversial and expensive construction project in a Maine town has sparked backlash from locals near the project. A town in Maine called Brunswick is experiencing an uproar from its residents due to a $13 million construction project. The project consists of 60 apartments that will house asylum seekers who need a place to stay. The main reason for the residents’ uproar is that these asylum seekers can stay there rent-free for two years and then only need to pay a fraction of the rental price. The Rising Costs of Apartments in the Brunswick Landing Complex Causes Anger Source: Brunswickme.org…
Paris is set to hold the 2024 Summer Olympics from the 26th of July to the 11th of August, but could the City of Lights be heading for an Olympic disaster? With the Summer Olympics nearing ever closer, Paris is ramping up its efforts to get ready to host the prestigious event. Still, many people have concerns about whether the city will be ready in time, or if it will be heading into a disaster broadcast on the world stage. The Plague of Mites Could Be a Problem for the Paris Olympics Source: Wikimedia Commons Paris needs to address a…