Hello Everyone,
I am trying to estimate the tax bill for a person with the following scenario:
-53 years old, single
-On a Retirement Visa (65k a month method)
-In Thailand more than 180 days in 2024
-All transfers/remittances to Thailand are from 'self employed' income earned in 2024 in the USA (and transferred from overseas)
-All income for 2024 NOT from Pension, Social Security, Savings or investments
-Total income remitted to Thailand would be (65k x 12 months = approx 780,000 for the year).
Question: What tax rate/amount might would apply to this individual? (assuming 780,000 a year transferred to Thailand?)
And, if this person opts to have ALL of their taxes assessed and paid in the USA, on their 2024 tax
returns, how does this person avoid double taxation in Thailand?