atpeace

OK but they are and you're stuck on it isn't covered by a DTA. Please show any document that stipulates pensions aren't savings. We get it - private pensions aren't covered by the DTA and I understand why they aren't covered. 2025 private pensions (saving/investment/whatever) will be assessable but I'm not even sure this will be enforced.

Thanks, that is what I was attempting to explain to Jingjing. He is stuck, possibly correctly, on it isn't covered by a DTA. IMO, it doesn't matter in the least if it is excluded by Por 162. This debate is circular and entertaining 🙂

It is a combination of earning money and not spending all of it. . Do this for a decade or two and you end up in most cases with a big sum. Are you retired? Also creating a life that is sustainable with the money you have saved. Retiring without ample saving is just a dream. Some dreams come true but usually not.

We disagree and I don't think Thailand going after pre 2024 savings. They like the rest of the world is grappling with tax residents using their country as a tax haven. Many people are living here in Thailand earning income and not paying taxes to any country. Many on this forum feel this is justifiable and I'm not one of them. "If" Thailand does enforce new taxes on expats, it will be an attempt to tax the freeloaders and their own citizens earning income outside of Thailand. I'm not concerned at this point but it is getting interesting 🙂

And you would think the minority of Europeans would have fewer embarrassing moments. It's amazing the sheer volume of westerners making arses of themselves compered to the Chinese.

Wow, you always want to argue. I never mentioned you were confused personally. Have a nice day 🙂

That would be stressful 😞 I would find it hard not to worry daily about the day I would be destitute. To each his own and if some can be happy living on the edge then good for them.

I think your sources are confusing "not covered by a DTA" with taxable. If it is saving in a bank account it isn't taxable but if in a private pension it is taxable? Maybe but doubt it. One thing that is obvious with expert opinions in regards to Thai taxes is that they know little at this point. I'll go with common sense until I get better info. Not trying to be argue and just my opinion 🙂

Sorry, I don't get out much and live a very simple life. I was referring to retirees here not the younger crowd. Are you not retired?

Thanks and that is concerning but is it really an issue. I wasn't asking about the DTA agreement between Thailand and the USA. Please show me any documentation that pre 2024 "savings" in private pensions are taxable. Post 2024 saving would be taxable I assume. Your source is correct the DTA are seen as private pensions but that does not infer that pre 2024 saving in these accounts are taxable. Just my opinion but makes complete sense to me 🙂

So if you are a tax resident with ample savings earned before 2024 then all this tax anxiety that many have is not a concern. I personally have enough in my 401k( USA retirements account ) that I can access in two years that would last 30 years as well as other savings on top of that. I assume most tax residents here have at least enough in saving to last another 20 years. Why all the anxiety? Am I missing something ? 🙂

That is amazing! I'm a new EV owner and also still have my ICE truck. My only gripe has been the charging away from home. Usually takes me at least 45 minutes to go from 20% to 80% using primarily PTT fast chargers. I've had very little luck with other charging destinations for numerous reasons.

OK

I wonder what the cost of health insurance would be for healthy individuals with a BMI under 24 if we weren't forced to subsidize people with unhealthy lifestyles.

Isn't happening - too many corporations that rely on sugar addicts. Salt is the easy scapegoat.

Salt can be bad but if you exercise a lot like me it is needed. I add salt to my water and if I don't, my muscles cramp up on some runs. Lots of new studies showing that salt isn't bad for most healthy individuals but the things that people put sat on are often terrible ( Fries, pretzels, sticks, etc ).

HaHa, not going to play. I thought you were a fool but I get it now. It is an act and you are playing the part to perfection. Cheers 🙂

Duh, your point? I never said the above isn't true. Do you actually read posts or just reply to stories in your own head. Why are you stating that wealth disparity isn't an issue? Get where I'm going with that? 555

Not sure but they seemed to work during the 1980s. So many variables and that was a good decade for me 🙂

I agree 🙂

We weren't discussing income disparity as I addressed with you in an earlier post. The post was in to regards to middle class income growth. Think we all get that the gap is growing between the rich and basically everyone else but you keep using this argument repeatedly out of context. Is it that important to you to be right that you create arguments that never existed? Darn, forgot you got me again 🙂 I replied to your silly post. Another win for the Chomper 😞

Good question. Not sure but you could use 1980 and the same would apply and would been be over a shorter time period. The 1970s with the rampant inflation was not great period for the middle class.

Not a bad summary 🙂 Biden could have done the same thing but his party really didn't make that a possibility. Still think the economy is going to tank which is by no means Trumps fault and the democratic party will blame him for it just as they are on the current inflation. Silly but interesting drama.

Hmm, I wonder how much money other countries would contribute if this was an issue in the Americas? France has thrown in 3% of what USA has contributed. This is ridiculous. Europe needs to stop pretending and actually start contributing to helping Ukraine.

I assume you are the one that put the confused emoji on my post. I get tit now. You have no idea what I'm referring to when I ask you to provide links and not the article. Simply replace the huge post above with your last line ( i.e., https://finance.yahoo.com/news/social-security-employee-under-investigation-000017561.html) You can comment on the link but when I see you joined a thread I move on rather than wear out my mouse wheel scrolling through endless articles. Could you imagine if all of us posted like you do. It would make threads impossible to navigate and destroy any interest in perusing topics.