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Everything posted by timendres
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This is good advice. Maybe start out by offering 1,000 more and be willing to offer the market value. You've gotten a bargain (apparently) for some years, so "fair enough"...
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Has Elon Musk become an existential threat to humanity?
timendres replied to RSD1's topic in ASEAN NOW Community Pub
Mansa Musa was the richest man in history, and much more "liquid" than Elon. Few of these modern rich people are quite as rich as they are portrayed. Remember that most of their "wealth" in tied up in the shares of the companies they founded/own. If Elon attempted to access all of his wealth, the required share sales would tank the stock price, wiping out a majority, if not virtually all, of their supposed wealth. It does provide leverage in terms of the debt to which they have access, but even that is limited. Anyone who believes that Musk, Bezos, or Zuckerberg are more consequential that the myriad other "players" on the world stage do not fully appreciate the "competition" that is going on at that level. Most of these folks are but one miscalculation away from ruin. Elon has accomplished some amazing things. He has demonstrated amazing buffoonery. In short, he is quite human. In the grand scheme of history, Elon is but a blip. There are much scarier characters out there, in my opinion. -
Business Visa to Marriage Visa possible
timendres replied to fruitspunch's topic in Thai Visas, Residency, and Work Permits
Since it appears that you are on a Non-B visa, or started with a Non-B and extended based on a work permit, you will need to convert that visa to Non-O. I do not believe you can obtain a marriage extension based on a Non-B visa. I believe the marriage extension requires a Non-O visa. When I retired, I needed to hop over to Cambodia overnight to convert my Non-B to a Non-O. There are some who claim they were able to convert their Non-B to Non-O without leaving the country, but I forget the difference that required me to exit and re-enter. -
Tax Deducted from Savings Account
timendres replied to ravip's topic in Jobs, Economy, Banking, Business, Investments
When I asked my accountant about requesting the return of the WHT portion of the VAT that my company was paying, I was informed that asking for that money back was tantamount to requesting an audit. -
The sad truth is that your bank has little choice in collecting this information. It is mandated industry wide. Just give them enough to satisfy their stupid request. "Living expenses" is probably a better answer, as "Family Support" likely does not compute. I entered "Buying a television". They were happy. Ridiculous.
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Tax on sale if condo & deductions
timendres replied to Airwolf's topic in Real Estate, Housing, House and Land Ownership
Here is a calculator that can help you estimate the transfer taxes: https://herorealtor.com/property-transfer-tax-calculator/ -
The issue is Russian access via the North Atlantic. There are several key US bases that are strategically important for this.
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For some, this is true. But for others, it can just increase paranoia and anxiety. Drugs (supplements, whatever) are usually not the best answer, although sometimes necessary in the short term. For myself, it is my hobbies (playing guitar, trading, walking around new places) that helps calm my mind. If your mind is occupied with enjoyable things in the moment, it is not obsessing over the future.
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Foreign man assaults Pattaya transwoman over noise dispute
timendres replied to webfact's topic in Pattaya News
Another reason is that they are men. I remember seeing a tourist sitting in an ambulance getting treated for a gash on his head. He got into a fight with a ladyboy and the ladyboy kicked his ass. -
Suspected phishing e-mail from Wise
timendres replied to a3tsw's topic in Jobs, Economy, Banking, Business, Investments
That is pure genius. -
China unleashes a heavily armed robocop
timendres replied to 3NUMBAS's topic in Off the beaten track
For now... -
This is not true. Rental income would qualify (taxable). Royalties would qualify. Investment income would qualify. Even pension/retirement incomes can get taxed. For instance, my US Social Security is exempt. But if I received a pension from a company I worked for, that pension would be taxed. In my case, I bring my social security into Thailand, but nothing else, since it would get taxed.
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This is important. Most people in your situation have already been taxed. They will need to file the paperwork to show that, but they will owe little or no tax here in Thailand. In my case, I get 190,000 THB for being old. I get up to 100,000 THB as "expenses" computed against 50% of the income. And finally the 60,000 THB allowance everyone gets. In total, a deduction of 350,000 THB - in other words, I would need to report more than that to even begin to owe tax. Then I get to deduct the already paid taxes mentioned above. As @FritsSikkink mentioned, you are exposing yourself to a potential fine. How would they enforce it? If they get sophisticated enough the revenue department will inform immigration of people not paying their taxes. As @KhunLA pointed out, the banks will be reporting the cash flows. So, when you go to renew the extension....
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If I remember correctly, the last time I was in a shop, the bullion spread was 200 baht, and the ornamental 600.
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WOW! Talk about an AI model displaying a built-in bias.
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It is interesting how the Thai text on the ATM is complete gibberish. Still a challenge for AI, although some models are actually starting to handle it.
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More options for almost everything. The levels of insanity possible here are off the chart. Hospital and healthcare choices important to me. I actually like Chaeng Watthana immigration. I dislike the pollution, but it is not a show stopper. I almost never deal with traffic, so that is not an issue. The further you get from Sukhumvit, the happier you will be,