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Everything posted by timendres
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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,
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An associate once said, "I wouldn't touch one unless I was wearing a wetsuit".
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Nope. Happy with equal application of the law. My point still stands.
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Right. Let in millions of undocumented, god knows who, but kick out the guy who started SpaceX and Tesla. Makes total sense.
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Expat By Choice - But Why Are You Here?
timendres replied to RethairedJarhead's topic in ASEAN NOW Community Pub
I came to fall in love with a Thai girl. I fell in love with Thailand. For me, it is Thai people. That is why I stay. I really like them. -
I read AN on my laptop. The new newsletter looks really nice. Well done.
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Since you do not fully understand that gold is money and fail to see how the upside down chart clearly shows paper "money" losing value against real money, I believe it is you who will regret not getting sound financial advice. You are correct that "money is not dying" - the value of gold in terms of the paper known as USD demonstrates this. You are also correct that "fiat paper" is not dying, since it must continue to be used for transactions. It is simply that fake money is losing its value relative to real money. The answer, therefore, is to stop thinking of fake money as a store of wealth. Real assets, like real estate, gold, bitcoin, and many other investments, are for storing wealth. Paper money is for transactions.
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SS will not stop sending out checks. The US Federal Reserve will but all US Treasury debt when they have no other choice. Your real concern is a "haircut", where the SSA determines that benefits cannot be met in full. You will lose 20% or more of your benefit. But before that happens, you will likely see them nullify the COLA adjustment. That is the big red flag. What will complicate matters, at that point, is that USDTHB could potentially be in free fall. Then your haircut will be amplified by the poor exchange rate. You will not get "nothing", but the financial pain will be quite intense. I have planned for a 25% haircut in 7 to 10 years, with USDTHB hitting 25. I feel this is the worst case scenario for those over 60 collecting SS.