
Presnock
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Everything posted by Presnock
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US banking, FACTA in reporting includes IRS form 7 where one would put the tax number of whatever foreign country he is a tax citizen of other than US and if no tax number there is a bracketed area to explain why - i.e. having no assessable income in Thailand for me. My US bank has not asked for any Thai tax number and local bank accepted my info which I recently checked and they said all was in order.
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well the man reportedly the richest in the world recently before losing some of his wealth, has been seeing how many different women he can impregnate without marriage, just gives them a big bank account for them to live on forever!
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Correct, I do believe this is for ALL Thai tax residents, whether they be Thai or what ever. But I also fail to understand why the Revenue Department doesn't put out an announcement to all the news media so that hopefully the full story will known though recognize that they seldom put out the whole story anyway.
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"Eat to Beat Disease "- The body's five defense systems & the foods that could save your life copyright 2019 "Eat to Beat your Diet" - Burn faft, heal your metabolish, live longer copyright 2023 The best thing about the information in these books as he says - these are not typical diets per se, but have so many different foods that one can plan their own diet with foods that they really enjoy. He does occasionally add a favorite recipe. In Bangkok, I purchased the books at the KINOKUNIYA Bookstore - there are several stores, google the name of the store - Siam world is where I got mine.
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Hard to determine exact details. But from what I read so IMHO, after 2026 all remittances will be taxed or worldwide income on Thai tax residents will be taxed. Thus within the next several months we might see that bit on when the worldwide income might start so that it can be published well before that first year due. Again, though, I am only guessing but the wording just seems strange.
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For anyone interested, Dr. William Li, a noted Harvard trained heart specialist and food researcher, wrote two best sellers on the value of different foods readily available in Thailand too. His books tell on what foods are good for different reasons, some to prevent disease, some to control the disease and some to even cure the disease. His research have provided proof that one's diet is in most causes disease and poor health and therefore how changes can provide one with good health. The two books are available in Bangkok as I purchased both and have read them and use them regularly as I alter my eating habits. As he touts the value of different foods, he also provides how the testing was done and where it occurred. Olives and Extra Virgin Olive Oil are mentioned many times in the books. We are lucky to be in Thailand as so many healthy fruits and other foods are readily available at rather cheap prices compared to many countries. Best of health to all.
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I agree totally and haven't yet nor do I plan to read anything about Thai taxes of my US civil government pension and my LTR exemption from Thai taxation of foreign income unless I am told that "assessable income" since by definition, I read that I am totally exempt since I don't have any assessable income. If Thailand plans to break their treaties with 61 nations concerning DTA's, I will think about it but until they also change the benefit advertised in the LTR visa, then I will be able to read all "the handwriting on the wall" so to speak and then believe that due to the large numbers of retirees fleeing this land, plus the fact fewer tourists are coming now, that they will rethink their increases in the income tax base within the country. Anyway, I do wish all good luck with this issue as it appears to have a lot of concerned expats. Happy rainy season!
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IMHO, Trump should be the last one to criticize anyone about participation in any war - after all he is well known as MR. Heel Spurs so he could avoid the US draft and then played the major sports in College. And over the years numerous comments of disdain for US military especially POW's and wounded.
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but imho as I have stated many times, too many of the elected officials are basically corrupt in nature - they see an easy way to obtain riches even though they only get a meager salary i.e. for over 4 years the Congress has not even been able to floor a bill outlawing insider trading for the congressfolks. But we saw some of Ms. Green's doing some insider trading during the Trump tariff back and forth. And, now we learn that the new attorney general sold over a million dollars and then later bought 1 to 5 million dollars on the stock market during one of the latest back and forth Trump tariff schemes. If still unsure, figure how Trump's family in the first 3 months of this year had their finances increase by 3 billion dollars - now after the 3 visits in the middle east I wonder how much they gained. And everyone who has followed politics the last few years should remember the clamor about Hunter Biden and gains by the Biden family that never totally proven true. That is why IMHO they are all corrupt and beholding to the rich in hopes that they can ten become richer. Meanwhile, the congress is busy looking for changes to the pensions and benefits of the govt workers to cut their benefits, and looking to cut benefits from medicaid and other benefit programs for the poor, young and sick. Also IMHO if Trump had lost the election things may also have tanked as they might sooner!
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I have my pension check auto deposited in my USA bank account at sdfcu.org (don't need a US address or phone number) and whenever I send a wire transfer to Thailand, as long as the bank receives the transfer request by 0800 Eastern Standard Time USA, it goes out that same day is therefore the day following is received so 1 day only from request. I have done this for 5 years without any problem or change. I am charged a standard bank fee for transfer but they do advertise that their bank customers can ship funds via WISE as possibly cheaper. I figured out the cost for what I normally send and while it may be a few dollars cheaper, I still prefer to use what I have found to be trustworthy in my mind. Best of luck to all.
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The Only Rule in Thailand Is: Sod Everyone Else Innit
Presnock replied to Lewie London's topic in ASEAN NOW Community Pub
The problem here as far as road accidents go is that 70-80 percent involve motorcycles and the reason IMHO for that is that Thailand makes excuses for motorcycle drivers (of all ages although there are restrictions) and then IMHO local motorcycle drivers "graduate" to automobiles and their motorcycle driving techniques and habits interfere with car driving , i.e. cutting of corners even though it means changing lanes to the incoming traffic, etc, no helmets 4 or more on a motorcycle, etc and the local police ignore these violations of safe driving. -
Why More Parents Are Choosing This International School
Presnock replied to CharlieH's topic in General Topics
what colleges acceot the majority of foreign students - say in the US? Just asking for future reference -
I too am 78, use to do the 12 monthly deposits - was easy to work with the officer at the Bangkok Bank as I told him what I needed as I was doing my yearly extension - he corrected me and told me to come back in 3 days and he would have all the necessary copies for immigratoin and then I could deposit 100 baht and update my bankbook on that day I was going to the immigration - same thing each year, he recognized me and gave me all the necessary bank papers needed. The all I needed to do was make a copy of every page of my bank book - CM immigration.
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all those months with the Republicans laughing about the old-age acts of Biden - did you catch the videos of him falling asleep during the welcome ceremony in Saudi?, Then he gets up when announced to make his speech and he goes the wrong way and had to be hand-held to the correct spot where he stumbled on his speech embarassing his advisers that joined him on his trip to check out how much money they will give his family? IMHO a true joke for sure and know the Saudi's ae still laughing
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Markets Rebound as US and China agree to slash tariffs for 90 days
Presnock replied to Social Media's topic in World News
well you sound like the president - that is what he said when they cited him and he said that it was just cheap junk anyway and a waste of money. Yeah if you heard his original comment, mr rich guy says he remembed a young girl with 30 dolls - probably his daughter at a young age as they were rich and I am sure he bought whatever she wanted for Xmas. IMHO but who is he to determine what one would buy as a Xmas present for their kids - what everyone is trying to wake him up to see that people instead of having great jobs and lots of money, they won't have any money to buy anything or that the shelves will be empty to begin with. IMHO typical rich guy could care less what the economy does as he is rich and can afford whatever he wants anyway so who cares about the poor, as they are nothing but losers in his mind. -
too true. I used to jog every day at lumpini park and lived down the street from there so I would be walking on nothing but patches on a road that had been re surfaced within the past six months and like mentioned here, after being re-surfaced, here comes the first on with water pipes to replace the old ones leaking, then next month here comes communications lines, electricity etc so that the road is covered in patches which never seem to last very long so no smooth ride either.
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Well he may not be 100% correct in everything he says, but some things are definitely correct - the food industry in the US has actually created the 40% plus obese plus and additional large group of Fat people that need pharma to remain lucid and active IMHO. We know that the food industry has for decades accepted certain cooking oils definitely dangerous for one's health, trans fats have been know for many many years yet it took 20 years of proof before the govt decided it was bad for us. Chips and foods like this are made with additives that actually "hook" people just like drugs can be addictive. IMHO the pharma industry and food industry have worked together to make an industry for themselves at the health expense of the citizens. They don't really seem to be interested in an immediate cure though! IMHO.
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Taxable income threshold amount.
Presnock replied to notrub's topic in Jobs, Economy, Banking, Business, Investments
Basically would need to know from what country your pension is from - civil govt or public company or what. You can go on the Revenue Dept web site for the chart on earned income deductions, etc. https://rd.go.th oh, I forgot add "/English" after that -
Wise transfers
Presnock replied to Geoff914's topic in Jobs, Economy, Banking, Business, Investments
Yeah, I send from my bank in the US to BB also and they wait I think till the PM exchange rate comes out so that then they can use the AM if lower or PM if higher for them. This is strictily MHO as I have been sending the money to BB for years and this is the impression I have gotten about it. -
from all that I have read about the "presidential aircraft" he would never be able to use it as AF1 anyway as it would need to be given a complete overhaul, new electronics, all kinds of upgrades for security, etc. Even today, Boeing has not been able after 4 years to finish the upgraded AF1 plane as they are too busy so how could they ever find time to complete a new upgrade on the Qatari gift? But, it is only worth 400 million while these three visits each have about a billion or more funds for the Trump family. Until the Supreme Court chanes their ruling on his criminal activity, he will continue to try to push the envelope evey further IMHO. He is exactly like the old Mafia Dons of yesteryear - which is the era he learned how they got awary with anything they wanted but got super rich and that is all he cares about anyway IMHO