Airalee

I never said they disappeared. I just wanted to replenish them and pay capital gains tax at 15% and not have to pay the extra 15%. Be thankful you are in a lower tax bracket. How much do you keep in cash?

How long has the non-o visa program been running so far? I expect it will continue. I’m quite happy with it. With regards to the taxes, I’m fine being out of Thailand for half the year for the time being.

I pay for my healthcare at a private hospital. It is not subsidized by the government. The infrastructure is crap. The roads are crap. I barely drive and instead use taxis. What you wrote was nonsense. But to be expected from a leftist such as yourself. I’m quite content to have Thailand as a temporary residence from now on. It’s not worth hundreds of thousands of baht annually in taxes to live there full time. Thanks, but no thanks.

https://assets.kpmg.com/content/dam/kpmgsites/xx/pdf/2023/01/TIES-Thailand.pdf.coredownload.inline.pdf Section 2.10

Nope. Not interested.

You should educate yourself on how the tax treaties work.

Up until now, I was remitting only savings.

Nonsense

Non-O retirement extension. It can be extended indefinitely. I’m not willing to take the risk that they will want a lot more money stuck in the bank here in order to get a new non-o based on retirement when history has shown that people at lower levels (they used to require 400k before it went up to 800k) are grandfathered in.

I’m referring to long term capital gains. Short term (for a trader) are taxed at income tax levels in the US. Higher than the 15% I will pay for the long term In Thailand, those gains will be taxed at 25-30% for me so I would be responsible for the difference between what I pay in the US and what Thailand wants. Tax treaties don’t mean that you pay 0% taxes here on income taxed already in the US if the tax rates are different. You are responsible for the difference. I don’t know why you are having such a difficult time understanding that.

I won’t consider the LTR visa because it is only 10 years.

Tell us specifically what the government spends for our benefit. Submarines and fighter jets? We certainly aren’t getting low cost healthcare. And the infrastructure isn’t worth paying hundreds of thousands of baht for. Your tax situation might be different.

No. It depends upon the brackets and if Thailand has a higher tax at a certain level of income than in the US….which is applicable in my personal situation, we are required to pay the difference above what we already paid in the US. For example. If something is taxed at 15% in the US and 30% in Thailand, I would pay the 15% in the US and then the difference of 15% would be paid in Thailand.

It’s not about being “taxed twice” Capital gains tax in the US is 0-15% for my tax bracket. Here, at the bracket I am in it would be up to 30% Legally, I would have to pay the difference which is quite significant. It’s not about “might happen”….it’s just the way it is. Thai capital gains taxes (on US based investments) are taxed differently. Your tax situation might be different. I’m not losing sleep over it.

Not everybody is a tax dodger. I pay taxes in the US even though I don’t necessarily like what they are spent on (never ending wars and illegal aliens instead of the homeless). But being that Thailand taxes capital gains at income levels I am just fine spending more time back in the US and Vietnam and less in Thailand. If we actually got something for the taxes we pay….such as healthcare, I would feel differently. I’m not interested in paying for submarines and fighter jets.

Some people just got lucky I guess. Here’s an article about it. https://apnews.com/article/california-wildfires-last-remaining-untouched-homes-photo-gallery-5adfbac6e9d52ffaed5126b7d7469733

The majority of the people who lost their homes in both Pacific Palisades and Altadena are too poor to replace their homes. The fires supposedly have caused over $250 Billion in damage and there is only an estimated $20-30 billion in insured losses. Most have no insurance either through cancellation of their policies or they just couldn’t afford it in the first place. The California FAIR program only has about $750 million with an additional $2 or 3 billion in reinsurance. Most people are conditioned to think people in those areas are super-rich…but they aren’t. Even though the average house in PP was $3.5 million and $1.2 million in Altadena, most of them are/were house rich (millionaires on paper only), and many of the homes were either bought a long time ago or inherited by children who also inherited the prop 13 tax basis (1/10th of what the people who bought recently) so could afford to hold onto the homes….barely. Here’s some info on the incomes of the people who lived there….most will be lucky to afford a decent 1br condo when all is said and done.

Understood. Your situation may be different than mine as you can see if you check out my post just a few above this one. Of course…there are no guarantees with any visa I choose, but for me, I feel more comfortable with the retirement non-o

Thanks for the clarification 🙏

That would be an interesting statistic to know. I’ve never been to an AGM in the 4 1/2 years I have owned my place. So far, it seems to be running fine without my vote. I’d be ok with my vote being worth less as you say.

Fair enough. I’m more interested in staying on the same visa and (hopefully) knowing that I can extend it until death and not be stuck with a huge change in requirements (financial/availability) when it comes time to renew a 10 year visa. Old Non-O retirement visas are still grandfathered in at the 400k baht level and I hope they do the same with mine if they raise the bank account requirements in the future. Fingers crossed. That’s why I never bought into the elite visa when it was 1 million baht (no frills option) as now, I would be 7 years away from needing to renew it and the cost is 5 million for the same 20 years. And that might not even carry me until death. The best deal would have been the elite visa that would have been good for life but that was before my time and from what I understand, it was changed to 20 fairly quickly.

Yes. I can. My hospital gives me the choice.

I looked into the LTR visa for curiosities sake, and would have been able to qualify for it. But I already own a condo and prefer the Non-O for myself. I don’t know why someone would choose a 10 year visa over the 800k in the bank route.

Most of the women I have met have been IRL. Some good….some heinous. Likewise with those I have met online with the exception of tinder where they were all nixed quite expeditiously. Like you say….it’s a number game. To me, it makes sense to bark up all trees be they in real life and online. Regardless, I’m pretty happy with the woman I have in my life now.