DrPhibes

I want to arrive at my death late, in love, and a little bit drunk.

6 minutes ago, ukrules said:

At what rate do Americans pay tax on for the first $120k ?

 

It's zero isn't it......

Your thinking of Foreign Income Exclusion while working in a foreign country for a certain amount of time.  That is working income only.  Not retirement nor investment income.

19 hours ago, Sir Dude said:

"Viral social media rumors have spread fear that tourists could be kidnapped and forced into scams across the border in Myanmar or Cambodia... by Chinese criminals."

 

There, fixed it for everyone.

That was rather bold of you!

17 hours ago, Gknrd said:

BS,  Chines are saving their money and not spending at home or abroad.. 

Bad times are coming to the Chinese economy.  Being almost 100% focused on real estate as a means of preserving or increasing wealth for the average citizen is an "all your eggs in one basket" problem. 

3 hours ago, shortstop2 said:

Here's a link to the USA-Thailand tax treaty.  

 

https://www.irs.gov/pub/irs-trty/thailand.pdf

 

Article 20 deals with pension and Social Security payments. 

Article 10, 11, 12, 13, and 15 are an interesting read.  Yes, retirement plans and Social Security are sheltered from Thai taxes, but other US derived income has the possibility of being taxed at both ends.  Anyway, any tax paid to Thailand would go on form 1116 Foreign Tax Credit where there is a very high probability you will get all that Thai tax applied to your US tax obligation. 

Or else!

20 minutes ago, Mahseer said:

Can be done at Festival but hours are short 0930-1200 or thereabouts. 
  

 

Absolutely what I needed.  Thanks!

I have visited the Chiang Mai Immigration website and have downloaded the TM-8 form but can not find any instructions for documents needed or fees for a multi-entry one.  Also, can it be done at the Central Festival office or does it have to be at the Airport one and are there specific hrs to apply?  Anyone with recent experience on this that can help?  I'm hoping to not have to go there multiple times.  Thank you in advance!

12 hours ago, fondue zoo said:

 

Yes. less Buddha Holidays and more Boom Boom Holidays!

And on those days alcohol is half price.  (That way we the fatties and uglies can get it on too  do our part.) ooohhhhh yeahh

 

 

 

chick, chick chika

I volunteer!  I have a 21, 19, and 5yr old from the same woman.  The first 2 made on the night we wanted to mak'm, the 5yr old was the only 1x unprotected moment of passion in 15yrs.  Of course it helps she comes from an Issan lineage where the women have kids until almost 50!  65 with a 5yr old, not sure if keeping me young or wearing me out faster!  Seriously though, there are too many of us to support well by the world's ecology.   I think 3 billion tops and well separated to keep enough genetic diversity would be fine.  Yes, economies will have to adapt.

57 minutes ago, RocketDog said:

Yep, along with Eritrea the only two countries in the world's that do it.

For USA citizens though, the first 100k$ from foreign income is tax free.

Actually not exactly accurate.  The first $112,000 of 2022 WORK income out of the US that fits in a 12 month window out of the country that can span more than one calendar year where your not in the US more than 330 days can be excluded.  Enrolled Agent with the IRS ????

55 minutes ago, Wombo1 said:

Back story behind this decision

At the moment you are only taxed on foreign income that you remit to Thailand during the year that it is earnt.

 

So for example if I was to earn money in The Gambia in 2022, if I remit that within 2022 then it is taxed. But if I leave it outside the country and remit it in 2023 then it is not taxed.

 

Essentially they are closing a loop-hole that enabled people to not pay tax on foreign earnings. For example a Hi-So could setup a company overseas, pay themselves a big salary to an offshore account and then only remit that to Thailand 1 year later and pay no tax...

Just posted this exact strategy I use.  Use several bank accounts to season money so that I am using last year's money this year.

Paid 210,000 baht sin sot in 2000 for my wife, my offering.  Paid about $400 for a feast (and hangovers) for the village in the depths of Issan, including a cow we all ate.  Best investment I ever made ????

Ha, great place to hide and manipulate your "salary".

Hahahahaha, "agrees"!

So it has come to this level to discredit, jeeeze!

19 minutes ago, Mavideol said:

big brother XI will not allow it

With a somewhat strategic position, who will line the purse the most.

Ya, after this sham of an election and what may come of it and having a now 5yr old, we have decided to move to another country next June and sit out a couple of years before making the decision to move back.  We did this before with our much older kids back in 2006.

On 8/31/2023 at 4:02 PM, LaosLover said:

Yes, but no.

 

They will tell you yes, and in theory you can. But the merchant being paid may pay a higher commission, or prefer a Visa card.

 

I have had my BKK Bank card declined about one time in six in Singapore and KL. You'll have better odds using the ATM of whatever the biggest bank in Kathmandu is. Or better yet, an Indian bank.

 

Been to Nepal 4 times and would go again tomorrow.

Yup,

That's why I'm ask'n.  Thank you for such a quick response.

Heading to Nepal for the first time in Oct and need to know if I can pull out Rupee from an ATM using my Bangkok Bank card.  I will speak to the bank but I'm looking for actual experience from one of our group if you get my drift.  Thanks in advance!

On 7/22/2023 at 4:32 PM, Sticky Rice Balls said:

I do it on less than 500 bt a day.......all costs inclusive...

 

I bike the city....get 2 chicken snacks from chicken lady  20 bt  and a tea  30

my room comes to 150 bt a day with the AC running a bit high in this heat = 4000-4500 month

 

fruit and tom yum soup on my way home 20 + 50   maybe big order of avocados peeled  40

 

and usually still have left over cash from my 500 bt daily budget to gauge my spending

 

fill up the motorbike once a week for 80    do my laundry once a week also 80...

 

biggest $$$ being my visa renewals which will be #2 this week, so there goes 2000....blah

 

If i want to go drink or whatever i can do so as im under budget but happy with my routine

 

I dont pay to play as my hand works just fine..i also have my other hand aka my Gik...

 

come home shower eat and watch news-movies that i chrome cast to tv...read my books

 

simple living--stay active and fit and eating local and healthy......sure beats the states...

 

*let the flaming begin*

Each person's experience of what constitutes basic essentials and "living" is different, ya can't judge another for that, only yourself.

On 8/21/2023 at 2:26 PM, Adumbration said:

Accident insurance (AXA) for unforseen events. 

For surgeries go to New Dehli or Calcutta and for chronic and terminal illness go back to your county of origin.  

 

Sheryl will provide the only advice worth listening to when she posts on this thread.

Thanks for the tip.  Really only looking for catastrophic insurance, I can take care of the rest out of pocket.  Anything chronic or not time critical I can go back to the US and use Medicare.

Wow, 65, slightly elevated (not high) BP (in check by the most minor of medication) but nothing else.  Had dropped my private US insurance that was costing me nearly $1,300 USD/mo when I hit US Medicare earlier this year but now need 5mo of coverage while in LOS before heading back to the US.  The coverage here in LOS is nuts bad.  I don't need life Ins and the roughly $2,000 USD per year (can only be paid yearly) being quoted pays jack s__t per Confinement (which, while there is an asterisk on it, is never defined).  I agree with others in this thread in that companies like Cigna Global might be a little bit more expensive, but way better coverage.  Going that route...