That would depend on where those capital gains and dividends came from. In the US, money in a Roth IRA came from after tax investments. And money in a traditional IRA is tax deferred—Uncle Sam will assess the tax—not Thailand. The long arm of the IRS reaches American expats. If they tax us—they need to protect us from double taxation.
I took my Thai wife to CA just before the Wuhan flu. Even then, we saw homelessness in SF, brownouts in the Tahoe area, and a dry waterfall in Yosemite. But Sonoma/Napa, Carmel/Big Sur and Hollywood did not disappoint. Have a wonderful trip.
Now looks like two factors could drive out expats from LoS: An extended period of Baht inflation, and/or a taxation of our pensions, dividends, interest and cap gains brought into Thailand.
I file jointly taxes every year to the IRS. I even pay Estimated Quarterly taxes when appropriate. As a retiree, I don’t normally owe much if anything.
In return, I collect Social Security. No way I would give it up for Thai citizenship.
Interesting point. If we bail on Thailand for tax purposes 180 days , could we send our gains to wives/girlfriends here in Thailand to avoid taxation? So many questions—so little time.
No way Uncle Sam will give up their tax reach and control of American expats in Thailand. A quick look at the Tax Treaty of 1996, Article 10 makes the distinction between dividends earned in the US vs. dividends earned in Thailand.
Well said. Should have an age limit for any Presidential candidate. I suggest 65, with no exceptions. They adhere to this in some corporations We don’t need cognitive decline in the White House.