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lordgrinz

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Everything posted by lordgrinz

  1. lordgrinz
    I actually can't remember if I gave mine to SCB in 2016, or not, but I do declare through an FBAR the account here in Thailand.
  2. lordgrinz
    I know the current US Administration would like to tax unrealized gains on stocks, etc......which is why I asked about 401K's and IRA's as they fluctuate in value as they grow, not just contributions. So I wasn't sure how this would apply in Thailand, do they consider it income this year if my IRA doubles in value this year? That could be a huge issue.
  3. lordgrinz
    Arguably more actually, I am sure I have paid more in taxes already then 90 percent of Thai's have ever paid in their whole lives.
  4. lordgrinz
    Since most Thai's pay no income tax, that argument falls flat.
  5. lordgrinz
    That's what has bugged me about the whole thing, the remittance part seems so odd, and highly unmanageable....which is why this new news from the RD makes more sense, taxing Worldwide income would be at least, normal.
  6. lordgrinz
    Not on your life, rich Thai's will just move themselves offshore too, thus negating any dividends from them.
  7. lordgrinz
    Is there anything in the laws, as they are now, that would make 401K's and IRA's open game for taxes if they aren't cashed out? They are the moment tax deferred until they are withdrawn, not sure if that applies in Thailand.
  8. lordgrinz
    Tax everything, that'll magically fix all the problems, not.
  9. lordgrinz
    Loved Kauai, would love to return and go hiking, eating, reading, swimming, surfing, etc.....but yes, it would include some Corona's and limes too 😉
  10. lordgrinz
    I would be heading for Kauai to a beachside mini-mansion, with my own private beach, never to step foot in another city ever again.
  11. lordgrinz
    It means when she is threatening somebody about taxing them, they should take serious notice.
  12. lordgrinz
    So, its a guessing game?
  13. lordgrinz
    John Smith .....for example, what? Maybe half a million of them in the US, good luck.
  14. lordgrinz
    But how do they match it up to any particular individual? Like I said, without a US social security number they would be hard-pressed to match me to anything.
  15. lordgrinz
    How exactly? Without a USA social security number how would they know anything? My accounts are listed to my home address in the USA, not to Thailand.
  16. lordgrinz
    My wife does the taxes, and includes me on hers, I have never signed anything. So no perjury, at least not on my behalf. With her income at about B1.5 million, anything from my side (worldwide income) would put us in a bad place. Not rich by any means, but for those of us in the B1-5 million range, things look ugly.
  17. lordgrinz
    Exactly, offer us no TM30's, no TM6's, no 90 days, no yearly extensions, no reentry permits, and give us permanent residency after 3 years of taxes.....then maybe we can accept taxes.
  18. lordgrinz
    The "Hub" of taxes!
  19. lordgrinz
    Exactly, the rich don't have to live anywhere, they are highly mobile. Scare them off, and they can quickly move somewhere else. Us small fish? Nope....we are stuck with the aftermath.
  20. lordgrinz
    It's those of us with wives and children in school who will feel the most pain, especially those of us with what would be mostly tax free income in our home countries.....that income will now be subject to Thai taxes, as the bar for taxes is set much lower in Thailand than at home.
  21. lordgrinz
    If the Director General of the Revenue Department is making the statement, then it should be taken seriously, anyone making future plans and ignoring this would be nuts.
  22. lordgrinz
    As long as everyone pays 13%, not a tiered system where some pay nothing, then I am OK with that.
  23. lordgrinz
    Sounds like communism.
  24. lordgrinz
    Define "Fair share"
  25. lordgrinz
    Most Thai's don't pay taxes, they should look in the mirror first.

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