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Everything posted by sirineou
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Same score but I beat you time. Seriously I took the general knowledge quiz and was surprised that I did not do as well as I thought I would. The questions were like trivia pursuit questions and since my whole life has been dedicated to the pursuit of triviality I thought I would do a lot better. But I think it was the fault of the quiz because it kept asking me questions I did not know the answer.
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As I said , it looks like that accountants for farangs will become a lucrative business. They say that the new tax system is designed to increase Thai tax revenue, I think it will have the opposite effect of people transferring to Thailand the absolute minimum. Anyway, It was a pleasure talking to you guys, got to go take a shower 'cause wife wont let me in bed unless I do. lay down and read for an hour or two , and hopefully fall asleep. Good Night
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In view of my precise and factual what do you think? Does China have Issues? what country does not? sis I say it will dethrone the dollar? No go back and read what I said . I said it could, "Russia, China team up against the US dollar with planned blockchain payment system" https://www.foxbusiness.com/money/russia-china-team-up-against-us-dollar-planned-blockchain-payment-system
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This is a very simplistic question. So far Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates.Tgether they comprise about 28% of the global economy. With Iran, Saudi Arabia and UAE as members, Brics countries produce about 44% of the world's crude oil With 30 other countries having applied for membership . the currency used is China's RMB "The Chinese won't even pay the Russians in rubles for their oil, and they are purportedly allies. " why the US pays it's allies in their national currency?
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Yes indeed, Thailand is a Community property country. Me and the wife have been married for close to 16 years, I lose count. I have nothing to worry about, she is honest to a fault. Neither one of us can imagine a life without the other. Yes indeed, I will give it a year to see how all of this pays out. I also have misgivings about the gift thing, Conceivably I can gift my wife a million dollars every two years, she could be a multimillionaire in a few years , I can't believe she would be living in Thailand a multimillionaire and not pay taxes. We go to the US at least once a year, we would just stuff our pockets with the maximum allowable.And start charging everything on my Capitol one credit card that has no foreign transaction fees.
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Only marginal difference. with the main difference that the democrats are not trying to destroy democracy and the constitution. Chicken Don is a sociopath, He is transactional, anything he does there got to be something in it for him. Russia and China is a very complicated situation. to complex to discuss in this thread replies.
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It shows you how little you now about this issue. Yet that does not stop you from having a strong opinion. This whole eastern extension of NATO that cause the Russians to invade. got started 2008 at the Bucharest NATO summit. And yes they are all guilty , Obama, VP Biden who was in charge of the Ukraine portfolio,and none less than Chicken Don, and president Biden. Aside from all the destruction and loss of life, it could prove to be a monumental mistake for the US. The seizure of Russian assets galvanised the non aligned countries to form BRICS and could result in the dollar being displaced as the world's reserve currency.
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I don't have a checking or credit card with them, I should get one but I never got around to it, otherwise I have no problem accessing my account from here. also they are very good with answering the phone and being helpfully. When accessing your account, among the other options , there is an option to verify your identity by phone ,) I have Skype )After they give me the code, I usually keep them on the phone while doing my transaction in case I have a problem finding or doing something.
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So many questions so few answers. This is exactly my complain. IMO it will be a cluster <deleted> the first year. I Realy don't want to go anywhere else , I am settled here, our house has been built 10 years now, and paid for, I have it set up just the way I want it, as many of use have, our car is paid form we pretty much have everything we deed. Who wants to start moving to other countries, learning the systems , starting a new household, getting cars and drivers licences. we will see. I think there might be a new industry of accountants for farangs.
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Very hard to foLlow the Thread , a lot of good information buried under an avalanche of bickering . But it's good to know, though I think this loophole will be closed otherwise it would make this whole tax endeavour moot. Why then wouldn't everyone simply gift the money they transfer to their wife. (assuming of course they are married) I don't see the money anyway.
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20 million is a lot of money for Thailand (more than half a million USD) I cant believe that this is true and per year. Do you have a link to some place where that information is listed. I found something "Gift tax rates in Thailand are structured to favor transfers to direct relatives. For gifts to ascendants, descendants, or spouses, the tax-free threshold is 20 million baht per year to a single recipient, with a tax rate of 5% applied to amounts exceeding this threshold. " https://www.expattaxthailand.com/gift-tax-2024/#:~:text=Gift tax rates in Thailand,to amounts exceeding this threshold.
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I am very well familiar with the DTA Agreement between the US and Thailand, and I have read the pda agreement, but it is written in legalese and unclear as to what applies or how Thailand will implement that Agreement. I have read several Thai brochures and and IMO they are as clear as mud. for Instance my understanding of the DTA. says that Governmental pensions, social security and other pensions are taxed in their country of Origin. They are called non assessable income. Is My Union Pension only taxed in the US? I comfortably live on my SSI income , and save my Union pension. Are these savings assessable . IF your assessable income falls below a certain level I think you dont have to file a tax return. and if my understanding of the DTA is correct since all of the income I transfer to Thailand is non assessable,and I don't have to file a tax return, how do they know that all of my income is non assessable? before 2024 I sold several pieces of property in the US and have a substantial amount of income in CDs and Treasuries. How s that handled ? Is the interest of such non assessable investments taxable in Thailand. can I only transfer an amount equal to my SSI income and subsidise this from Savings earned before 2024 for the rest of my life here. Or are transfers from savings earned before 2024 0nly non taxable when transferred to Thailand for the first Year. or in perpetuity. I will tell you this , aside from my American passport I have a Greek EEU passport.One of the reasons why we moved here instead of Greece it was the same tax complexity and bureaucracy , In my retirement I want easy. Personally I like it much better in Greece, I speak some of the language, most of the people speak english, and then we have the magnificence of the Greek Islands the mainland I that is understated by mosT people, season, some skiing , the food, but I am not sure how my Thai wife will do there. and If I was to pass away, she will have to come back to Thailand or go to the US, i don't think she will stay there on her own. Anyway I will wait to see how this thing works out, for most of us it is probably a tempest in a tea cup. But if they make me jump through too many hurdles I am out of here.
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To all those with the confused emojis'. Obviously it is a Joke. The "I got a lovely pair of coconuts' should had been a clue, which by the way refers to my avatar. Which is also the trending positive meme about Kamala Harris referring to her mom telling her when she was young something like "to listen to you one would think you just fell from a coconut tree"
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Buttigieg Tells Fox Viewers that MAGA Is a Cult
sirineou replied to shdmn's topic in Political Soapbox
Might be smoke and mirrors, but it is the same "smoke ad mirrors" they use in other countries also , and of all these countries the US has the strongest economy. Google it!! -
Buttigieg Tells Fox Viewers that MAGA Is a Cult
sirineou replied to shdmn's topic in Political Soapbox
Not sure what the above sentence means First debt is only one of many metrics that score an economy. But per GDP the US is 9th even behind Japan and Singapore. Here is an interesting fact . The national debt under chicken don increases twice as much as under Biden. "The Trump administration borrowed $8.4 trillion during the former president's time in office, while Biden has borrowed $4.3 trillion, ... " https://thehill.com/business/4736740-trump-biden-fiscal-policy-deficit/ Shocked right? I am sure that someone like you who is so interested in the national debt, will be running and changing party affiliation ASAP -
Buttigieg Tells Fox Viewers that MAGA Is a Cult
sirineou replied to shdmn's topic in Political Soapbox
Google, strongest economy in the world. -
Obama Endorses Harris: A Unified Democratic Front
sirineou replied to Social Media's topic in World News
One can take a screen shot of any video and make it look like anything. Is this all you guys got, if so you are all in a lot of trouble, -
They better get their act together we only have 5 months remaining in the Year I am transfering funds to Thailand that I don't even know how they will taxed, or even if they will be taxed at all. My next door neighbor wants to sell the lot next to our house. I would love to buy it. But I an afraid to transfer the funds, because I don't know how it will be taxed. Once again they are shooting themselves on the foot.
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Buttigieg Tells Fox Viewers that MAGA Is a Cult
sirineou replied to shdmn's topic in Political Soapbox
I watch him on interviews and in hostile venues like fox am he seems like he can hold his own. Who manipulated Bident? No one and I mean no one has more political experience than Biden. This "disaster of administration" has lead this country in to the strongest economy in the world.