Thai Police Bust Multi-Million Baht Sex Toy Smuggling Ring

[blue manc]

1 hour ago, timendres said:

It is what we call an "empty promise", since the US and Thailand have a DTA.

For ten years, I never paid a dime in US taxes on income earned in Thailand.

I am sure there are some who would benefit, but the number would be small.

I thought the DTA rules were that you don't pay tax on earnings that have already been taxed by the US>

Surely this means that if you are not paying tax in US, then the income stream becomes taxable ?
 

[Thingamabob]

4 hours ago, Celsius said:

 

Indian, black or caucasian?

Ethic ?

[Chomper Higgot]

1 hour ago, Cameroni said:

 

The debt is a non-issue according to a large number of economists.

Increasing the debt to invest in infrastructure (Capital expenditure) makes sound economic sense.

 

Increasing the debt to cut taxes does not.

[proton]

10 hours ago, Chomper Higgot said:

He also promised to build a wall.

 

 

 

He would have finished it if not for congress dragging their feet releasing the funds. Luckily he will be able to start work on it again next year and stop illegals just walking in.

[Chomper Higgot]

It’s a very odd election promise to be making in the last month of the campaign.

 

It doesn’t bring in any votes from the expat voters who have already submitted their vote and it’s too late, in many states, to encourage expat citizens who have not already applied for their absentee ballot.

 

What’s even odder is, postal voting has been the subject of long standing attacks from Trump and not a means of voting favored by his citizen supporters.

 

Moreover, expat U.S. Citizens already enjoy a generous fixed amount tax allowance and there is lies a clue to why Trump might think this a good idea.

 

A zero tax rate for expatriate Americans would be a huge gift to those hyper wealthy Americans living overseas.

 

 

 

 

[Chomper Higgot]

10 minutes ago, proton said:

 

He would have finished it if not for congress dragging their feet releasing the funds. Luckily he will be able to start work on it again next year and stop illegals just walking in.

 

It’s always somebody else’s fault and of course, hope springs eternal.

 

As I have said many times, Trump would have been better focusing on Prison reform.

[Cameroni]

12 minutes ago, Chomper Higgot said:

Increasing the debt to invest in infrastructure (Capital expenditure) makes sound economic sense.

 

Increasing the debt to cut taxes does not.

 

What really matters about taxes and spending is "who" pays for them and who receives them.

 

"The near unanimity in public discourse about the evil of deficits might seem to suggest that economists are similarly unanimous. In fact, however, they disagree fundamentally about whether deficits matter, and, if so, then why."

 

The main distinction is that the federal government, with its power to raise taxes and print money, faces less default risk than would a household that regularly spent more than it took in. In addition, our debt is mainly internal: owed by American taxpayers to American bondholders (two groups that overlap).

https://press.uchicago.edu/Misc/Chicago/751120.html

 

There is, fundamentally, no economic issue with the US deficit, that we know of currently. The US is fantastically wealthy, more wealthy than God. The US could pass a tax and wipe out the deficit in a short time.

 

The US deficit only matters in terms of who pays for it, ie future generations, to enable current generations to spend. It has political significance, but in economic terms we do not know if it has any. We do not know for instance what savings rate is appropriate. Is deferring spending for consumption in the future desirable? These are questions we cannot answer.