Bangkok cracks down on smoky buses amid pollution crisis
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1,768
Thai tax tangle: Expats warned of new rules on overseas income
Actually, it appears to be a cop out. For clarity, let's look at the other side of the Por 162 coin: Money cashed out from my IRA, not to exceed the value on 12/31/23, is certainly all pre 2023 income -- the tax deferred earnings used to fund the IRA, plus the annual reinvested capital gains. And, for sure, any post 2023 withdrawals, turned into cash, would NOT be post 2023 earned income, if remitted to Thailand. That it took 15 hours to convert the IRA withdrawal to a bank deposit -- how does that make it so different from a liquid bank account on 12/31/23? Sell my car, bought with pre 2023 income, and send that money to Thailand post 2023. No remitted income here (and, as a non collector's item, no cap gain). Samo samo golf clubs, household furniture, boat, blah blah. Stock mutual funds held by Schwab. All cap gains/dividends have either been reinvested or paid to me. In either case, the value of this mutual fund on 12/31/23 represents all pre 2023 income. Sell enough to represent 12/31/23 value and remit to Thailand -- no post 2023 income here. That some advisors are saying "only cash in the bank only qualifies as pre-2024 income" -- doesn't cut it, when contrasted to the other side of the Por 162 coin, namely: Only post 2023 earnings are subject to Thai income tax, if remitted. All those cash-outs I've mentioned hardly qualify as "post 2023 earnings." (assuming you didn't exceed their 12/31/23 value). -
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Promises made Promises kept , POTUS first few days! The lefts radical response!
Or just not put tariffs on oil. -
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Minimum required to live comfortably at a young retirement age
No. I'm talking about the "have to go to Bangkok" comment regarding Tbone steak and blue cheese sauce. -
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How do I pay my electricity bill online?
Set up a direct debit, which is a pain to do, then forget it. I did this 20 years ago and haven't given it a thought since. -
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Trump slammed over ‘shameful’ decision to revoke top general’s security
Your support of traitorous General Milley is to be well expected -
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