samak Posted October 17, 2006 Report Share Posted October 17, 2006 orangutan any details on that? Link to comment Share on other sites More sharing options...
Orangutan Posted October 18, 2006 Report Share Posted October 18, 2006 samak, Disability payments from the armed forces would be one. -OT Link to comment Share on other sites More sharing options...
cavanami Posted October 18, 2006 Report Share Posted October 18, 2006 so when you are in LOS on retirement visa you do not have to pay tax???even you have any income? beware guys! If the income was not earned in LOS, then there is no tax due. Retirement income; penions, social security these are not derived from in LOS, so no tax. Link to comment Share on other sites More sharing options...
samak Posted October 23, 2006 Report Share Posted October 23, 2006 Cavanami are you sure about that? i always thought that if you live more than 180 days in thailand, you have to pay tax on all your income, whether earned in LOS or not. any tax expert among the board members or did we have any earlier thread where this was discussed as i would be very interested to get a bit more details and clarification. Link to comment Share on other sites More sharing options...
cardinalblue Posted October 24, 2006 Report Share Posted October 24, 2006 I just don't see how if you declare income not made in thailand eligible to pay tax on... You should only have to be paying income one time whether that is in your country (income made) or the host country (if made there) One would have to see if LOS has nontaxable instruments like the west. This should help steer one to invest.... If one's point is tax evasion, i would think LOS is a lot easier to accomplish than in one's home country... CB Link to comment Share on other sites More sharing options...
exit2dos Posted October 24, 2006 Report Share Posted October 24, 2006 I wonder if you paid some income tax in the Kingdom, with an OA visa, lived in Thai 6 months, if that would entitle you to not pay State Tax, on your investment income and pension, in the states. Link to comment Share on other sites More sharing options...
ThaiHome Posted October 24, 2006 Report Share Posted October 24, 2006 State tax is a problem. The only solution is to cut all ties and establish residence in a non-income tax state. There are a number of mail forwarding outfits based in Texas and Florida that can give you a non-post office box looking address to use. Helps if after you have established the address, you stop by and get a drivers license. You only have to do this once, since both states allow renew by mail. Donâ??t ever renew a driverâ??s license in a income tax collecting state you are claiming non-residence in. They donâ??t buy it. TH Link to comment Share on other sites More sharing options...
cavanami Posted October 24, 2006 Report Share Posted October 24, 2006 You must be out of the USA for a minimum of 330 days in a 365 day, consecutive period, to get the non-tax. Miss it by one day and you will pay IRS. Does not have to start on 01 Jan and they do a percentage to split the deduction between years. Texas, Florida, Tenn, Wa (state) all (at one time) did not have a state income tax. Link to comment Share on other sites More sharing options...
cardinalblue Posted October 24, 2006 Report Share Posted October 24, 2006 I file every year in Calif as a non-resident living abroad (in thailand) and i had no problem obtaining a renewal of my CA driver's license by internet/mail.... CB Link to comment Share on other sites More sharing options...
exit2dos Posted October 24, 2006 Report Share Posted October 24, 2006 You must be out of the USA for a minimum of 330 days in a 365 day, consecutive period, to get the non-tax. Miss it by one day and you will pay IRS.Does not have to start on 01 Jan and they do a percentage to split the deduction between years. Texas, Florida, Tenn, Wa (state) all (at one time) did not have a state income tax. Texas, Florida, Nevada amd Alaska have no state income tax. Maybe there's a loophole in my state [NY] I could take advantage of, I'll look into that. I wasn't even thinking about Federal tax. But, what you say is very interesting and I've never seen it spelled out like that. So, if you are out of country for 330 days, there is no income tax on social security, pensions, dividends, interest, etc, which is deposited in you USA bank account? I guess you have to file the 1040. That's a good thing to know, there may be a time when I would do that. Link to comment Share on other sites More sharing options...
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