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About JimGant

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  1. Right. Just be prepared to explain the concept of "mIa noi" to the tax auditor.
  2. Weirdly, yes. For some reason, if you're filing MFS -- and you lived with your wife at any time during they year -- 85% of your Social Security benefits are subject to tax. Now, if all your gross income, to now include 85% of your Social Security, is less than your standard deduction ($12400 in 2020), no harm, no foul. Otherwise, you need to assess the value of getting the wife an ITIN and filing Married Filing Jointly.
  3. Why wouldn't you want to file jointly? I guess if your wife was pulling in big bucks, er bahts, that exceeded $12,400 (her half of the standard deduction for 2020 married filing jointly), then, yes, your overall tax liability would increase. But if she's a housewife with little or no income, getting her an ITIN makes complete sense (unless your gross income is less than $12,400, in which case her deduction doesn't make any difference in your tax liability). But say she does make $10,000 per year, and pays Thai taxes on it. And your gross income is over $24,800: You still get an additional $2,4
  4. Indeed. This study was short in explanation, but obviously the $389,835 figure included present value of pensions, annuities, and social security payments. How could it not, as there are many pensioners with zip in the bank ('cause, maybe they just bought an immediate pay annuity) but whose income stream in the next 14 years has a present value well to match (or beat) the $389k benchmark. And if these pensions are indexed for inflation -- well, just more attractive numbers. No, whoever did this study should have provided more explanation. But, as a comparison of how retirement countries stack
  5. Don't forget that Immigration offices -- at least as shown by Phuket -- can mitigate the OA insurance requirement by grandfathering those with extensions emanating from OA visas issued pre-2018: I assume this is still in effect for Phuket extensions based on OA visas.... And why no other immigration office has done the same thing is maddening - is there some gravy splattering from TGIA over to Immigration? And, if you happen to not be grandfathered, and are too old to get insurance, why, Phuket is your friend: Really surprised we haven't seen more discussion on this
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