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Craig *******
This is a summary of
Craig *******
's contributions to the platform. They have posed 14 questions and added 370 comments.

QUESTIONS

COMMENTS

Craig ********
3 years of taxes is the simplest part of citizenship. It's extremely unlikely you will become a Thai citizen unless you have something specific to contribute, special skills, a powerful resume full of important accomplishments. A deep understanding of the Thai language and culture.

In the very best case it takes 10 years, but most never make it.
Craig ********
It doesn't matter if you get paid or not, it's still considered work and if you do not have a work permit you face arrest, detention, and deportation.
Craig ********
@Us ****
Thai people better figure out Bitcoin fast.
Craig ********
@Us ****
yes stronger thb means exports more expensive and imports less expensive. Good for some, bad for others, depends on what kind of business you are in. In general the Thai economy is doing fine.

As far as the THB giveaway, it's not necessary at all. The economy does not need it, and in fact it's going to be very bad for the economy as it will drive inflation.

I don't think the giveaway has anything to do with the economy I think it's the implementation of a CBDC, disguised as a stimulus package.
Craig ********
@Us ****
The Thai economy is in pretty good shape actually. And although a strong THB decreases demand for local real estate and Thai exports, it makes imports cheaper and is good for people who earn their money in THB either through work in Thailand or through owning businesses that sell goods and services in THB.
Craig ********
it's not a fake ticket, it's a ticket that can be canceled and refunded.
Craig ********
@Ray ****
sounds like you need to consult with a thai tax attorney if you want more accurate and detailed information. I was simply helping people understand how often their Thai tax liability will be higher than their Western liability creating a net liability to Thailand
Craig ********
@Ray ****
so if you do the calculation on $50,000 of annual income the tax rate in the United States would be 12.5% in the tax rates in Thailand would be 16.5%. so you would owe 4% to the government of Thailand which is the net difference. Makes sense?
Craig ********
@Ray ****
the top rate in Thailand is 35%, but the real problem for people is that the brackets are much lower so you'll have a higher percentage rate for a given amount of income. Look at the table demonstrated above and convert the Thai baht into US dollars and then look how quickly you get to a 20% tax rate