General Info

[QUOTE=Rodeo9112;2098728]I don't believe that is correct, but I can't cite the source where I was reading about the income tax laws. I do remember that the US is one of very few countries that tax worldwide income, and I don't remember anything anywhere near Colombia being on that list. Given that I am retired and don't generate income, that doesn't really concern me too much.[/QUOTE][URL]http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Colombia-Individual-Taxes-on-personal-income[/URL] Per this article, Colombian fiscal residents are taxed on worldwide income.

I don't know if they have any deductions or exemptions, but it doesn't take long to reach the 28% tax bracket which I calculate to be around $18000 USD. Social Security income might even be taxable.

See Wiki [URL]https://en.wikipedia.org/wiki/Taxation_in_Colombia[/URL].

The US & Colombia have now signed an agreement to share information to catch tax evaders.

Update edit: This link shows the taxation of all countries. Colombian taxes all income for residents. Interestingly, it looks like Central American countries only tax local income, but South American countries tax worldwide income. https://en.wikipedia.org/wiki/International_taxation

[QUOTE=Rodeo9112;2098728]I don't believe that is correct, but I can't cite the source where I was reading about the income tax laws. I do remember that the US is one of very few countries that tax worldwide income, and I don't remember anything anywhere near Colombia being on that list. Given that I am retired and don't generate income, that doesn't really concern me too much.[/QUOTE]Here are few links to read more about it.

[URL]https://medellinliving.com/filing-colombia-income-taxes/[/URL]

[URL]http://www.bkr.com/~bkr/bkr-article.php?The-U.S.-and-Colombia-Tax-Information-Exchange-Agreement-648[/URL]

[QUOTE=Sun08;2098753]Here are few links to read more about it.

[URL]https://medellinliving.com/filing-colombia-income-taxes/[/URL]

[URL]http://www.bkr.com/~bkr/bkr-article.php?The-U.S.-and-Colombia-Tax-Information-Exchange-Agreement-648[/URL][/QUOTE]Definitely looks like social security income is taxable and for most people, that income alone would trigger the filing requirement.

[QUOTE=Dccpa;2098965]Definitely looks like social security income is taxable and for most people, that income alone would trigger the filing requirement.[/QUOTE]Wouldn't the Colombian taxes be deductible against US income taxes? For example, I own foreign stocks. I am able to deduct foreign taxes on foreign dividends for the stocks that are not in a retirement account.

Another point. If you are from a state with a high income tax like California you would no longer have to pay those taxes if you establish residency in Colombia.

[QUOTE=BigBossMan;2099004]Wouldn't the Colombian taxes be deductible against US income taxes? For example, I own foreign stocks. I am able to deduct foreign taxes on foreign dividends for the stocks that are not in a retirement account.

Another point. If you are from a state with a high income tax like California you would no longer have to pay those taxes if you establish residency in Colombia.[/QUOTE]My job is lowering my customers' taxes. For someone like me, who is able to legally game the system, two separate systems of taxation makes coming up with a low tax plan very difficult, if not impossible. You would not have double taxation, but you would end up paying the higher of the two taxes. In addition, it looked like Colombia has an asset tax too. If I decide on Colombia for a permanent move, I will look into the issue more.

You can avoid California taxes simply by establishing residence in a state without income taxes like Nevada, Texas, Florida, etc. Then, no matter where you live in the world, you won't have US state taxation. None of my clients have permanently moved out of the US, so I would defer to someone else on whether showing a residence outside of the US would avoid state taxation. Keep in mind that Colombia has a 19%VAT. That VAT may equal your combined rate of CA income and sales taxes.

A word to the wise on California and most states. Be sure to show you are moving out of state on the last CA return that you file. Otherwise, CA will assume that you are just temporarily living outside the state and will tax you on your income. For example, I had a client move back to my state after three years of living in Texas. My state tried to tax him on those three years living in Texas. The state's position was that my client's failure to get a Texas driver license showed his intent to return to our state. We won, but not without a fight. When the state coffers get low, the state agents often ignore the law to make findings that increase citizen taxes.

[QUOTE=Dccpa;2099293]None of my clients have permanently moved out of the US, so I would defer to someone else on whether showing a residence outside of the US would avoid state taxation.[/QUOTE]The answer is NO. The relevant concept is 'nexus. ' Every US citizen is a resident of one of the 55 states, territories, or DC. So anyone moving out of the US would continue to be a resident of the last one of these 55 districts in which they lived, unless they break their 'nexus' or connections to the former state. I did the following things when I arrived in No Tax State. I rented a hotel for 28 consecutive days to meet the residency requirement for a driver's license (cheapest way to do it is a campground). I then registered my motorcycle in that state, registered to vote, got a library card, got health insurance, and wrote out a new will. Then I left!

States vary greatly as to the extent they will try to come after you, but CA will, for sure. Residency is based on 'all facts and circumstances' but the absolute #1 thing they will look at is voter registration.

[QUOTE=Dickhead;2099392]The answer is NO. The relevant concept is 'nexus. ' Every US citizen is a resident of one of the 55 states, territories, or DC. So anyone moving out of the US would continue to be a resident of the last one of these 55 districts in which they lived, unless they break their 'nexus' or connections to the former state. I did the following things when I arrived in No Tax State. I rented a hotel for 28 consecutive days to meet the residency requirement for a driver's license (cheapest way to do it is a campground). I then registered my motorcycle in that state, registered to vote, got a library card, got health insurance, and wrote out a new will. Then I left!

States vary greatly as to the extent they will try to come after you, but CA will, for sure. Residency is based on 'all facts and circumstances' but the absolute #1 thing they will look at is voter registration.[/QUOTE]

Thanks DH. I figured you would know the answer. I was thinking you would have to be a resident of some state / territory, but I hadn't looked at the issue and didn't want to give advise based upon an assumption. States are sharing more information now. One of my clients had his local driver's license suspended because of a DUI from 40 years ago. He doesn't remember even being in that state. They have no record of the arrest, just a notation somewhere with his name and driver's license number. No chance to fight the charge and he is having to go to AA meetings and undergo drug testing. Why did this issue come up after 40 years? The DUI state updated their database and the information was shared with our state. Big Brother is alive and well in the USA.

[QUOTE=MartyMongerer;2098720]I'm looking for any ladies in Medellin that specialize in squirting. Do any of you know of any?

Thanks![/QUOTE]I would look on Milerotics or other websites and see if they post that they are squirters.

[QUOTE=Jbj64;2099785]I would look on Milerotics or other websites and see if they post that they are squirters.[/QUOTE]Yes I see that in the descriptions, but anything to boons client I'm sure! I'm looking for referrals from those who've been with one.

Thanks.

[QUOTE=MartyMongerer;2100252]Yes I see that in the descriptions, but anything to boons client I'm sure! I'm looking for referrals from those who've been with one.

Thanks.[/QUOTE]Does anyone know of a website that reviews providers in Colombia specifically in Cali? Thanks.

Hey guys,

I've been hanging out in Pattaya for the past 4 years and I'm looking for a change. I'm traveling to Medellin for the first time from Nov. 28th to Dec. 5th. Short trip to just see what it's like. My Spanish is not good at all but hell my Thai wasn't either but its good now. I have some questions that I was hoping to get answered.

Airbnb or hotel (that don't mind Chicas and any recommendations please).

Best area to stay in that's close to the action.

Best place to get pesos with the best exchange rate.

Will my phone work there? US ATT. If not what would you suggest.

Gringo hangouts? Looking to possibly meet some people and maybe tag along a little. Bar crawls?

I have more questions but I can research them. Don't want to bore you guys to much LOL. Thanks in advance for any help and Pm me if your going to be in Medellin on those dates. I'll buy ya beer. I'm super chill and just looking to meet some good people and have fun.

[QUOTE=MartyMongerer;2098720]I'm looking for any ladies in Medellin that specialize in squirting. Do any of you know of any?

Thanks![/QUOTE]Well I don't know if she specializes in squirting, but I do know she will leave a puddle. Send me a message when you're in town and I'll try to introduce you.

Today is election day to select the Liberal Party candidate for next year's presidential election. No alcohol can be sold between 6 am Sunday and 6 am Monday. The polls closed at 4 pm Sunday. The reason behind the ban on sales is to keep elections orderly. Sort of weird why sales would be banned for 14 after after voting stopped in order to keep the election orderly.

The pharmacy on the corner of calle 10 and cra 40 near Parque Lleras, across from Mondongos restaurant, has always been a good place to buy generic sildenafil. On Tuesday's and Thursday's, they have 10% discount on everything. Today I found out they have an even more discount if I buy five boxes, but it is only on five or multiples of five. I bought 8 boxes today (4 50 MG each box). Five boxes were 4,873.32 each, and three boxes were 5,917.60 each. In the past, I usually bought four boxes. The woman pharmacist never told me about the discount for buying five. So I have paid more for four boxes than what I could have paid for five boxes. I always buy the Genfar brand.

Is it less expensive to buy the cell phone once I get to Colombia or buy in the US? I will be staying for almost 2 months. I don't need a super fancy phone, google maps, whatsapps, Uber and a few other apps.