Do you pay into SS? (wages, how much, dollars, retirement) - Politics and Other Controversies -Democrats, Republicans, Libertarians, Conservatives, Liberals, Third Parties, Left-Wing, Right-Wing, Congress, President - Page 3 - City-Data Forum

Greatday · 10-23-2010, 10:50 AM

Quote:

Originally Posted by BigJon3475

I believe you would have had to forgo getting them their SS number.

I do not have a SSN

I do however have a TIN

mb1547 · 10-23-2010, 11:02 AM

I pay in. My DH is a pretty saavy investor, but if we would have had everything in the market a few years ago we'd be in big trouble. We're still working to replace what went under water with the kid's college money. Privatizing SSI is a very bad plan. Pay in your SSI, and then live within or below your means so you can invest big chunks of cash elsewhere.

pvande55 · 10-23-2010, 11:34 AM

There are few legal loopholes. If you live off interest and dividends, you don't have to pay. If you work for certain government agencies, not the Feds, you are under a different plan. There are a number who work off the books and pay no taxes. If they do it all their lives they could regret it when they finally try to retire.

Crossfire600 · 10-23-2010, 11:37 AM

Quote:

Originally Posted by Pandamonium

Yes, I do pay SS.

And I am adamantly opposed to "financial advisers" that are literally drooling over the opportunity to get a hold of that cash.

That's the problem.. There is NO CASH... It's all IUO's and paper...

Pandamonium · 10-23-2010, 11:52 AM

Quote:

Originally Posted by Crossfire600

That's the problem.. There is NO CASH... It's all IUO's and paper...

Yep.

I pay into a fund, that I have made no doubts that I do not want invested. My "fund" ranks 2nd in the nation. It comes out of my check. I miss it.

I don't miss that they took it out. I miss the security of not being allowed to not invest it. That pisses me off. Big time.

It is like watching a bunch of little dogs lap at a bowl of water. Or, if your from the islands, it is like watching all the cute fish turn into piranha with a hotdog.

pvande55 · 10-23-2010, 11:53 AM

Quote:

Originally Posted by Pandamonium

Yes, I do pay SS.

And I am adamantly opposed to "financial advisers" that are literally drooling over the opportunity to get a hold of that cash.

Remember, the requirements for owning a dog are stiffer than those required to be a financial adviser. The dog has to be licensed and have shots.

Pandamonium · 10-23-2010, 11:56 AM

That they are.

bongo · 10-23-2010, 11:59 AM

Quote:

Originally Posted by Memphis1979

I believe that if you work, you pay in.

No.... some of us are state government workers or teachers with our own state pensions and do not pay in to SS.

roysoldboy · 10-23-2010, 12:03 PM

Quote:

Originally Posted by BentBow

All this talk about Social Security, but I have to ask, Who doesn't pay any SS?

Are you given the option to use that money to invest as you see, for better returns?

Being self employed, I have the option to pay, or not. I'm not penalized if I don't. It is not part of my income taxes.

Not part of your income taxes? Why sure it is. The money is put in the general fund and spent just like it was. Yeah, they keep track of SS money coming in but go ahead and spend it and that is the reason the "fund" is in the hole right now.

Yep, I pay into SS even though I have been collecting for over 12 years. I still have a tiny job so I get money withheld to pay my share.

roysoldboy · 10-23-2010, 12:05 PM

Quote:

Originally Posted by parfleche

isnt scedule SE selfemployment tax on your 1040 for that ?

It was when I was self-employed and I didn't know any different. I guess I should get after my tax preparer for not telling me about that.