People who have jobs that do/did not pay into social security-retirement is affected adversely? Single? How can we live? (move, 2009)

[texdav]

That is the figurse taken diirectly from congressional testimony given by the IRS.You have to remmebr that just from return s alone does not count the number of peoplke not poaying taxes. There is a huge nmber that do not file including people that have no deductions on payroll and not eligiable for unearn income credit or people on social security only.

[snkalaska]

I retired from the State of Alaska 4 yrs ago and also won't get SS.
Last year I spent the winter in Texas. I bought an older trailer on 1/3 acre in the city of Dublin for $15,000. It was liveable but I put a couple thousand in to get it a little better. There are much nicer places that you can get for $50,000. Utilities and taxes are reasonable. Food, gas and general cost of living is low.
This is south of Fort Worth and it's too windy for my liking so am going to look south and east for less windy areas.

[MadManofBethesda]

Originally Posted by forest beekeeper

Americans who do not pay income taxes are not only low income singles and heads of households; but also some professions, single income families, and retirees.

What professions are exempt from paying federal income tax?

[forest beekeeper]

Originally Posted by madmanofbethesda

what professions are exempt from paying federal income tax?

dm.

[janetvj]

Originally Posted by forest beekeeper

dm.

Not to sound stupid, but what is this?

[akck]

Originally Posted by loveautumn

If you didn't pay into SS, didn't you pay into a 403(b) or whatever it is...and I thought city, state workers got a very high percentage of their pay as retirement?

I'm sure every state is different, but in general, you get a percentage of average of several high years of your salary for every year you work. For example, if you worked 20 years, you might get 45% of your average calculated salary. I'm not certain about this, but many states also have a supplemental benefits system with similar contributions to SS, so retirees also have this available. It's not unusual for a retiree to make more money in retirement than while working (net, not gross).

[nancy thereader]

New York state workers both pay into and receive social security as well as their own state pension systems. I wasn't aware that other states were any different.

[forest beekeeper]

Originally Posted by janetvj

Not to sound stupid, but what is this?

'DM' was meant to say:

"I will private message you" or as it is called on this forum 'Direct Message'.

It seemed to me that a discussion of who and why someone is proclaimed 'tax-exempt' would be off-topic.

[forest beekeeper]

Originally Posted by akck

I'm sure every state is different, but in general, you get a percentage of average of several high years of your salary for every year you work. For example, if you worked 20 years, you might get 45% of your average calculated salary. I'm not certain about this, but many states also have a supplemental benefits system with similar contributions to SS, so retirees also have this available. It's not unusual for a retiree to make more money in retirement than while working (net, not gross).

Yes in Ct they use the last 3-years of your take-home pay.

I have a Federal pension and they use the last 3-years of my 'base-pay' [rather than my take-home pay]. My base-pay was a third of my entire normal paycheck when I was working full time.

Sometimes it is called 'High 3".

[Teak]

Originally Posted by IrishTiltedKilt

I would love to hear from anyone who has worked for a state, county, city agency that has not paid into Social Security, and has very little retirement that will come in.

I retired at 55 to take care of my Mom, and now I am having to live on $1250. a month. I don't have enough units maxed out on my Social Security, so unless I do this, I will not receive any S.S. at all. If I max out the units, I will receive some, but am subject to the Windfall Act, which penalizes you for not paying into S.S. Therefore, I am told I will receive half or less of the amount I would get from S.S. because of this.

I am ignorant on this issue of units for SS. Can you explain a little bit, please?