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Old 10-13-2012, 06:47 PM
 
Location: Pinal County, Arizona
25,100 posts, read 39,276,353 times
Reputation: 4937

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Quote:
Originally Posted by Bagger View Post
How did you do it?
I did a search and found a couple of articles that made it sound like only certain folks could opt out. People like:

Clergy
Federal employees
Workers in some states

Other than that, this article says "However, that's it. If you're self-employed or work for a private company, you must pay into Social Security, Copeland says."
Yes - the answer is in what you provided. I'm just not going to tell you how to do it.
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Old 10-14-2012, 01:57 PM
 
56,988 posts, read 35,227,522 times
Reputation: 18824
Quote:
Originally Posted by monkeywrenching View Post
actually you can. if you have a TIN instead of a SSN, you still pay the social security TAX, but you just dont get to get it when you get to retiring age.

also another way to never pay the TAX nor ever get the payments is to never get a social security number. I know more than just a couple of people that do not have a goverment id number. my daughters all dont have any socialized security numbers.
Hmmm......why does this come off as dubious?

I've had to produce a SSN hundreds of times in my life. I couldnt work in my present job without a SSN.

And how will your children collect your benefits if you die if they don't have a SSN?
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Old 10-14-2012, 09:01 PM
 
Location: Pinal County, Arizona
25,100 posts, read 39,276,353 times
Reputation: 4937
Quote:
Originally Posted by desertdetroiter View Post
And how will your children collect your benefits if you die if they don't have a SSN?

They can't.

Then again, you cannot will any social security benefits anyway.
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Old 10-15-2012, 05:49 AM
 
Location: The Republic of Texas
78,863 posts, read 46,663,022 times
Reputation: 18521
Quote:
Originally Posted by skoro View Post
If Bush had his way back in 2005, there'd be no social security today. It would have disappeared into the Wall St ledgers in September of 2008.


Why didn't that happen to the city employees, of Galveston TX?
They opted out of SS a long time ago. They felt no effect of the financial collapse.

At retirement, they get 5 times what SS pays.

My dad has a ROTH IRA that is pulling 7.5% - 10%, and unaffected by the hiccup.
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Old 10-15-2012, 06:06 AM
 
Location: Londonderry, NH
41,479 posts, read 59,811,485 times
Reputation: 24863
I think privatizing SS is a great idea. I have a nephew that will show me some inside deals and I will make a fortune selling short when the overblown market collapses.
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Old 10-15-2012, 06:32 AM
 
Location: Unperson Everyman Land
38,644 posts, read 26,398,078 times
Reputation: 12656
Quote:
Originally Posted by skoro View Post
If Bush had his way back in 2005, there'd be no social security today. It would have disappeared into the Wall St ledgers in September of 2008.

As though So-So insecurity exists today in any form except dusty IOU notes.

Apparently you haven't been reading the post of your fellow liberals who have been crowing lately about raising stock prices (thanks to Obama of course).

As long as we don't put money in brain dead feel-good investments like Solyndra and diversify, in the end, we'll be far better off than betting the farm on the next generation being able to pay off our accumulated debt and our entitlements.

Personally, I think paying for our retirement is a lot to ask of people we just robbed by running up the debt in their name.

Last edited by momonkey; 10-15-2012 at 06:42 AM..
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Old 10-15-2012, 07:20 AM
 
Location: The Republic of Texas
78,863 posts, read 46,663,022 times
Reputation: 18521
Quote:
Originally Posted by obispoman50 View Post
Are you a clergy member or public employee since that is the only way out of social security?


I don't pay SS. I will get nothing from SS when I turn 70.
Self employed are not forced in anyway to pay. There is no penalty if you don't.

I have other investments that are 5x's what I would get from SS.
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Old 10-15-2012, 10:12 AM
 
8,633 posts, read 9,144,630 times
Reputation: 5991
Quote:
Originally Posted by BentBow View Post
I don't pay SS. I will get nothing from SS when I turn 70.
Self employed are not forced in anyway to pay. There is no penalty if you don't.

I have other investments that are 5x's what I would get from SS.
You'll need that 5X to pay for your health care when you're 70.
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Old 10-15-2012, 06:11 PM
 
Location: Pinal County, Arizona
25,100 posts, read 39,276,353 times
Reputation: 4937
Quote:
Originally Posted by jmking View Post
You'll need that 5X to pay for your health care when you're 70.
Actually, that is not necessarily so. I'm paying my own insurance and the rate is only a little higher than when I was 60.
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Old 10-16-2012, 08:07 AM
 
Location: Pinal County, Arizona
25,100 posts, read 39,276,353 times
Reputation: 4937
Quote:
Originally Posted by obispoman50 View Post
I think you are bsing us on dropping out of SS since your link only says who can opt out. You say the answer is in the article but you won't say what. Either put up or shut up.
I'm not "BSing" you. I have NOT paid into SS for 4 decades. The issue is however complex and a forum such as this is not the place to look at the individual situation.

Again, if you are interested, contact a COMPETENT LEGAL / TAX advisor

OBTW - If you think I'm "BSing" you; its no skin off my butt - I know what I know and there are others here on CD Forums who have done exactly what I have done.
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