Opting out of Social Security

[DainBramaged]

Has anybody here opted out of paying social security? I know of a few people that have but don't have the foggiest idea on how to start. I wonder if I call the SSA if they will tell me.

 

[bunker]

AFAIK it's not legal to 'opt out'.

 

[DainBramaged]

Yes it is. Just don't know how to go about it.

 

[NikPreviousAcct]

Oh that's easy. Just renounce your U.S. citizenship at your local state capitol (or wherever you have to go to do it). Then work here in the U.S. like the sh|tloads of illegals that don't bother becoming citizens. You won't have to pay taxes either!! YAY!

 

[vi edit]

Originally posted by: bunker
AFAIK it's not legal to 'opt out'.

I know that there was a town or community or something down in Texas that "opted" out of social security and set up their own community retirement fund. How they did it is beyond me. I also believe that some government or municipal employees can skip out of SS and pay into a municipal retirement fund.

 

[Ornery]

Our teachers in Ohio don't have to pay into it. Neither do public employees. They have their own retirement system. Now, isn't that special? :disgust:

 

[notfred]

Get your SSN revoked. Have fun getting bank account, or a job, or a loan, though.

And before someone says it: No, you're not required to have a SSN.

 

[FeathersMcGraw]

Unless you're self-employed, I don't see how it's possible to opt out. I certainly don't know of any payroll departments that would be willing to not deduct them.

 

[DainBramaged]

The accountant at work said that there is a way to do it. She didn't know how, but said that she has had to pay people the ss money because they had "opted out" of the system. Once out though, you can't get back in.

 

[NikPreviousAcct]

Originally posted by: notfred
Get your SSN revoked. Have fun getting bank account, or a job, or a loan, though.

And before someone says it: No, you're not required to have a SSN.

Right. You can just steal them like the illegals do here.

 

[DaveSimmons]

state, federal gov employees and some religious organizations are exempt but that's about it. Even self-employed have to pay it as SE taxes.

The accountant at work said that there is a way to do it. She didn't know how, but said that she has had to pay people the ss money because they had "opted out" of the system. Once out though, you can't get back in.

Probably some mail-order minister scam or other fraud that wouldn't stand up to an IRS audit.

 

[dirtboy]

Originally posted by: FeathersMcGraw
Unless you're self-employed, I don't see how it's possible to opt out. I certainly don't know of any payroll departments that would be willing to not deduct them.

Self employed pay double, for themselves and as the employer.

 

[LordRaiden]

Yeah, it's about as legal to opt out of social security and taxes as it is to kill someone in cold blood. Taxes used to be voluntary and if you chose to opt out you could. But the gov has seen fit to change that since then so that you are required to pay regardless if you want to or not. So yes, it is officially illegal to opt out of paying taxes, social security tax, or any federal tax or levy.

 

[Rapidskies]

If you are an ordained minister, you can opt out of social security, kind of like being a conscientious objector. You could get ordained pretty easily, then opt out of social security. That and being a gov. employee are the only ways I know to avoid SS. I don't agree with doing any of this, I think they should fix SS, so people don't have to do stuff like this.

 

[Jesta]

There's got to be some way to do it, as a teacher I haven't paid into SS for the last 5 years.

 

[ElFenix]

Originally posted by: dirtboy

Originally posted by: FeathersMcGraw
Unless you're self-employed, I don't see how it's possible to opt out. I certainly don't know of any payroll departments that would be willing to not deduct them.

Self employed pay double, for themselves and as the employer.

its only double under the legal burden, the economic burden its not double, the employee usually needs the job more than the company needs the employee so the employee is usually pays most of their SS contribution

 

[conjur]

Originally posted by: LordRaiden
Yeah, it's about as legal to opt out of social security and taxes as it is to kill someone in cold blood. Taxes used to be voluntary and if you chose to opt out you could. But the gov has seen fit to change that since then so that you are required to pay regardless if you want to or not. So yes, it is officially illegal to opt out of paying taxes, social security tax, or any federal tax or levy.

Well, you get to deduct half of that back out...forget which form it's on.

 

[IGBT]

Many public employees have as a group..elected to opt out of the book entry called social security...

 

[NogginBoink]

Originally posted by: Jesta
There's got to be some way to do it, as a teacher I haven't paid into SS for the last 5 years.

As someone else said, teachers have a different pension fund that's outside of social security.

 

[SCSIfreek]

Wish I could opt out cause couple weeks ago, I have read a articles stating by the year 2047 Social security money will be all used up. great way to encourage us huh?


--Scsi

 

[TwinkleToes77]

I thought a few years back they passed a law saying that we could opt out of paying social security because of the fact it was guaranteed to us when we needed it anyways. and in return if we do opt out then we arent entitled to it if it is available then.

 

[vi edit]

I WISH I could opt out. That's an additional $6,000+ a year after employers contributions that I'd free up for personal investing.

 

[BatmanNate]

Disgusting, isn't it? You know it won't be there when most of us reach that ripe old age. Textbook pyramid scam to the letter. I don't trust the damn government to invest in providing for myself at a later age, that's my own problem, unfortunately I don't have a choice in the matter.

/hell in handbasket

 

[pulse8]

Originally posted by: FFMCobalt

Originally posted by: notfred
Get your SSN revoked. Have fun getting bank account, or a job, or a loan, though.

And before someone says it: No, you're not required to have a SSN.

Right. You can just steal them like the illegals do here.

Did an illegal immigrant piss in your cereal this morning?

 

[dirtboy]

Originally posted by: ElFenix

Originally posted by: dirtboy

Originally posted by: FeathersMcGraw
Unless you're self-employed, I don't see how it's possible to opt out. I certainly don't know of any payroll departments that would be willing to not deduct them.

Self employed pay double, for themselves and as the employer.

its only double under the legal burden, the economic burden its not double, the employee usually needs the job more than the company needs the employee so the employee is usually pays most of their SS contribution

I'm economically burdened... 16% to SS. Figure 25% Federal and 9.3% state taxes, that means I'm paying 50.3% of my gross, whereas a non-self employed person would be only paying 42.3%. BIG difference in my spending ability.