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Old Today, 06:30 AM
 
106,612 posts, read 108,757,383 times
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Quote:
Originally Posted by springfieldva View Post
That makes sense and would explain why workers are never asked if they want to contribute to it - because it is mandatory.
exactly
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Old Today, 06:45 AM
 
5,975 posts, read 3,715,754 times
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"Who doesn't have to pay into FICA taxes?
Just about everyone contributes to FICA and withholdings. The major exemptions from FICA include:

Civilian federal government employees hired before 1984.
Around 25% of state and local government employees with certain pension plans.
Some on-campus college student employees.
Some workers in the country with certain types of non-immigrant visa status.
"

https://turbotax.intuit.com/tax-tips...know/L8Vjhsiel


.
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Old Today, 07:14 AM
 
Location: SW Florida
14,937 posts, read 12,132,451 times
Reputation: 24793
Quote:
Originally Posted by Upminster-1 View Post
I do appreciate the challenges faced by those with limited incomes. I was very fortunate. Started with nothing, worked my way through college, made some very good choices, etc. My complaint is not with those with financial challenges.

My complaint is with relatively high earners who live beyond their means, bigger and bigger houses, huge mortgages, etc. and then complain they can't retire. We all make choices, some better than others.
I figure if those high earners choose to keep working after they've reached retirement age to support their spending habits, that's their choice. If they are unhappy about working at that time they can do like the rest of us and live within the means they have, and adjust their spending habits so they can retire.

My husband and I certainly were never high earners, we lived within our means, which did not include fancy high priced houses, cars, expensive vacations and the need to indulge in the latest, best, trendy designer anything. Our priorities were to pay our bills, see that the family's needs were met, and to "pay ourselves first", ie, have money taken out of our paychecks to save for retirement over the years.
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Old Today, 07:21 AM
 
7,762 posts, read 3,791,421 times
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Quote:
Originally Posted by mathjak107 View Post

the thought of waiting 8 additional years to first spend more is something i would never consider
Social Security payments are irrelevant to our spending.
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Old Today, 07:24 AM
 
Location: Forests of Maine
37,453 posts, read 61,366,570 times
Reputation: 30397
Quote:
Originally Posted by springfieldva View Post
When you are born, the hospital gives your parents a form to fill out to apply on your behalf for an SSN. That is how the vast majority of us get SSNs.
In the continental US it has become popular for parents to sign up children at birth. In the US territories it has never been popular.

US citizens who were born and raised in US territories rarely enroll in SS.

US citizens born of ex-patriot US citizens in other countries rarely enroll in SS.

For a few years, among my duties at work was the task of helping servicemembers revoke their SS policies due to their beliefs.
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Old Today, 07:34 AM
 
Location: Prepperland
19,020 posts, read 14,193,756 times
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Quote:
Originally Posted by TheShadow View Post
So do you, or did you when working, have SS withheld from your checks? Are you now receiving it?

If it's voluntary, and you dislike the whole idea so much, why are you participating?
I volunteered out in 1992-3. Haven't paid a dime since.
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Old Today, 07:43 AM
 
Location: Prepperland
19,020 posts, read 14,193,756 times
Reputation: 16745
Quote:
Originally Posted by springfieldva View Post
When you are born, the hospital gives your parents a form to fill out to apply on your behalf for an SSN. That is how the vast majority of us get SSNs.
Which raises the question : Why do they need subterfuge to get the sheeple to enroll?
Consider what would happen if - say 50% of participants decide to withdraw consent.
Not only does that crash tax revenues, but a host of powers stem from that consent... like ObamaCare. Non-custodial child support. The list is quite large. In fact, all the "socialist" benefits & obligations stem from being a "contributor" under FICA.
It would collapse the Peoples Democratic Socialist Republics of America. Ditto, for the public debt, losing 150 million "human resources" pledged as collateral. And since "dollar bills" are part of that debt, billionaires become zero-aires overnight.
YUP, things look quite dim for the Powers That Be if the muggles learn the truth.
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Old Today, 07:49 AM
 
Location: Homeless...
1,412 posts, read 749,733 times
Reputation: 3889
Quote:
Originally Posted by jetgraphics View Post
Consider what would happen if - say 50% of participants decide to withdraw consent.
Consider what would happen to those 50% when they couldn't work any longer and weren't prepared for it. Are we ready for old people starving in gutters?
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Old Today, 07:56 AM
 
17,357 posts, read 16,498,076 times
Reputation: 28979
Quote:
Originally Posted by Submariner View Post
In the continental US it has become popular for parents to sign up children at birth. In the US territories it has never been popular.

US citizens who were born and raised in US territories rarely enroll in SS.

US citizens born of ex-patriot US citizens in other countries rarely enroll in SS.

For a few years, among my duties at work was the task of helping servicemembers revoke their SS policies due to their beliefs.
I don't know what percentage of U.S. citizens fall into those categories but I would imagine it is pretty small and they have their own reasons for not enrolling in SS.

I can not imagine that it is commonplace for service members to revoke their SS policies due to their "beliefs". I do not understand why someone would do that.

You are very much talking in exceptions rather than the rule.
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Old Today, 08:12 AM
 
Location: western NY
6,424 posts, read 3,134,333 times
Reputation: 10070
To add to my original post, of several pages back, with regard to "enrolling" for SS. I'm not sure, if my parents got that "form" at my birth, that generated an SS number for me. (it was over 70 years ago) I had a "summer job" at a GM plant in my area, right after I graduated from high school, and the HR department there, required that I provide an SS number. The college I enrolled in, required an SS number....it was my student ID number. The corporation that I spent 37 years at, required an SS number, SO, how does one go through life without it?
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