skinsaddict Posted October 20, 2008 Share Posted October 20, 2008 just sayin - it appears I need to make over a certain amount per year to opt out (or not be taxed on it, but then I wouldnt get any SS). I, for one, will never ask for that money, and I look at my retirement as my responsibility. so whats the deal? is there a form I can sign or something? Link to comment Share on other sites More sharing options...
brandymac27 Posted October 20, 2008 Share Posted October 20, 2008 According to this you can't opt out: http://ssa-custhelp.ssa.gov/cgi-bin/ssa.cfg/php/enduser/std_adp.php?p_faqid=435&p_created=974129735&p_sid=S-iYjaJi&p_accessibility=0&p_redirect=&p_lva=&p_sp=cF9zcmNoPTEmcF9zb3J0X2J5PSZwX2dyaWRzb3J0PSZwX3Jvd19jbnQ9MjMsMjMmcF9wcm9kcz0mcF9jYXRzPTMsMSZwX3B2PSZwX2N2PTIuMSZwX3NlYXJjaF90eXBlPWFuc3dlcnMuc2VhcmNoX25sJnBfcGFnZT0x&p_li=&p_topview=1 Link to comment Share on other sites More sharing options...
BigMike619 Posted October 20, 2008 Share Posted October 20, 2008 this is Amurrica son.. Link to comment Share on other sites More sharing options...
twa Posted October 20, 2008 Share Posted October 20, 2008 Cause you have to support me in my old age within the pyramid scheme. Dang irresponsible youngsters. Where do you get the idea you can opt out anyway? Link to comment Share on other sites More sharing options...
MurrayH81 Posted October 20, 2008 Share Posted October 20, 2008 Two ways: 1. You can hide so far out in the sticks, and not make any money or file taxes. 2. You can give up your US citizenship and move to a different country. Link to comment Share on other sites More sharing options...
Prosperity Posted October 20, 2008 Share Posted October 20, 2008 because old people don't want to work until they die like the good old days Link to comment Share on other sites More sharing options...
Monte51Coleman Posted October 20, 2008 Share Posted October 20, 2008 To save you from starting a 'Why the hell did I opt out of social security' thread 40 years from now. Link to comment Share on other sites More sharing options...
GSF Posted October 20, 2008 Share Posted October 20, 2008 To save you from starting a 'Why the hell did I opt out of social security' thread 40 years from now. Seriously. You just might need that money some day. Link to comment Share on other sites More sharing options...
SkinsHokieFan Posted October 20, 2008 Share Posted October 20, 2008 Because the older retiring generation is entitled to our money Link to comment Share on other sites More sharing options...
JohnLockesGhost Posted October 20, 2008 Share Posted October 20, 2008 What the heck do you think this is, a free country? Link to comment Share on other sites More sharing options...
Redskins Diehard Posted October 20, 2008 Share Posted October 20, 2008 Seriously. You just might need that money some day. You better not need that money some day because it won't be there Link to comment Share on other sites More sharing options...
Mark The Homer Posted October 20, 2008 Share Posted October 20, 2008 If you can figure out a way to opt out, let me know. Link to comment Share on other sites More sharing options...
Metalhead Posted October 20, 2008 Share Posted October 20, 2008 Hmm, get out of the country? The money won't be there anyways. Right now old people don't want to work until they die, so they're making us work forever. Talk about selfish, lol. Link to comment Share on other sites More sharing options...
skinsaddict Posted October 21, 2008 Author Share Posted October 21, 2008 exactly the point. I look at the people social security is suppose to help now and in future generations and realize - if I dont take care of myself and my family, there is going to be nothing left for me. this IS america, so you should be able to opt out. I mean, that is 6.5% I could really use these days. and :laugh: at anyone who is counting on social security in 40 years. Link to comment Share on other sites More sharing options...
twa Posted October 21, 2008 Share Posted October 21, 2008 You could be self employed and paying 15%. Only 14 more yrs...damn I'm getting old:rubeyes: Link to comment Share on other sites More sharing options...
Larry Posted October 21, 2008 Share Posted October 21, 2008 Quit your job, and live off of the money you make in the market. No SS on unearned income. Link to comment Share on other sites More sharing options...
twa Posted October 21, 2008 Share Posted October 21, 2008 Quit your job, and live off of the money you make in the market. No SS on unearned income. Yet...that will supposedly change under O Link to comment Share on other sites More sharing options...
skinsaddict Posted October 21, 2008 Author Share Posted October 21, 2008 i plan on being an expensive old fart - trust me, you want me opting out Link to comment Share on other sites More sharing options...
DCSaints_fan Posted October 21, 2008 Share Posted October 21, 2008 Quit your job, and live off of the money you make in the market. No SS on unearned income. Plus you will only be taxed 15% Link to comment Share on other sites More sharing options...
Chief skin Posted October 21, 2008 Share Posted October 21, 2008 U CAN'T U owe me that money I am an old fart therefore u have to support in my older age Link to comment Share on other sites More sharing options...
Dictator Posted October 21, 2008 Share Posted October 21, 2008 If you can figure out a way to opt out, let me know. Become Amish. They are exempt from paying into social security. Link to comment Share on other sites More sharing options...
SnyderShrugged Posted October 21, 2008 Share Posted October 21, 2008 why would you think that its wrong that you have to pay a huge sum of your hard earned money into a system that you will most likely never benefit from? I think both Baldwin and Barr support sSI reform that allows opt outs btw Link to comment Share on other sites More sharing options...
Lombardi's_kid_brother Posted October 21, 2008 Share Posted October 21, 2008 Everyone realizes that SS is not a retirement account, right? There is no little account in Washington with your name on it. Which is good, because the average SS recipient will receive several times more than they put into it. Provided it still exists when you retire of course. Link to comment Share on other sites More sharing options...
Rocky21 Posted October 21, 2008 Share Posted October 21, 2008 I have often said if the gov. pays me back everything I've already paid into social security, I'd call it even and never ask for a cent from them in my retirement. Link to comment Share on other sites More sharing options...
Thiebear Posted October 21, 2008 Share Posted October 21, 2008 I'm 40: I'll be eligible around 2030 the Baby Boomers hit the hardest from 2012+ There is no Chance i'll get the 2600 a month they say after the 23 years of putting in. Link to comment Share on other sites More sharing options...
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