2006-06-29 12:50:46 · 8 answers · asked by prof.crypto 1 in Business & Finance ➔ Personal Finance
Sunflower, how did she do that?? Only employees can do this?
2006-06-29 13:13:42 · answer #1 · answered by truthyness 7 · 0⤊ 1⤋
My friend works for the Social Security Administration and Social Security is no longer deducted from her checks.
2006-06-29 12:54:41 · answer #2 · answered by sunflower1237 3 · 0⤊ 0⤋
Live on the interest and dividends from your investments... you don't pay social security taxes on that.
a fairly conservative million dollar investment will return about $50,000 to $80,000 per year. There may be some interest and dividends and some capital gains. Much of it may be taxed federally at 15%. possibly some state tax but NO Social security tax....
2006-06-29 14:09:40 · answer #3 · answered by yeeooow 4 · 0⤊ 0⤋
Clergy and other preachers can opt out of Social Security by saying that it is "against their religion" and also that it "is not a good use of God's money"
2006-06-29 14:27:05 · answer #4 · answered by jlamb_2000 2 · 0⤊ 0⤋
Ummm...some agencies don't give their employees the option to pay in to social security.........you could stop working...or just go to work in the post office........refund? u serious?
2006-06-29 13:28:47 · answer #5 · answered by WiseWon 3 · 0⤊ 0⤋
Die,and then there is 295 dollars coming to the next of kin.
2006-06-29 12:54:01 · answer #6 · answered by Anonymous · 0⤊ 0⤋
thats a very good question when you find out tell me cause i want to stop working forever and by the way who invented work? That mofo should be shot.
2006-06-29 12:54:26 · answer #7 · answered by renato24d 3 · 0⤊ 0⤋
Stop working and retire...
2006-06-29 12:54:17 · answer #8 · answered by chairman_of_the_bored_04 6 · 0⤊ 0⤋