How can I get out of social securty? Is there anyway I can opt out of it?
2007-02-18 12:33:42 · 8 answers · asked by Anonymous in Politics & Government ➔ Government
Many government employees do not have to pay the Social Security Tax. For example, State and some County governments in California belong to CalPERS -- California Public Employee Retirement System. Federal Employees have their own system. So, you could look into a government job. You still have to make contributions to a retirement system, but currently the returns are generally much better than that of Social Security.
Another way is to work strictly for cash, which some self-employed people are able to do. This is not considered legal by the Federal Government.
Another way is to become an investor--a capitalist--rather than being a laborer--an employee. Investors such as those who buy and sell stocks pay capital gain taxes on their profits, but they do not pay Social Security taxes.
2007-02-18 13:04:50 · answer #1 · answered by hoov 2 · 0⤊ 0⤋
No way. It's an obligation to our older generation to help them through their retirement years. If there was no social security, we probably would be paying even more than we are paying now in SS Taxes to help the elderly who are broke and homeless.
2007-02-18 12:42:18 · answer #2 · answered by miketorse 5 · 0⤊ 0⤋
Get yourself elected to Congress.
Congress pays no social security taxes on their salaries.
2007-02-18 12:54:01 · answer #3 · answered by chimpus_incompetus 4 · 0⤊ 0⤋
At first I thought you wanted to get out of receiving it. Then it dawned on me that you want to opt out of PAYING. Sorry, no can do. . . other than to work for cash & then nothing goes into your SS for your retirement.
2007-02-18 13:50:53 · answer #4 · answered by Jim W 4 · 0⤊ 0⤋
Join the AMISH PEOPLE and become AMISH because they pay no social security taxes ever!!! I am not kidding this is the Gospel truth!!!
2007-02-18 12:41:14 · answer #5 · answered by dca2003311@yahoo.com 7 · 0⤊ 0⤋
Go to work for an employer who provides a private pension. Then you do not have to pay into SSI.
2007-02-18 15:10:16 · answer #6 · answered by John F 2 · 0⤊ 1⤋
If you mean paying in to it, no theres not.
2007-02-18 12:41:31 · answer #7 · answered by Backwoods Barbie 7 · 0⤊ 0⤋
if you find out, let me know
2007-02-18 12:39:08 · answer #8 · answered by Anonymous · 1⤊ 1⤋