How can I opt out of Social Security?

Question

I'm trying to see if there is a way to get out of this Social Security BS. However I'm not sure if its possible to do this.
I don't work for cash and I'm not a capitalist.

Any ideas?

Thanks for the replies everyone.
To clarify, by "capitalist" what I meant to say was - I dont reroll my capital gains or anything like that. Sorry, that just came out wrong.
Thanks again for the replies!

Answer 1

Hi,

According to the official site for the Social Security Administration, you can not opt out of paying into social security.

The site explains that participation is mandatory, but that might not necessarily be a bad thing. "Unlike your private plan, Social Security provides disability and survivors coverage in addition to retirement benefits. And Social Security generally offers greater protection for family members than private pensions."

For more on rules and regulations, check out the SSA's official site.

thanks,

Mike

Answer 2

Only if you are a member of a very limited number of religious groups that do not believe in accepting government assistance or insurance proceeds of any kind and also provide a similar level of assistance directly to their members. Certain Amish, Mennonite, and similar groups qualify.

It doesn't matter if you're a Capitalist or not or how you are paid. Barter and exchange income is just as taxable as cash income is. As far as the IRS and SSA are concerned, they're identical.

Federal employees are covered by Social Security and have been for a number of years. A few state and local governments have similar systems with similar contributions in lieu of Social Security for their employees.

Answer 3

members of religious orders that eschew such government assistance are exempt.

There are several groups I know of that fit into this ... ministers in some churches, members of some faiths, religious members of some orders (monks and nuns, etc.).

***
The other way is to be employed by a state or subunit government that never joined Social Security. [It was optional for the states.]

I believe that California is such a government.

Of course, CA has its own retirement plan and it is mandatory for all state employees -- including the contributions part.


oh.

Answer 4

Your record of exceptions is right, yet no, in case you grew to become a clergyman you ought to no longer choose out because of the fact the non secular exemption is presented that that faith as a team refuses to settle for the advantages - some religions qualify, Catholics no, below the non secular opposition exemption. and in spite of in case you probably did qualify, your area jobs could be project to ss except they have been additionally for employers who met the non secular opposition exception - word it is says "the two the business employer and worker...."

Answer 5

The government is there to take care of you, haven't you heard that? They are also there to take as much of your money as they can without appearing too greedy, but it's hard since they are, after all, very willing to take YOUR money and pay someone else for their vote.

Basically, you pay Soc Security so you don't become a homeless person when you get old, assuming you live that long. In the meantime, they take your contributions and pay them to someone else. That "lock box" that Albert Gore talked about? Well, it doesn't exist. Much like Global Warming caused by people -- it's like two fleas arguing about who owns the dog, we have very little to say about taxes or global warming, and there isn't much we can do about either.

Jeff

Answer 6

The only legal way I know of is to become Amish. Because Amish take care of their own, they were exempted from Social Security.

Answer 7

I believe that ministers can opt out od social security.

Answer 8

Become a pastor or work for the state.

Answer 9

Work for the government ... government employees don't pay SS tax, and they don't get SS benefits.

Answer 10

Why would u do this? R u rich enough to sustain yourself in the future, If u r more power to u