Bangkoktraveler Posted February 26, 2010 Report Share Posted February 26, 2010 Medicare and Social Security take 15.2%! and tat really is a tax! Link to comment Share on other sites More sharing options...
BadaBing Posted February 26, 2010 Report Share Posted February 26, 2010 Medicare and Social Security take 15.2%! and tat really is a tax! Choose your words carefully , those two are contributions ,mandatory , yes , but you live long enough or get disabled , the contribution comes back to you. I have no qualms at all contributing to those funds as I know I will need/use them soon enough. And dont say any BS about how those funds will be empty at this year or that year. FUCK the IRS and all the predators working for them. Link to comment Share on other sites More sharing options...
cavanami Posted February 26, 2010 Report Share Posted February 26, 2010 Don't think that Medicare is mandatory, as one lad claims he declined it and never has paid into it He lives here in LOS and never plans to return to the US. Link to comment Share on other sites More sharing options...
BadaBing Posted February 26, 2010 Report Share Posted February 26, 2010 could be , never really paid attension to the paystubs , whatever it is , that and SS have nothing to do with the IRS anyway. Link to comment Share on other sites More sharing options...
Flashermac Posted February 26, 2010 Report Share Posted February 26, 2010 When you start Social Security, you have an option - take it or leave it. If you take it, a small amount is deducted from your SS payments. Since you can't use Medicare outside the US, it would make sense to say no. However, if you change your mind, you'll lose something like 10% of your Medicare benefits for every year you delayed. This suggests to me that Medicare comes out of the SS money you have paid in. Link to comment Share on other sites More sharing options...
BadaBing Posted February 26, 2010 Report Share Posted February 26, 2010 This suggests to me that Medicare comes out of the SS money you have paid in. That makes sense. Medicare ,SS and SSD ( disability) cause the MC will/could become a factor when/if you receive 1 of the SS's. But they still have nothing to do with the IRS Link to comment Share on other sites More sharing options...
Old Hippie Posted February 26, 2010 Report Share Posted February 26, 2010 I was talking to a guy here in NorCal who is a teacher, he claims he does not have to pay into SSI because he has some other pension deal...I know federal workers were exempt at one point...any ideas what he might be on about? Link to comment Share on other sites More sharing options...
BadaBing Posted February 26, 2010 Report Share Posted February 26, 2010 I was talking to a guy here in NorCal who is a teacher, he claims he does not have to pay into SSI because he has some other pension deal...I know federal workers were exempt at one point...any ideas what he might be on about? Really dunno , I'm only an expert when it comes to bitching about the IRS.. Link to comment Share on other sites More sharing options...
Bangkoktraveler Posted February 26, 2010 Report Share Posted February 26, 2010 could be , never really paid attension to the paystubs , whatever it is , that and SS have nothing to do with the IRS anyway. Yes they do! [color:red]All payments made by employees and employers go directly to the IRS.[/color] Link to comment Share on other sites More sharing options...
Bangkoktraveler Posted February 26, 2010 Report Share Posted February 26, 2010 When you start Social Security, you have an option - take it or leave it. If you take it, a small amount is deducted from your SS payments. Since you can't use Medicare outside the US, it would make sense to say no. However, if you change your mind, you'll lose something like 10% of your Medicare benefits for every year you delayed. This suggests to me that Medicare comes out of the SS money you have paid in. To get around the loop hole of Medicare not paying outside the USA, some people have elected to particate in Medicare part B which does have some plans that provide coverage outside the USA. Link to comment Share on other sites More sharing options...
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