Us social security
Dec 15th 2019, 10:14 pm
#1
Just Joined
Thread Starter
Joined: Dec 2019
Posts: 1
Us social security
Hi am a green card holder have lives in california for 5 years. I am considering citizenship. There are multiple factors to consider but one thing i cant seem ti find out is....
The US pays a retirement pension based on earnings average for 35 years. Does tha clock start ticking the minute you start paying us taxes?
I assume so but if someone.knows it would help
Thanks
Lee
The US pays a retirement pension based on earnings average for 35 years. Does tha clock start ticking the minute you start paying us taxes?
I assume so but if someone.knows it would help
Thanks
Lee
Dec 15th 2019, 11:33 pm
#2
Deep in the woods of CT
Joined: Feb 2010
Posts: 7,002
Re: Us social security
Hi am a green card holder have lives in california for 5 years. I am considering citizenship. There are multiple factors to consider but one thing i cant seem ti find out is....
The US pays a retirement pension based on earnings average for 35 years. Does tha clock start ticking the minute you start paying us taxes?
I assume so but if someone.knows it would help
Thanks
Lee
The US pays a retirement pension based on earnings average for 35 years. Does tha clock start ticking the minute you start paying us taxes?
I assume so but if someone.knows it would help
Thanks
Lee
Dec 15th 2019, 11:59 pm
#3
Concierge
Joined: Apr 2001
Posts: 46,387
Re: Us social security
As well having paid into the SS system. BTW it is not a pension. It is a retirement benefit. Many self-employed persons do not pay SS contributions.
Dec 16th 2019, 7:55 am
#4
Heading for Poppyland
Joined: Jul 2007
Location: North Norfolk and northern New York State
Posts: 14,540
Re: Us social security
Not just self employed - many government workers do not pay into SS. For instance, teachers and other town, county & state employees in Massachusetts do not pay into SS. Several other states too.
Dec 16th 2019, 10:58 am
#5
Often not so civil...
Joined: Apr 2010
Location: The Boonies, GA
Posts: 9,561
Re: Us social security
Does tha clock start ticking the minute you start paying us taxes?
Dec 16th 2019, 4:21 pm
#6
Concierge
Joined: Apr 2001
Posts: 46,387
Re: Us social security
Your paycheck or deductions should note withholding/payment to FICA which is your social security contribution. If you are employed, both you and your employer pay into this other than those workers noted by Robin1234 above.
Dec 16th 2019, 5:52 pm
#7
BE Forum Addict
Joined: Jun 2015
Location: Near Lynchburg Tennessee, home of Jack Daniels
Posts: 1,381
Re: Us social security
How would a self employed person not pay into SS? When I had self employment income I paid double ( as the worker and as the employer).
Dec 16th 2019, 7:41 pm
#8
Deep in the woods of CT
Joined: Feb 2010
Posts: 7,002
Re: Us social security
I've been self-employed for thirty years plus, and do indeed pay for the pleasure of dancing to the beat of my own drum in terms of SS contributions!
Dec 16th 2019, 11:12 pm
#9
Concierge
Joined: Apr 2001
Posts: 46,387
Re: Us social security
Simple, they just don't pay. My son-in-law doesn't pay into SS and neither did my now departed former fiancee. They both figured they will work until they died. One did.
Dec 16th 2019, 11:34 pm
#10
BE Forum Addict
Joined: Jun 2015
Location: Near Lynchburg Tennessee, home of Jack Daniels
Posts: 1,381
Dec 17th 2019, 2:22 am
#11
Account Closed
Joined: Oct 2003
Posts: 0
Re: Us social security
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Dec 17th 2019, 11:41 am
#12
MODERATOR
Joined: Apr 2003
Location: Phoenix, Arizona
Posts: 58,679
Re: Us social security
Rene
Dec 17th 2019, 12:56 pm
#13
Concierge
Joined: Apr 2001
Posts: 46,387
Re: Us social security
I am one of the government workers that does not pay into SS. I have what is called an alternate social security. It means I will be receiving minimum SS from the 14 years I paid into with previous jobs. It kind of sounded complicated when I first applied but now I know who is paying what I feel a bit more comfortable ( I think)
)
Dec 17th 2019, 10:39 pm
#15
Lost in BE Cyberspace
Joined: Jan 2006
Location: San Francisco
Posts: 12,865
Re: Us social security
Self employed people pay self employment tax of 15.3% on their taxable income. That's equivalent to the sum of employee and employer Medicare and SS taxes. The only way to avoid it is minimizing your taxable income by maximising your business expenses and other deductions only available the the self employed.