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Social Secuirty Question
This may strike some as a dumb question, but I think it's perfectly logical to ask:
If a person moves away and relinquishes their citizenship, are they entitled to a refund of all the money they've paid into Social Security? Seems to me, if you're not going to be around to collect on it, you should get it back. If you know, I welcome your thoughts. If you don't, I suspect you will talk out of your ass. |
No, because that money is part of your income tax, and even non-citizens working in the US have to pay it, even though they don't get the benifits.
http://www.irs.gov/businesses/small/...131635,00.html |
Your social security payments aren't for you, they are for the current retired. You get your checks from the next generation.
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Any social security you contribute to will not be reimbursed in any way, shape nor form. Those who have paid into SSI are not able to get any of it back, even though they leave the country.
As El Blanco stated, you wouldn't be the recipient of the funds YOU contribute to, your benefits will come from the next generation. Sadly, I fear Social Security will run dry by the time this generation reaches that age. If not before. |
Oh well. I figured it couldn't hurt to ask.
But, the way I see it, if Bush can use money that isn't there yet but supposedly will be, why can't I? |
A time honored question, to be sure. It would certainly make sense wouldn't it? I think the only recourse here is tax evasion and off shore accounts for the lowly "piss people" such as ourselves.
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