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Personal Finances / Living Below Your Means

URL:  https://boards.fool.com/quothow-do-you-make-money-and-still-pay-nothing-15157463.aspx

Subject:  Re: Not everyone gets a tax rebate Date:  6/12/2001  3:36 PM
Author:  Benevolent Number:  153104 of 910563

"How do you make money and still pay nothing in payroll taxes? I want in on this!"

You can renounce your SS#. Write to the government and say that you didn't know what it signified and you want to be taken of the Social Security rolls. That's perfectly legal, and you'd become exempt from payroll taxes because you wouldn't be entitled to any of the future benefits that they supposedly fund. Not many people know that you can do that, but IMO the 6.5% of your pay you'd save is not worth the potential trouble you can get in.

However, if you do renounce your SS#, it's an advertisement to the government that you are not a team player. That's an easy way to get onto those lists that little offices like the FBI and IRS keep of people to watch. Not many people do renounce their SS#, so the few that do attract a lot of attention from people I'd rather not rile. Plus, you wouldn't be eligible for SS disability and other such programs.

My advice is to keep paying the payroll taxes and pray that you'll be able to receive a few pennies on the dollar when you retire.


Benevolent
Who knows you were kidding but answered anyway
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