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I have been teaching school since 1998, and I am being

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I have been teaching...

I have been teaching school since 1998, and I am being screwed out of the social security money that i put in for 20 something years. If I get a a job pay after I retire, can I not pay into social security since I won't be getting my share of ss?

Submitted: 6 months ago.Category: Tax
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Answered in 7 minutes by:
7/31/2017
Tax Professional: emc011075, Tax adviser replied 6 months ago
emc011075
emc011075, Tax adviser
Category: Tax
Satisfied Customers: 3,390
Experience: IRS licensed Enrolled Agent and tax instructor
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Hi. My name is ***** ***** I will be happy to help you. Contribution to social security system is mandatory, not voluntary. The funds withheld from the current workers are used to pay current benefits. Unless you work for a government, your employer will be required to withhold social security and Medicare from your paycheck.

A contribution to the system will not guarantee your benefits, you have to meet other requirements. If you worked in government sector and receive government pension your social security benefits are eliminated by your pension.

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Tax Professional: emc011075, Tax adviser replied 6 months ago

Any questions? SS and Medicare withholding is just another type of tax like, income tax or property tax.

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