Hacker News Reader

Comment by wueiued | Hacker News Reader

I wrote "for the same contribution". If women pays equal money, she will get more from system, because she lives extra seven years.

Plus children are counted as a bonus for state pension. So you do not lose pension for spending three years home with kid. (men would)

We also have compulsory state pension system. It does not stop people from opting out.

View on HN

> We also have compulsory state pension system. It does not stop people from opting out.

This doesn't sound like compulsory, right?

You can always leave to other country, or minimize your contributions with creative accounting.

Also very common is to build your own house by yourself DIY style. It is significantly cheaper because you do not have to pay taxes from work you do for yourself.

The United States taxes its citizens' income worldwide, at least above a certain income threshold, and from my understanding requires yearly filing regardless. IMO it's unlikely that simply moving to a different country would allow you to dodge a federal mandatory pension (provided it happened in the US).

Social security has an awful lot in common with a federal mandatory pension. If anything, it would probably be easier to opt out of a pension system (where pension implies that the individual benefit is more fully funded by the individual payments).

People that can show they are making payments into a similar program elsewhere often don't have to make social security payments.

https://www.ssa.gov/international/agreements_overview.html

Social security is the United States' federal mandatory pension, and it does not generally apply to foreign income (unless in a country that also has a mandatory pension with which the US has a tax treaty).

https://www.irs.gov/individuals/international-taxpayers/soci...

Oddly enough, you can opt out of the Social Security - some employees of government agencies don't have to contribute and some religions are also exempt.

Personally, I feel that anybody should be able to permanently opt-out if desired.

I worked for one of those organizations in the past, which seems to have skewed my view quite a bit. Thanks for the corrections.

Reply on news.ycombinator.com