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Article #976

Social Security (how to get out)

#976
From: ross
Date: Fri, 03 Oct 1986 00:34
25 lines
1741 bytes
Like many other people, I believe that by the time I am old enough
to collect it, Social Security will be long gone.  Meanwhile, SS
takes a larger percentage of my income every year, with the maximum
amount ever increasing.  
 
IS THERE ANY WAY OUT???
 
I would much rather put the thousands of dollars I lose to SS each year into
a 401k plan, IRA, or other investment  rather than see it disappear with
no real promise of any return.  The SS system is bankrupt and has been
mis-managed and mis-represented to the public since its creation, and I
want out.  I know that federal government employees, many city and county
workers, and even the Amish people of PA are not part of SS - no payments in, 
no payments out.  Basically, I would like to *stop* all SS tax deductions
from my paycheck and have the bucks available for whatever I want to
do with them:  invest, buy stereo gear, whatever, instead of letting the
federal government drain it away.  

I would very much appreciate any advice, suggestions for references, 
precedents, etc. that anyone on the net can provide.  Send E-mail or reply
on the net.

Thanks in advance.

!decvax!raster!ross
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Message-ID: <126@raster.UUCP>
Path: arc1-ca.pugleaf.net!utzoo!watmath!clyde!caip!rutgers!husc6!panda!genrad!decvax!raster!ross

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Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Path: arc1-ca.pugleaf.net!utzoo!watmath!clyde!caip!rutgers!husc6!panda!genrad!decvax!raster!ross
From: ross@raster.UUCP
Newsgroups: net.taxes,net.legal
Subject: Social Security (how to get out)
Message-ID: <126@raster.UUCP>
Date: Thu, 2-Oct-86 20:34:51 EDT
Article-I.D.: raster.126
Posted: Thu Oct  2 20:34:51 1986
Date-Received: Sat, 4-Oct-86 11:58:03 EDT
Reply-To: !decvax!raster!ross
Distribution: net.taxes,net.legal
Organization: Raster Technologies, Westford, MA
Lines: 28
Keywords: Social Security, rip off