Nice little windfall.

[HardDrive]

Many moons ago, my wife (a doctor) was a resident, getting trained. Well due to some obscure ruling by the US treasury, its was deemed that residents should not be paying FICA. They are 'trainees'. Long story short, we unexpectedly got back 4 years of FICA from my wife's residency!

Good for a new roof anyway. And perhaps a Sig 556

[Rick Lee]

Make it a 551.

[RANDY P]

a new roof? Nice check.

[HardDrive]

Originally Posted by Rick Lee

Make it a 551.

A) Why?
B) Does it accept a AR magazines?

[Noah930]

It has to do with the student vs employee status of medical residents. Employees pay for SS. Students do not. So federal taxes withheld during residency (up to 2005, IIRC) should get reimbursed. I got one check from one residency, but not from another. Can't recall if there's any interest involved in this refund, or not. Residency programs and the federal IRS have been trying to figure this out for the past couple years.

It made me wonder today if this would make an interesting PARF/OT poll: With all this talk about privatizing Social Security, would you (given the opportunity) take money out of SS that you've put in over the years and assume responsibility for it yourself (because you'd be losing rights to SS benefits come retirement time)? Or would you rather let the federal gov't continue on with SS as we know it?

[HHI944]

Originally Posted by HardDrive

A) Why?
B) Does it accept a AR magazines?

Get whichever you want, it's a sig, you won't be disappointed

[gacook]

Originally Posted by Noah930

It has to do with the student vs employee status of medical residents. Employees pay for SS. Students do not. So federal taxes withheld during residency (up to 2005, IIRC) should get reimbursed. I got one check from one residency, but not from another. Can't recall if there's any interest involved in this refund, or not. Residency programs and the federal IRS have been trying to figure this out for the past couple years.

It made me wonder today if this would make an interesting PARF/OT poll: With all this talk about privatizing Social Security, would you (given the opportunity) take money out of SS that you've put in over the years and assume responsibility for it yourself (because you'd be losing rights to SS benefits come retirement time)? Or would you rather let the federal gov't continue on with SS as we know it?

I'd want my money back. I KNOW I can invest it/save it better than the gov't can.

[Rick Lee]

Originally Posted by gacook

I'd want my money back. I KNOW I can invest it/save it better than the gov't can.

The gov't. is doing neither with your FICA money.

[sammyg2]

Originally Posted by Noah930

............................would you (given the opportunity) take money out of SS that you've put in over the years and assume responsibility for it yourself (because you'd be losing rights to SS benefits come retirement time)?...................................

In a heart beat.
Without hessitation.

[Joeaksa]

Originally Posted by Rick Lee

The gov't. is doing neither with your FICA money.

And wasting it as fast as they can, yet all the while trying to find ways to get more. It will stop eventually...

[kach22i]

Originally Posted by Noah930

Employees pay for SS. Students do not.

Since when?

I've never heard of this.