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