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Feloria
Joined: 02 Sep 2006
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Posted: Sun Sep 17, 2006 9:31 am Post subject: Paying US Social Security While Living in Korea |
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I was at dinner last night, and it was brought up that I will have to pay Social Security 4 times to the US during the year that I am here. I plan on contacting the Social Security Administration about it, but does any one here have experience with this?
Also- any info/advice on doing tax returns while out here? |
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Tiger Beer

Joined: 07 Feb 2003
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Posted: Sun Sep 17, 2006 9:37 am Post subject: |
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we (americans) only get taxed for anything over US$70,000 (or something like that) of income a year.
You still have to fill out your tax returns.. but essentially we don't end up paying anything into the U.S. tax system.
Regarding social security.. never heard of having to pay them separately. Thats interesting if there is anything more to that. |
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djsmnc

Joined: 20 Jan 2003 Location: Dave's ESL Cafe
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Posted: Sun Sep 17, 2006 10:27 am Post subject: |
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You don't have to pay them anything |
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zappadelta

Joined: 31 Aug 2004
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Posted: Sun Sep 17, 2006 11:53 am Post subject: |
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Tiger Beer wrote: |
we (americans) only get taxed for anything over US$70,000 (or something like that) of income a year.
You still have to fill out your tax returns.. but essentially we don't end up paying anything into the U.S. tax system.
Regarding social security.. never heard of having to pay them separately. Thats interesting if there is anything more to that. |
Yea, over 80,000 |
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hogwonguy1979

Joined: 22 Dec 2003 Location: the racoon den
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Posted: Sun Sep 17, 2006 2:16 pm Post subject: |
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you can your pension money when you leave sent over to social security and have your wages here credited to it,
i've never heard anybody doing it though |
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OiGirl

Joined: 23 Jan 2003 Location: Hoke-y-gun
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Posted: Sun Sep 17, 2006 4:49 pm Post subject: |
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I have never paid into SS when in Korea, just picked back up where I had left off when I returned to the US. I have enough years there now to get disability payments, but paltry amounts at retirement. If even that will be available... |
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dogbert

Joined: 29 Jan 2003 Location: Killbox 90210
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Posted: Sun Sep 17, 2006 4:53 pm Post subject: |
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If you will not be working for a U.S. employer while in Korea, you will not be paying Social Security taxes. |
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Tiger Beer

Joined: 07 Feb 2003
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Posted: Sun Sep 17, 2006 6:32 pm Post subject: |
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just curious.. is there a miminum amount of years you need to put into the SS system to qualify (if its still around in 30 years?) |
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pdxsteve
Joined: 29 Sep 2004 Location: Bundang
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Posted: Sun Sep 17, 2006 8:20 pm Post subject: |
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Tiger Beer wrote: |
just curious.. is there a miminum amount of years you need to put into the SS system to qualify (if its still around in 30 years?) |
Yes, you need 40 "credits" which equate to calendar quarters. 10 years of participation to qualify for benefits. |
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