[pianotech] Retirement

[Israel Stein]

Utter and absolute nonsense. Go back and 
re-read whatever you think you read on 
the IRS.GOV site. What happens if you 
file an income tax return that shows 
self-employment income and does not show 
quarterly estimated tax payments made 
sufficient to cover both your income tax 
and social security tax obligations, you 
will get a bill for late payment of 
taxes plus a 50% penalty. Ask me how I 
know... And if you still refuse to pay - 
they will come after you. They prefer to 
go after the little guy, who can't 
afford to hire expensive lawyers... 
(That part I avoided by paying up and 
never making that mistake again). Yes 
there are ways to opt out of social 
security - if you are enrolled in other 
government operated retirement schemes 
recognized as legitimate substitutes for 
Social Security. I believe there's 
something about railroad workers and 
enrolees in municipal employee type 
retirement plans. And there are special 
rules for clergy, farmers and fishermen 
- but not exemptions. Of course you can 
stop filing income tax returns - but 
that in itself is a federal crime. There 
is an awful lot of misinformation out 
there being put out by anti-tax 
activists - are you sure you didn't get 
on one of their websites?

Israel Stein


On 11:59 AM, Matthew Todd wrote:
> IRS.GOV
>
> ***_TODD PIANO WORKS_*
> Matthew Todd, Piano Technician
> (979) 248-9578
> http://www.toddpianoworks.com 
> <http://www.toddpianoworks.com/>
>
>
> --- On *Thu, 12/9/10, 
> PAULREVENKOJONES at aol.com 
> /<PAULREVENKOJONES at aol.com>/* wrote:
>
>
>     From: PAULREVENKOJONES at aol.com
>     <PAULREVENKOJONES at aol.com>
>     Subject: Re: [pianotech] Retirement
>     To: pianotech at ptg.org
>     Date: Thursday, December 9, 2010,
>     7:25 AM
>
>     In a message dated 12/9/2010
>     12:43:31 A.M. Central Standard
>     Time, toddpianoworks at att.net writes:
>
>         I hope I didn't open up any
>         cans of worms.
>
>     This does. And where on earth did
>     you get the idea that you can opt
>     out of paying SS tax?
>     Paul
>

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