3 ms·
Correct. Majority of the social security is never used by h1b. Also need your own insurance, cannot claim any benefits, have to leave the country in 24 hours if
by ganeshkrishnan 7y ago
Correct. Majority of the social security is never used by h1b. Also need your own insurance, cannot claim any benefits, have to leave the country in 24 hours if h1b lose the job, cannot claim business expenses...
- screye 7y agojust saying, h1b usually have about 2 months of unemployment since being fired. Not great, but not a single day either. your statement about social welfare is reality for Indian h1bs. They will never be able to get a green card, and yet pay all the taxes for them. 8% of your salary is pretty steep for something you can't touch, ever.
- belltaco 7y agoIt's 16%. Employers have to match it, so it's an additional 8% on top of the 8% that the employee pays.
- ganeshkrishnan 7y agoIt probably changed with the Obama administration but when I was on H1b it was said that we had to leave as soon as possible. Maybe you are right because we could never find a legal source of truth for this info. The point is, we have to leave everything. If you have kids, car, school for kids, house everything goes out.
- RonaldDR 7y agoSocial security is not a tax, my friend. It is essentially an involuntary benefits payment to others. It's why they hide it and obscure the language about it. And if you had to, e.g,. write two checks every month; one to a government bureaucrat and another to some social security recipient, then you would get it … which is exactly why they don't want that. SS you pay today is used to pay for the SS check someone else gets today. It's literally a passthrough while a whole stable of bureaucrats takes a massive portion off the top. It's one of the many reasons why SS meets the criteria of a Ponzi scheme. There is no SS that you put aside that will be available to you in the future, what you paid today is gone, paid, poof, zero, null, it does not exist and is not available to you once you pay it. If you want to call it something more accurate than a tax, call it proportional enslavement. And that in an even more direct manner than general taxation that involuntary serves individual interests instead of common ones, let alone only pays for core functions of government. When you have taxes taken from you under threat of violence (jail) to support others' lives and lifestyles that benefits them and only them, that is nothing but slavery, regardless of whether it is only 30% slavery while having to pay for your own wellbeing and upkeep, instead of 80% slavery while living on a socialist paradise of a plantation where everything is "free".