6 ms·

I'm not in the USA so I'm not sure how the W2s and SSNs are tied to job/healthcare/401k etc, but how does this double timing work? Won't the Tax office/Finanzam

I'm not in the USA so I'm not sure how the W2s and SSNs are tied to job/healthcare/401k etc, but how does this double timing work? Won't the Tax office/Finanzamt (IRS) know about this?

ghiculescu 4y ago
It’s not illegal to have two jobs.
- mixmastamyk 4y ago
  Why do so many people think this? Conditioning via plutocracy?
  - DogLover_ 4y ago
    I am not in the US but where I am from the contract usually says you are not allowed to work for another employer unless approved by your current employee. All the stories of overemployed get me kinda envious because I would never dare to try it myself.
    - bitL 4y ago
      In your jurisdiction (Europe?) you are likely fine doing it legally if you are a consultant/contractor (i.e. responsible for all taxes/insurances yourself) but not as an employee. So if you find two remote jobs in the US, you are good.
    - mixmastamyk 4y ago
      Ok. I’ve done it, and the money is nice. However it is a bit stressful and you’ll pay thru the nose in taxes, so I wouldn’t recommend long term.
- dymk 4y ago
  It is likely a breach of contract at both jobs, though. All contracts I’ve signed in the past include a clause that say “this is your one and only primary job and you hold no others”.
nfriedly 4y ago
The individual will end up overpaying on social security and underpaying on most other taxes. When they file their taxes for the year, they will most likely owe some additional money to the government. As long as they pay it promptly, I don't think the IRS will have any issues with the situation. They can also request that the employer withhold additional taxes; this is fairly common because of situations where both spouses work. They likely have two healthcare plans, but that's generally not an issue - again, it's fairly common if both spouses are employed. For the 401K, the individual will just have to make sure that their total contributions between both companies are under the federal limit.
dboreham 4y ago
The US system is setup such that employer A doesn't see any information that would reveal employer B. The IRS knows but they don't tell employers.
- dimmke 4y ago
  Yeah but banks and credit bureaus also know.

I'm not in the USA so I'm not sure how the W2s and SSNs are tied to job/healthcare/401k etc, but how does this double timing work? Won't the Tax office/Finanzamt (IRS) know about this?

ghiculescu 4y ago

It’s not illegal to have two jobs.

mixmastamyk 4y ago
Why do so many people think this? Conditioning via plutocracy?
- DogLover_ 4y ago
  I am not in the US but where I am from the contract usually says you are not allowed to work for another employer unless approved by your current employee. All the stories of overemployed get me kinda envious because I would never dare to try it myself.
  - bitL 4y ago
    In your jurisdiction (Europe?) you are likely fine doing it legally if you are a consultant/contractor (i.e. responsible for all taxes/insurances yourself) but not as an employee. So if you find two remote jobs in the US, you are good.
  - mixmastamyk 4y ago
    Ok. I’ve done it, and the money is nice. However it is a bit stressful and you’ll pay thru the nose in taxes, so I wouldn’t recommend long term.
dymk 4y ago
It is likely a breach of contract at both jobs, though. All contracts I’ve signed in the past include a clause that say “this is your one and only primary job and you hold no others”.

nfriedly 4y ago

The individual will end up overpaying on social security and underpaying on most other taxes. When they file their taxes for the year, they will most likely owe some additional money to the government. As long as they pay it promptly, I don't think the IRS will have any issues with the situation. They can also request that the employer withhold additional taxes; this is fairly common because of situations where both spouses work. They likely have two healthcare plans, but that's generally not an issue - again, it's fairly common if both spouses are employed. For the 401K, the individual will just have to make sure that their total contributions between both companies are under the federal limit.

dboreham 4y ago

The US system is setup such that employer A doesn't see any information that would reveal employer B. The IRS knows but they don't tell employers.

dimmke 4y ago
Yeah but banks and credit bureaus also know.