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So the tech industry for US citizens is mostly dead. Companies are even incentivized to hire over Americans due to OPT and no payroll tax. What industries are
by the_real_cher 1y ago
So the tech industry for US citizens is mostly dead.
Companies are even incentivized to hire over Americans due to OPT and no payroll tax.
What industries are next?
- GenerWork 1y ago>no payroll tax Is this for real? Companies don't have to pay payroll tax on H1Bs?
- mullen 1y agoNo, they have to pay it. Everyone has to pay payroll tax on all employees.
- the_real_cher 1y agowrong https://www.irs.gov/individuals/international-taxpayers/foreign-student-liability-for-social-security-and-medicare-taxes?utm_source=chatgpt.com https://www.irs.gov/individuals/international-taxpayers/fore... https://www.uscis.gov/working-in-the-united-states/students-and-exchange-visitors/optional-practical-training-opt-for-f-1-students?utm_source=chatgpt.com https://www.uscis.gov/working-in-the-united-states/students-...
- nblgbg 1y agoNo, every one has to pay.
- the_real_cher 1y agoyou are wrong https://www.irs.gov/individuals/international-taxpayers/foreign-student-liability-for-social-security-and-medicare-taxes?utm_source=chatgpt.com https://www.irs.gov/individuals/international-taxpayers/fore... https://www.uscis.gov/working-in-the-united-states/students-and-exchange-visitors/optional-practical-training-opt-for-f-1-students?utm_source=chatgpt.com https://www.uscis.gov/working-in-the-united-states/students-...
- the_real_cher 1y agoOPT employees must still file taxes and pay income tax, but FICA (Social Security + Medicare) is exempt for both employer and employee as long as the worker remains in F-1 nonresident status (typically up to 5 calendar years). For an OPT worker in F-1 status, the employer saves approximately 7.65% on payroll taxes compared to hiring a regular U.S. worker. An OPT worker after graduating can remain in F1 status for 3 years while employed with these exemptions.
- gamblor956 1y agoThat is wrong. Only a short-term H1B (less than 6 months in US) is not subject to FICA. https://www.irs.gov/government-entities/employers-must-withhold-fica-taxes-for-aliens-who-change-visa-status-to-h1b https://www.irs.gov/government-entities/employers-must-withh...
- the_real_cher 1y agoyou are Wrong https://www.irs.gov/individuals/international-taxpayers/foreign-student-liability-for-social-security-and-medicare-taxes?utm_source=chatgpt.com https://www.irs.gov/individuals/international-taxpayers/fore... https://www.uscis.gov/working-in-the-united-states/students-and-exchange-visitors/optional-practical-training-opt-for-f-1-students?utm_source=chatgpt.com https://www.uscis.gov/working-in-the-united-states/students-...
- gamblor956 1y agoNo, if you actually read your links the reason that these students are not subject to FICA is because they are working as part of the educational requirement for their degree, and they are limited to part-time work.
- the_real_cher 1y agoI dont thin you read it. STEM OPT Extension If you have earned a degree in certain Science, Technology, Engineering and Mathematics (STEM) fields, you may apply for a 24-month extension of your post-completion OPT employment authorization if you: Are an F-1 student who received a STEM degree included on the STEM Designated Degree Program List (PDF); Are employed by an employer who is enrolled in and is using E-Verify; and Received an initial grant of post-completion OPT employment authorization based on your STEM degree.