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Reply to "If you could opt out of social security, would you?"
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[quote=Anonymous][quote=Anonymous]You are a G-IV visa at the iMF or WB.... Don't leave that status. [/quote] If he is a G4 visa holder, then he would not be a "permanent resident" as the OP said. He would be considered a nonresident for tax purposes instead. Nonresidents working for the international organizations are exempt from tax. However, residents and the US citizens who work there do pay taxes. Do they pay income tax only and not SS and Medicare? Tax consideration plays a huge factor in the citizenship decision, at least for me. As a G4 visa holder who works outside of the international org, I pay very high taxes compared to residents. Also, if we sell the house, we'll not be entitled to a 250/500K deduction from capital gain and would need to pay tax on the entire gain. A good thing is that I'm not taxed on income generated outside of the US, so I have a deposit in my native country that generates 10% interest per year - and it is exempt from tax in both my native country and the US. However, if we invest in the US stock market, gain is taxable at 30%. So they don't want us to invest here and therefore we make money here and invest overseas. [/quote]
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