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  1. #1
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    US citizens living abroad /expats

    If you trust the government you obviously failed history class. " George Carlin"

  2. #2
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    one thing though i would like to know. if you have to pay taxes, will that also ( in the end) include pension fund, unemployment fund, accident and hospitalisation? or does one have all this -benefits - only when WORKING IN THE USA?
    There is no greater treasure then pleasure....

  3. #3
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    Unless it goes bust, yes it does include Social Security (pension) (but paying it out to an international location has a ton of restrictions). Unemployment, accident, medical? Nope, that's not even covered (unemployment somewhat is) for resident citizens!
    "What we need, as the ancients understood, is not a politician who is a business man, but a king who is a philosopher." -- G.K. Chesterton

  4. The Following 3 Users Say Thank You to Bogatyr For This Useful Post:

    Benedikt (14-05-2021), Freud (11-05-2021), Uncle Wally (08-05-2021)

  5. #4
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    Quote Originally Posted by Bogatyr View Post
    Unless it goes bust, yes it does include Social Security (pension) (but paying it out to an international location has a ton of restrictions). Unemployment, accident, medical? Nope, that's not even covered (unemployment somewhat is) for resident citizens!
    What kind of restrictions?

  6. #5
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    Quote Originally Posted by Freud View Post
    What kind of restrictions?
    Just on the surface, the mechanics would seem iffy. Most USA retirees or other beneficiaries have direct deposit for their monthly Social Security (deposits) rather than receive a check in the postal mail. The banks (in the West and Russia) all have a SWIFT code so they can talk to each other and to financial institutions and to you and me. To change the bank your Direct Deposit goes to, all you have to do is go ot the SS website, and change the SWIFT Code (the Bank number) and your bank account number.

    The West has been threatening to kick Russia out of the SWIFT system, while Russia and others have been threatening to start their own system.

    But the banks probably would not allow that. In a contest of wills between Biden and Big Banks, the Banksters win.

    But who knows what is coming down the pike. China is going cashless, India soon to follow. Russia is now snooping into your bank accounts, from what I hear, posted here on the forum. And the US is keeping a close eye on your bank accounts, too.
    "Defund the Social Sciences." - Fantastika, 2020

  7. #6
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    But who knows what is coming down the pike. China is going cashless, India soon to follow. Russia is now snooping into your bank accounts, from what I hear, posted here on the forum. And the US is keeping a close eye on your bank accounts, too.[/QUOTE]


    already many years ago, when working in South Africa, i had very little to no cash on me. Rent i paid by cheque. And for all the rest i had -company- cards. gas for the car, a Caltex card. at that time the dominant filling station...for shopping -OK bazaar-, somethign like Auchan here in Russia, a company card. Clothing -Hepworths-, a company card. AND got always notice a few days BEFORE the summer or winter sales begun. The discount was not shown yet in the shops but was then on the card...Only -money - was on Saturday night for the thick weekend Sunday Times - newspaper and the -Estoril bookstore. He had all new books and ,under the counter, wrapped nicely in cling wrap, the American Playboy and Penthouse...
    There is no greater treasure then pleasure....

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    TheInterocitor (14-05-2021)

  9. #7
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    Quote Originally Posted by Freud View Post
    What kind of restrictions?
    SSA will not direct deposit to a foreign bank. They started sending me checks, which I could do nothing with in Russia. Figured out I could get direct deposit to my U.S. brokerage account, and transfer money here from that.
    If you're going to be dumb, you better be tough...

  10. The Following 2 Users Say Thank You to bydand For This Useful Post:

    Freud (18-05-2021), TheInterocitor (11-05-2021)

  11. #8
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    Quote Originally Posted by bydand View Post
    SSA will not direct deposit to a foreign bank. They started sending me checks, which I could do nothing with in Russia. Figured out I could get direct deposit to my U.S. brokerage account, and transfer money here from that.
    Good workaround. The reason for this is SSA wants to keep their hands clean of any involvement with foreign banks? Such and such foreign bank could be corrupt, and with any missing funds, there is no legal recourse for SSA or recipient to recover?

    I have money from my Ebay sales deposited to virtual bank, Capital One, then I transfer them to my local bank. Probably could do the same with SS funds. After they are in Cap One bank, I could transfer them (I think I can) to any bank with a Swift Code routing number.
    "Defund the Social Sciences." - Fantastika, 2020

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