We get and keep ALL their FICA. More than 10 billion per year.
IANAL, but I'm pretty sure they are liable for U.S. income tax, too. Certainly if a U.S. citizen works overseas, they pay the host country's tax (with the exception of U.N. employees in some places).
That is CURRENTLY true concerning Indians. I may have misread an article that I had found in relation to totalization agreements which do in fact exempt foreign nationals from US FICA. However, Indians amongst others are lobbying Congress to pass totalization treaties with them.
Taxing times: Nasscom pitches for totalisation deal with US, UK
There are bilateral tax treaties with Canada and some Eurpoean countries that enable H1-Bs to pay into their home SS system. But no treaty with India, and no treaty with Russia, at least when I employed a bunch of Russians.
There's MANY countries that have totalization agreements with the US.
From U.S. INTERNATIONAL SOCIAL SECURITY AGREEMENTS
| Country | Entry into Force | |
|---|---|---|
| Italy | November 1, 1978 | |
| Germany | December 1, 1979 | |
| Switzerland | November 1, 1980 | |
| Belgium | July 1, 1984 | |
| Norway | July 1, 1984 | |
| Canada | August 1, 1984 | |
| United Kingdom | January 1, 1985 | |
| Sweden | January 1, 1987 | |
| Spain | April 1, 1988 | |
| France | July 1, 1988 | |
| Portugal | August 1, 1989 | |
| Netherlands | November 1, 1990 | |
| Austria | November 1, 1991 | |
| Finland | November 1, 1992 | |
| Ireland | September 1, 1993 | |
| Luxembourg | November 1, 1993 | |
| Greece | September 1, 1994 | |
| South Korea | April 1, 2001 | |
| Chile | December 1, 2001 | |
| Australia | October 1, 2002 |
We get and keep ALL their FICA. More than 10 billion per year.
For NOW we get to keep the FICA from Indian nationals. That may change. As far as this 10 billion dollar figure, do you have any source information on that?