Will Tiger Woods Save Social Security? Not on Your Life.

Andrew Roth

USA Today had a interesting article in their paper yesterday. They listed all of the disastrous consequences of removing the wage cap on payroll taxes, thus putting an enormous burden on the rich and famous. It was estimated that Tiger Woods would pay $10 million in Social Security taxes a year! Gee, do you think Tiger would have a greater incentive than he does now to avoid that tax if the wage cap was removed? Apparently, even ol' Ted Kennedy is against the idea of lifting the cap.
Posted by Andrew Roth on June 2, 2005 9:21 AM to Social Security Choice