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|Social Security, Work Day by Work Day|
Richard Cohen in The Washington Post; subscription may be required
May 3, 2005
Excerpt: This column is about Day Two. Day One is the first day of the work year. On that day, the average American worker earns about $142.31 and, of course, has a piece of that withheld for Social Security. Since the cap on such payments is $90,000 a year and the average American earns only $37,000, he or she pays Social Security tax all year long. Now we come to Day Two. For some people, it's not like Day One at all.
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