How high earners are stressing Social Security

07/21/2009 | Wall Street Journal, The

Because the payroll-tax ceiling has failed to keep pace with lucrative executive compensation packages, the Social Security trust fund could be tapped out by 2037, an analysis found. Various bills by lawmakers to lift -- or eliminate -- the earnings ceiling have failed, while companies nix the idea of increasing their payroll-tax share. Highly paid workers receive more than one-third of all U.S. pay.

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