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...wage income up to $87,000. Above that, wages are not subject to the tax. As a result, the true Social Security tax rate declines as income rises. A working family that earns $50,000 pays $3,100 in Social Security taxes--the full 6.2%. A corporate executive or Hollywood entertainer with wage income of $3 million pays $5,394--the tax on the maximum earnings of $87,000. The Social Security tax rate works out to less than two-tenths of 1%, meaning that middle-income folks pay the tax at a rate 34 times as large...

Author: /time Magazine | Title: The Really Unfair Tax | 2/3/2003 | See Source »

...degree somersaults," Chan said. But, he added, "[if the script calls for] one somersault, I'll do it myself." It seems that after years of sustaining broken bones, his body isn't as elastic as it used to be. It's nice to know that getting old in Hollywood isn't just a problem for women age 40 and older...

Author: /time Magazine | Title: People: Feb. 3, 2003 | 2/3/2003 | See Source »

...BACHELOR Three years ago, Cris Judd was just a face in the chorus line, working as a backup dancer on videos and concert tours. Now he's known to everyone in Hollywood. Unfortunately, it's for being the man who served as a way station between Puff Daddy and Ben Affleck. Judd met JENNIFER LOPEZ on the set of her video Love Don't Cost a Thing, when she was on the rebound from Puffy. The two wed and separated within a year, and just months later Lopez became engaged to Affleck. The Judd/Lopez divorce was scheduled to become final...

Author: /time Magazine | Title: People: Feb. 3, 2003 | 2/3/2003 | See Source »

...fore in our project." Getting attention for the "project" is one thing, but Tatu's pop actually delivers. Their million-selling album, 200 km/h in the Wrong Lane, was re-recorded in English and produced by Trevor Horn, who's been there before, with Frankie Goes to Hollywood. The album - lyrics of young forbidden love set to a mix of synth-heavy Europop and rock - is catchy and unusual enough to carry them through, for at least a merchandising cycle or two. The girls also attempt a cover of The Smiths' angst anthem How Soon Is Now? Not quite Britney...

Author: /time Magazine | Title: From Russia With Lust | 2/2/2003 | See Source »

Theatricals’ spokesperson Joanna S.B. O’Leary ’04 said Huston and Scorsese were chosen because they “are both very distinguished, respected people in the film industry and have consistently done noteworthy films and very respected work in Hollywood...

Author: By Faryl Ury, CRIMSON STAFF WRITER | Title: Pudding Taps Huston, Scorsese | 1/29/2003 | See Source »

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