Polymer, SRP-2-1, was synthesized by micellar polymerization and characterized by ¹H NMR. Salt tolerance and viscoelasticity tests verified that the salt resistance of SRP-2-1 was promoted by the synergistic effects of oxyethylene groups, sulfonate, and hydrophobic chains. It is suggested that the structure of SRP-2-1 became more compact with increasing salinity. Furthermore, a mechanism is proposed as to why SRP-2-1 solution has excellent salt-resistance properties. The experimental results indicate that, because of the good shear resistance properties, the polymer SRP-2-1 could be used as an alternative in many fields, for instance in fracturing fluids, enhanced oil recovery, and sewage treatment.