This would give courage to professionals who hesitate to go free agent, fearing the double whammy of huge insurance bills and a dip in net income due to startup costs. Incorporate or form a partnership. Your business may then be able to deduct premiums for various insurances, which would reduce your income tax bill. Partnering or incorporating can also lower your self-employment tax. Consult with a qualified tax professional.
Taxes Whining about taxes dates back to the Stamp Act, but sometimes our complaints are misplaced.
Allowing taxpayers to invest some of their Social Security contributions in stocks and bonds, and reducing or eliminating the inheritance tax, may be causes more worth fighting for. In my opinion, this tax should be reduced, not eliminated. The IRS doesn't abide by your personal declaration of independence. They have a test of their own to determine if you're an independent contractor or an employee. Their guidelines, however, are tangled and often vague.