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[quote=Anonymous][quote=Anonymous][quote=Anonymous]From that, your carpenter has to pay for health insurance, retirement/401k, insurance for his company, overhead costs, various taxes, etc. [/quote]

He works alone, has no employees. Out of my $124/hr I also have to pay retirement, insurance (health, disability), plus umbrella not included, commuting, taxes, etc. None of which are deductible against income.[/quote]

Your retirement and health insurance are absolutely deductible, or more accurately are most likely paid for with pretax dollars.  Your disability insurance, if provided by your employer, may be as well (and if it isn't, the benefits are not taxable).  If you are funding retirement and paying for health insurance with after tax dollars and not deducting them, that's on you.

Moreover, as a W2 employee, your employer likely pays a portion (perhaps a significant portion) of your health insurance.  Your solo carpenter doesn't have that luxury.

It's unclear whether you think your carpenter is overpaid, or you are underpaid.  If it's the former, shame on you.  If it's the later, well, I'm sure you can find a different job and increase your income.  And if you can't, well, that should tell you something.   Every profession has highly compensated and less well compensated members, and water generally seeks its own level.  And if you're arguing that the threshold compensation for each and every physician should be more than $260k, and that $260k is completely insufficient for doctor in his or her 40s, good luck with that.  [/quote]

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