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Here's what you give up if you join the gig economy

Thursday, February 22, 2018  
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Annie Nova | CNBC via USA Today

The share of "non-traditional workers" in our labor force — such as independent contractors and freelancers — has been growing faster than any other type of worker.

 The new tax code is likely to accelerate this trend, thanks to the big tax break it offers to businesses run by individuals. Independent contractors (or sole proprietors) can now write off 20% of their business income in many cases.

 The share of "non-traditional workers" in our labor force — such as independent contractors and freelancers — has been growing faster than any other type of worker.

 The new tax code is likely to accelerate this trend, thanks to the big tax break it offers to businesses run by individuals. Independent contractors (or sole proprietors) can now write off 20% of their business income in many cases.

 "This is putting grease on that slide," said David Weil, former administrator of the Labor Department's Wage and Hour Division in the Obama administration and author of The Fissured Workplace.


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