Why tax day is a nightmare for freelancers
By SARA HOROWITZ APR 18, 2017
For the 55 million Americans who make their living as freelance workers, tax day is more than just a headache. It's an annual fleecing. Freelancers now constitute a third of the American workforce, and over the past decade, 94% of new jobs added to the U.S. economy were created in the so-called gig economy. Yet freelancers must retrofit themselves into an archaic system designed for the industrial era, one that taxes independent workers disproportionately even as they benefit less from the social safety net.