Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rich as what they are, a simple upward redistribution of income, rather than a way to make all of us richer as we were told . Ha-Joon Chang, Faculty of Economics, University Cambridge, England, United Kingdom
H&R Block has an interesting infographic on how US Federal Tax Dollars are Spent on Education. 4.8% of the Federal budget is spent on education (seems way too low to me). The infographic breaks down dollars by elementary vs. secondary vs. higher ed, how students pay for college, IDEA, and more. It's interesting to see how the money is spent.
Tax Deductions Guide for Freelancers and the Self-Employed -Self-employment tax: You can deduct half the cost of Medicare and Social Security tax (the portion your employer normally pays for) on form 1040 Line 58.