For someone self-employed, the numbers are tax-deductible. If you're employed, but still have insurance and expenses that aren't covered, those expenses need t

For someone self-employed, the numbers are tax-deductible. If you're employed, but still have insurance and expenses that aren't covered, those expenses need to be more than ... 7% of your adjusted income to be deductible (but only the amount over 7%). The 7% might not still be the correct number, but it's something like that. So... you have a job, but there's no employer-provided health insurance. You make $60k/year. Your adjusted income (after some deductions) might be, say, $45k. You decide to buy your own health insurance, and it costs you $500/month. That's $6k/year. 7% of $45k is $3150. So... $6000-$3150 = $2850 which would be the amount that you could avoid paying taxes on. Confusing much? > If so, how is the US still so well known for startups? Because there's metric-ass-loads* of money here looking for places to be invested, and we idolize the unicorn homeruns so much so that we have entire industries catering to their ecosystem. * Note, this is one of the few times we use the metric system in the US. 2 liters of coke/pepsi, and metric-ass-loads of <fill-in-the-blank>.