Very true, when compared with a wage job. But some of your life expenses can be taken for deductions such as home office and auto expenses, as there is some crossover between life and business. Most people have more deductions when you start looking at what it takes for their business than they think originally. This is especially true now that all the miscellaneous deductions have been taken out of the itemized deductions it makes more financial sense now to be self-employed than in the past...