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Pastimes : ITS THE ECONOMY STUPID II

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To: i-node who wrote (15)4/26/2003 1:02:02 PM
From: jackhach  Read Replies (1) of 113
 
I respect your honest answers -- and sincerely want to know. The fact that you are self-employed tells me quite a bit. It tells me that you are not a lazy shit by any stretch, and that you deal on a day to day basis with the realities of nearly every aspect of personal/biz finance.

I to am self-employed as a financial planner, and I to do a great deal of tax work -- and business is great for me personally, but many of my clients are hurting and can't get work of any value in/around Boston/New England. This is rather sudden -- just two/three years ago -- all was relatively good. Software and Telecom are toast these days -- and the only folks making any dough are my clients who are doctors (contrary to what you spoke of.) Doing their taxes I see that most pay no more then $10,000 a year for malpractice insurance (usually about 4, maybe 5% of their AGI.) Those paying anything higher are in "riskier" areas of practice -- and are being paid far more accordingly.

Malpractice insurance is up -- but it is far higher now for skilled/unskilled contractors by comparison. Any physician that makes the claim that the increased cost of malpractice insurance is "putting them out of business" is handing you a line of shit.

-JH
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