If you know about this ahead of time, and can be a contractor, then forming a corporation that is its own tax entity gives you this in the US. I did exactly this in the mid-90s when 9 months of work was suddenly going to yield 4-5x what I had made the previous year, then I would lose the position immediately after, and I knew I would need a break at that point. I paid myself the regular salary whether the corporation was making a lot or making nothing. The corporation had to pay taxes on the profit the first year, but it could deduct the loses against those profits in later years. The same thing happened 5 years later. All my work for a decade was through the corporation I had formed. You can also do things like have a company car (with the company deducting insurance, gas, maintenance, etc.), rent your home office to the company, and much more. US tax laws are much better for corporations and their owners than for individuals.
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