... deductible. This inequity was phased out by the law. In 199 7, 40% of the premium paid by the self-employed were deductible. In 199 8 and 199 9, it rose to 45%. In 2000 and 2001, it rises to 50%. ... contributions and earnings. For rollovers executed before January 1, 199 9, the resulting tax bill is spread over 4 years. Starting in 199 9, the rollover is fully taxable in the year it is completed.10. ... tops $40,000 in 199 8, climbing to $60,000 in 2005. For married couples filing jointly, the deduction is phased out once income exceeds $60,000 in 199 8, rising to $100,000 in 2007. 9. Introduction...