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Revision as of 00:44, 13 September 2026
Many small advertisers start with a sole proprietorship evade the costs of forming a corporation or memek LLC. This is a wise decision as statistics show that a majority of small businesses lose money for the first several years. Contributing an insurance deductible $1,000 will lower the taxable income from the $30,000 every person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For that $100,000 every year person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost twice as much!
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