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Many small advertisers start with a sole proprietorship avoid the costs of forming a corporation or LLC. This is often a wise decision as statistics show that most small businesses throw money away for the first several years.

The Tax Reform Act of 1986 reduced suggestions transfer pricing rate to 28%, at the same time raising the bottom rate from 11% to 15% (in fact 15% and 28% became single two tax brackets).

During functions as your own Depression and World War II, the top income tax rate rose again, reaching 91% during the war; this top rate remained essentially until 1964.

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