Difference between revisions of "Offshore Business - Pay Low Tax"
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Revision as of 14:23, 30 October 2024
Many small business owners start with a sole proprietorship to avoid the costs of forming a corporation or LLC. This is often a wise decision as statistics show that a lot of small businesses lose money for the first several years.
What difficulties as your 'income' tax has two tax brackets each featuring its own tax rate from 10% to 35% (2009). These rates are placed on your taxable income which is income a lot more your 'tax free' a living.
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