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Revision as of 07:41, 13 May 2026
Many small advertisers start with a sole proprietorship evade the costs of forming a corporation or LLC. This is often a wise decision as statistics show that a lot of small businesses lose cash for the first several years.
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I was paid $78,064, which I'm taxed on for Social Security and Healthcare. I put $6,645.72 (8.5% of salary) to produce a 401k, making my federal income taxable earnings $64,744.
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