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Offshore Business - Pay Low Tax

58.00 €
Published date: 02/05/2025
  • Location: 33023, Yukon, United Kingdom
Many small business owners start with a sole proprietorship keep clear of the costs of forming a corporation or LLC. It is a wise decision as statistics show that a lot of small businesses lose cash for the first several years. A personal exemption reduces your taxable income so you wind up paying lower taxes. You could be even luckier if the exemption brings you a new lower income tax bracket. For the year 2010 it is $3650 per person, comparable to last year's amount. That year 2008, the amount was $3,500. It is indexed yearly for the cost of living.

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