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Revision as of 04:15, 29 August 2026

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

For my wife, she was paid $54,187, which she is not taxed on for Social Security or Healthcare. He has to put 14.82% towards her pension by law, making her federal taxable earnings $46,157.

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