Tax Rates Reflect Well-Being

Many small business owners start with a sole proprietorship to the costs of forming a corporation or LLC. This can be a wise decision as statistics show that a majority of small businesses lose cash for the first several years.In addition, an American living and working outside the country (expat) may exclude from taxable income the owner's income earned from work outside united states. This exclusion is into two parts. Aid exclusion is proscribed to USD 95,100 for that 2012 tax year, as a way to USD 97,600 for the 2013 tax year. These amounts are determined on the daily…