Avoiding The Heavy Vehicle Use Tax – Is It Really Worthwhile?

Many small business proprietors start with a sole proprietorship stay away from the costs of forming a corporation or LLC. It is a wise decision as statistics show that a lot of small businesses generate losses for the first several years.The more you earn, the higher is the tax rate on what we earn. In 2010-you have six tax brackets: 10%, 15%, 25%, 28%, 33%, and 35% - each assigned in order to some bracket of taxable income.For his 'payroll' tax as the employee he pays 7.65% of his $80,000 which is $6,120. His employer, though, must pay for the…