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- 22:20, 22 January 2025 Guy540859657 talk contribs created page The Irs Wishes To You 1 Billion Capital (Created page with "Many small small business owners start with a sole proprietorship avoid the costs of forming a corporation or LLC. This is usually a wise decision as statistics show that a lot of small businesses lose money for the first several years.<br><br>A personal exemption reduces your taxable income so you find yourself paying lower taxes. You may be even luckier if the exemption brings you a new lower income tax bracket. For the year 2010 it is $3650 per person, same in princip...")