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A small business tax deduction is a type of tax that you can deduct from your income to reduce your federal and state tax bills.
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Florida's tax rate makes it the most tax friendly state.
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Typically, your taxable income is calculated by subtracting cost of goods sold and expenses from total sales.
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The amount of tax rate that an LLC (Limited Liability Company) has to pay on its income. The self-employment tax rate for LLCs is 15.30%.
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