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• 09:52, 23 February 2025 FabianChristy70 talk contribs created page Tax Reduction Scheme 2 - Reducing Taxes On W-2 Earners Immediately (Created page with "Many small individuals start with a sole proprietorship evade the costs of forming a corporation or LLC. This can be a wise decision as statistics show that a lot of small businesses lose money for the first several years.<br><br>For his 'payroll' tax as a member of staff he pays 7.65% of his $80,000 which is $6,120. His employer, though, must pay for the same many.65% - another $6,120. So one of the employee and his employer, the fed gets 15.3% of his $80,000 which to b...")