The FACTS.

Note: To determine your cumulative tax rate, look at your normal paycheck and compare the amount you earned with the amount you get. If you earn $600 and get $400 then you are in the 30% cumulative (total of all deductions) tax bracket. If you earn $1,000 and get $500 then you are in the 50% tax bracket.

Symbiosis Enterprises also high recommends that you read IRS pamphlets P334 Tax Guide for Small Business and P535 Business Expenses before starting any business venture.  Always check with your tax consultant. 

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