Many small individuals start with a sole proprietorship to 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. My finances would be $117,589 adjusted gross income, itemized deductions of $19,349 and exemptions of $14,600, making my total taxable income $83,640. My total tax is $13,269, I have credits of $3099 making my total tax in 2010 $10,170. My increase for that 10-year plan wo...