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How much would a corporation tax increase affect the bottom line?

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    #11
    Originally posted by FIERCE TANK BATTLE View Post
    Yeah I was looking for a number, every time I see income tax in the news, it tells me how much worse off a person would be earning 80k or whatever.

    I am wondering how much worse I'd be off earning 100k revenue.

    I work a random number of days each week, usually 3-5, and switch contracts with breaks etc so it's hard to know exactly what my expenses are without delving in, plus calculating the business costs and deducting them etc. etc.

    I was just hoping for a ballpark figure, e.g. 100k revenue, average expenses for a year are 10k, so 5% less on the 90k profit, then after dividend tax, take home is 53k vs 50k so 3k difference.

    Except with more accurate figures.


    GIGO

    you've been shown how to do the calculation. So your choices are... give us all the information, do the maths yourself, or get your accountant to do it.
    See You Next Tuesday

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