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<blockquote data-quote="Bam" data-source="post: 30833867" data-attributes="member: 587477"><p>You make a sale of £1200 in your business</p><p></p><p>£200 is VAT</p><p></p><p>You have £1000 </p><p></p><p>You pay 25% corp tax on it</p><p></p><p>You have £750</p><p></p><p>You pay it to yourself as a dividend and pay 20%</p><p></p><p>You have £600</p><p></p><p>You spend it and £100 of the spend was VAT </p><p></p><p>You have something worth £500</p><p></p><p>You die and pass that thing onto your kids and your estate owes 40% of it in taxes. </p><p></p><p>Your kids have £300 </p><p></p><p>... are you seeing why it's nearly impossible to get ahead in the UK? This is why people are leaving the UK.</p></blockquote><p></p>
[QUOTE="Bam, post: 30833867, member: 587477"] You make a sale of £1200 in your business £200 is VAT You have £1000 You pay 25% corp tax on it You have £750 You pay it to yourself as a dividend and pay 20% You have £600 You spend it and £100 of the spend was VAT You have something worth £500 You die and pass that thing onto your kids and your estate owes 40% of it in taxes. Your kids have £300 ... are you seeing why it's nearly impossible to get ahead in the UK? This is why people are leaving the UK. [/QUOTE]
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