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by ed_balls·9y ago·view on hn ↗
If you make 50k your effective income tax + NI tax is about 33%. If you take other taxes (council tax, VAT, stamp duty etc.) Total effective taxation is around 50%.

Now the dividend tax is 15% (in the best case scenario you can always try funnelling money through Man Island or other tax heaven). There is no land tax and estate tax.

1 comments
Divident tax is after you paid 20% corporate tax. At the end you probably save the NI, but you have many other charges (accounting, time spent on paperwork, business rates, etc.)