* Posts by Dave Eade

1 publicly visible post • joined 10 Jan 2008

IT contractors cry foul over HMRC income splitting law

Dave Eade

The tax I pay...

My company invoices about £80,000 per year, of which I pay about £20k in various taxes to the state.

I take home about £60, but have to cover all my travelling expenses, time out, pensions and all the other expenses involved.

The money I have at the end of the month is equivilent to earning £40k as a permie - yet if I had a permie job for £40k I'd only pay about £10k in taxes.

Therefore my family pay twice as much tax as a permie - and now the govenment want to take more - thats whats unfair.