Say you need to earn £1000 to cover your monthly expenses, excluding tax.
You pay tax at a flat rate of 20%.
To offset a flat rate of tax of 20% you have to increase your needed earnings by 25% (1250 * 0.8 = 1000).
How would you work out the needed multiplier to offset the tax (25%) without using trial and error (as I did)? Is there an equation?
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22, entrepreneurial and diagnosed with High Functioning Autism, ADHD, OCD and Tourettes. Also have problems with Anxiety, and more recently depression, although I seem to returning to my optimistic self =)