Hi everyone, I'm from the UK and as the title states, I'm self employed whilst still employed. Now I've never really made enough through IM to have to worry about BS tax rates. Now unfortunately I do, but I'm a little confused and annoyed. It's so hard to find two sites that give the same info, I just want a definite answer. I'm sick of paying tax on my current job, I hate seeing my money being given to pregnant women on the dole, it angers me. Yet I don't complain. However, I won't give them 40% of my IM earnings, simply put they can fuck right off. Now I'm not a tax dodger, I'm already paying tax on my current job, so don't get angry thinking that I dodge tax, I still pay it but I refuse to pay it on my IM earnings as well. Maybe I wouldn't refuse to pay it if it wasn't 40 fucking percent. Am I definitely correct in thinking this is correct: "any income over £41,450 will be taxed at the higher rate of 40%" Is this is as well as my usual income tax from my current job? So what's a good way around it or a good way to lower the 40%? I've heard about setting up a LTD but it seems like a lot of work for the average person. This may seem like a bit of a silly question but if I stored this money in my PayPal account and then spent bits of it on things (but don't ever withdraw any of it, my bank details are attached to the account) could the bastards find out about this? It just seems a bit extreme, I mean what's the point of me earning anything if they're going to take 40% of my IM earnings? Should I sit around on dole, is that what they want? (this is a joke btw ) Any answers are appreciated.