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A comment on One million cancel broadband as living costs rise (UK). Parent comment

Re:One million cancel broadband as living costs rise (UK) by larksimian on Thursday May 18, 2023 @02:47PM (#35992373)
He's not taxed at 45% he just doesn't understand progressive taxation. You'd need to make like 1 million a year or more for the effective rate to be 45% i think.
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Re:One million cancel broadband as living costs rise (UK) by gpderetta on Thursday May 18, 2023 @03:38PM (#35992999)
Well yes, including NI the marginal tax rate is 47%, so you can only asymptotically reach it.

But your effective tax rate is already 40% at 125k.

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