[larksimian]

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.

[gpderetta]

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.