Raising income tax rates is unpopular, so the UK government adds hidden income taxes that aren't reported anywhere. You need to add 12% to your marginal tax ra

Raising income tax rates is unpopular, so the UK government adds hidden income taxes that aren't reported anywhere. You need to add 12% to your marginal tax rate before £46500 per year for national insurance payments (and 2% after that), and 20% between £100k and £121k per year for the loss of the standard deduction. The real marginal tax rate for someone making £100k is 62%. Also include 12% employer's NI (which by law isn't included in your salary, but must be paid by your employer), and a nice 20% sales tax levied on everyone except people with a significant amount of savings.