Taxes are a lot higher because the higher brackets kick in at a much lower income while cost of living is similar. A top 5% income is not enough to live a digni

Taxes are a lot higher because the higher brackets kick in at a much lower income while cost of living is similar. A top 5% income is not enough to live a dignified in London where most of those jobs are but it’s high enough that the government won’t let you make more. Very sad situation. Top 5% income in the UK is probably more like top 20% in the USA