> when income reaches £100K, there is a marginal tax rate of over 60% at that income level
Can't you just put that in your pension to avoid that effective 60% rate?
> no point in working long hours in a responsible job helping other people advance their careers if I keep less than 40p of every pound I earn at that point
I think the way the UK calculates tax at that level is a stupid way of setting it up, but "only" taking 40% of the 100k to 125k is hardly terrible. If you're in that range, you're incredibly well paid for the UK (or pretty much anywhere in the world).
I would personally like to pay more tax if it meant decent public services instead of people dying waiting for ambulances.
Can't you just put that in your pension to avoid that effective 60% rate?
> no point in working long hours in a responsible job helping other people advance their careers if I keep less than 40p of every pound I earn at that point
I think the way the UK calculates tax at that level is a stupid way of setting it up, but "only" taking 40% of the 100k to 125k is hardly terrible. If you're in that range, you're incredibly well paid for the UK (or pretty much anywhere in the world).
I would personally like to pay more tax if it meant decent public services instead of people dying waiting for ambulances.