I see people complain that tax cuts only help the rich, forgetting that this means the middle/working class keeps more money and get products for less

They also seem to forget that the rich don't pay tax anyway, the middle class pay for most of it. Whenever you tax a corporation, they will just cover that by increasing the cost of their products. The middle and working class then have to pay for this more expensive product with an income even less and they will also be taxed more.
Rather than deciding who we need to steal money from, I think there should be some sort of financial education and independence courses in school. With things like how to leverage debt, how to grow you own food, and how to not pay taxes. Oh, but then if we can create our own wealth, we won't be dependent on socialism.

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QuixoticSoul · 41-45, M

We have a tax allowance of £12,570. If you have an income of over £100,000 then you lose £1 of your personal allowance for every £2 you make over £100,000. When you consider things like bonuses, overtime, this hidden tax quickly builds up to 20% on top of your 40% tax rate.

This is actually seriously funny, and anyone who knows anything about taxes can see it.

If you make 125k+ your personal allowance is zero. The tax brackets don’t change, and you end up with ~35% total tax. ~45% if you add in the employer’s share. There is no functional way to get to a 60% tax rate, unless you’re including the vat, which you have avoided mentioning.

lynncelestial · 31-35, F

@QuixoticSoul Take an individual with total income of £120,000. He earns £20,000 over £100,000, and therefore loses £10,000 of his personal allowance (£1 of personal allowance for every £2 of income over £100,000), leaving £2,570 of personal allowance.

This £10,000 of extra taxable income (at 40%) means that this person pays £4,000 more Income Tax on top of the £8,000 due on the £20,000 income in excess of the £100,000 threshold. Therefore, the £12,000 Income Tax as a result of the extra £20,000 income gives an effective tax rate of 60%.

OggggO · 36-40, M

@lynncelestial That's not how math works. At all.
https://www.tax.service.gov.uk/estimate-paye-take-home-pay/

35,428.4/120000 = 29.52%

QuixoticSoul · 41-45, M

@lynncelestial This is a hilarious level of misunderstanding of how marginal taxes work. You clearly don’t get how the personal allowance (called the standard deduction in the states) works, among other general confusions.

Losing the personal allowance means that the taxpayer pays taxes on all of their income, instead of getting the first 12k tax-free. It nudges their effective tax rate up some, but will never move it past their top bracket (40% in this case).