clipped from abcnews.go.com
Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan

President Would Slap More Taxes on Those Who Make Over $250K to Fund Health Care


A 63-year-old attorney based in Lafayette, La., who asked not to be named, told ABCNews.com that she plans to cut back on her business to get her annual income under the quarter million mark should the Obama tax plan be passed by Congress and become law.


Obama’s budget proposal calls for $989 billion in new taxes over the next 10 years, most of which will be earned from increased taxes on individuals who make more than $200,000 and from families who make more than $250,000.


Dr. Sharon Poczatek, who runs her own dental practice in Boulder, Colo., said that she too is trying to figure out ways to get out of paying the taxes proposed in Obama’s plan.


“I’ve put thought into how to get under $250,000,” said Poczatek. “It would mean working fewer days which means having fewer employees, seeing fewer patients and taking time off.”
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We can already see the effects of Obama’s tax plan on the most productive people in the nation – They’re looking at ways to be less productive.

While some economists and others balk at the Reagan-era Laffer curve, you can actually watch it happen in slow motion. When you tax the living crap out of people, they will eventually become less productive. The incentive – more money – begins to lose value.

This was a mistake done during the end of the 1920s and into the 1930s Hoover jumped the tax rate up beyond belief and FDR did very little during his Presidential tenure to help the most productive become even more productive.
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