Here’s a very great thought that must not die a-borning: Out of Obama’s $250G limit on allowable gross income before being hit by higher tax rate can come some very good things for tax lawyers and accountants, who will be hired on to warn the business owner when to stop making and selling his product and hiring people.
These guys can make a bundle at this, and their charges will be well worth it to employers coast to coast. Who’s giving Obama these ideas anyway. Maybe a hard-hitting Chi Trib or Sun-Times investigation possibility here.
Blithe Spirit 
Yeah, excellent point. But watch, we small business owners will figure out how to live with it.
Scandanavia has this incredible capitalist economy going on right now and they’re being taxed out of existence. But it’s continuing on. Who knows for home much longer?
Bottom line is that we business owners are used to taxes. That’s not the problem, it’s getting the shaft constantly while these politicians talk about “creating jobs”. Give me a break.
Small business employs something like 90% of the workforce (excluding the rapidly catching up government).
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I had a software business in Stockholm at one time. The folks there spend about 1/4 of their time trying to find ways to avoid taxes and making weekend trips to Luxemborg.
There are booze cruises from Stockholm going out into international waters to serve tax free vodka by the gallon, and many other bits of tax induced bizarre behavior, none of which helps productivity very much.
JBP
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. . . and the 250G limit is on couples. A single person is liable at 125G. That’s gross!
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