You knew it would happen.  With Obama’s tax plan, that magical $250K income level triggers numerous punishments — higher marginal rates, a higher capital gains rate, and a lower deduction rate.  So why work that hard only to have more money confiscated than was actually earned over that mark? 

ABC has a story on earners who will be cutting back when the tax hikes appear.  The kicker is the story has an embedded poll — Is it fair to reduce high salaries to sidestep Obama’s tax proposal?  I was a little surprised that the yes answers outpaced the nos.

Way to go, Obama.  Take away incentives not just at the bottom but at the top, too.  What a country you’re going to leave us.

Update: Dr. Helen Smith points out the more subtle digs in the ABC article (I only caught the glaring poll).  (H/T Michelle)

Update II: At the same Michelle Malkin link above, I read through the frustrated rant from Laura over at Pursuing Holiness.  She’s going on strike, and I think this will be a trend.  Check out the graphics at both links.