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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

"If the value of all your itemized deductions goes from a 33 percent level to a 28 percent level than there would be a reason for people to do dramatic things to reduce their incomes," said Schatsky.

Peter Morici, a professor of business at The Robert H. Smith School of Business at the University of Maryland, agrees that while it may be possible to sneak around the taxes, it won't be as simple as some may think.

"You have to be pretty close to $250,000 in terms of your income to get underneath it," said Morici.

Related

Does Obama Tax Plan Promote Class Warfare?

Morici says that he believes Obama's tax proposal could spark a kind of class war. "What Obama is doing is pitting the poor against the upper middle class," said Morici. "He'll tax the rich for the health benefits everyone else wants."

Obama has said the new taxes on those making over $250,000 would go toward a fund that would support a gradual move to universal health care coverage.

Supporters of Obama's budget plans say that those who are at the top and complaining need to look at the bigger picture.

"Those who are going to be taxed more are obviously going to complain but I think they may miss the point," said Lisa Rotenstein, the chair of the Harvard Healthcare Policy Group at the Institute of Politics.

"This could have broader implications for the American economy as a whole improved health care means a healthier workforce that is more productive," said Rotenstein.

But Colorado dentist Poczatek says those who support the increase in taxes misunderstand what it means for those who will end up paying more.

"I'd like these people to know that we pay a lot of taxes, and have been paying a lot of taxes through the past administration," said Pcozatek.

"We make a lot of money, it's true, but we also already pay a lot of taxes," she said.

"So maybe we got a little bit successful but we worked very hard," she said. "It's taken us over 30 years and it didn't happen overnight. Every day is a lot of work.

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