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Catherine, I love the idea of a "complete re-evaluation of our fee structure." What a great phrase! I will definitely use that next year as I decided, somewhat reluctantly, to hold the line this year again. It IS time for a complete re-evaluation! I doubt 25% will be the amount but it may very well be darn close! And I love the idea of losing half the clients at double the price leaving half the work for the same income. I think, if I really, really tried, that I could honestly live with that result.

Lots of questions about this -- what if you are a professional services C corp. and try to show zero net income each year using bonuses in order to avoid the 34% rate? Similarly, does this credit flow through in a partnership or S corp.? What about the restrictions on health insurance for S corp. shareholders? No wonder they need another 16,000 IRS agents to handle this "healthcare reform".