But along with those taxes breaks comes increased risks. If a doctor takes their payment as dividends from being a partner at their medical firm, they are one b

But along with those taxes breaks comes increased risks. If a doctor takes their payment as dividends from being a partner at their medical firm, they are one bad local news story from losing a large investment in that firm. Changing how we tax dividends will cause a massive change in how the highly productive structure their income, and if it reduces risk, it seems to follow it reduce productivity. For instance, our doctors who invest in their local firm might instead take a salary position at the local big box medical conglomerate and put in their 32 hours a week with Friday for golfing. Instead of 70 hours a week they were putting in at their local firm not counting early morning rounds at the hospital to check on patients.