Starting in 2013 my company's tax exposure increased. I still made the same amount of money because I was able to increase our hourly billing rate across all service spaces.
In fact, to really understand this concept, try the following: Find a large bucket; large enough to stand in, but not too big. Now pick that bucket up. No problem right? Ok, now stand in that same bucket and now try to pick it up. It's more difficult, right?
That's what happens when taxes are too high. The higher tax rates increase, the harder life will become for people who live by paycheck because the less companies and people will be able to spend...or lift that economic bucket.
There is never time to do it right, but always time to do it over.