A commercial 1.5kW (that's 1500 watts) laser is not really powerful enough to cut 1/8" brass. You have to understand that copper-based alloys (like brass) and aluminum conduct heat away from the cut so fast that the laser can't build up enough energy to burn the material away.
I did the research for my company recently on getting a CNC laser to cut parts out of tool steel. What I basically found out was that a 1.5kW machine would cost
$350,000, would barely handle 1/8" tool steel and would never cut brass satisfactorily.
If I were you, I'd look into a small milling machine like this:
http://www.sherline.com/mills.htm
I have one and it's great.
-Allin