Geithner: Obama Administration Ready to Go Over the "Cliff"

[humbled_opinion]

53. I didn't say leave

I said somehow recoup their money.... If many of these are businesses that produce the products and services that we use than it just seems like simple logic that they would pass on any impacts on their profit margins including higher taxes, back down to the consumers.... or possibly downsize and layoff the #1 business expense being labor.

This is INCOME tax we are talking about and to pay INCOME tax you have to have INCOME.... The super rich Wall Street execs, CEO's etc have ways of moving, hiding money etc, some of their bonus payments are not considered income and many get paid in stock options which are only paid out at the capital gains rate when they sell them off... .

I am just saying it seems that the businesses would most likely pass on the tax increase to the consumers, so we wind up paying more and they continue to get wealthy....