Some of the arguments in the Sunday, Sept. 17, pro-con on corporate taxes were laughable. What too many people don’t seem to understand is that companies don’t pay taxes. We consumers pay those “business” taxes.
Businesses have no money if you don’t buy their products or services. If you don’t buy, they go out of business. If you buy, they get money from you to pay their employees, pay for space to make the products or services, pay for materials they need to make products, pay to package and ship those products to stores, and eventually to you. They pay taxes with part of the money you provided by paying for the products or services.
If the government raises taxes on businesses, the company’s only source of money is you! So, an increase in business taxes means you, the customer, pays it.
Jim Vint, Santa Maria