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Letters from readers: American’s will pay the corporate tax
Letters from readers
American’s will pay the corporate tax
Every day I hear or read how the Biden administration plans to pay for all the new spending bills. The plan is to tax corporations but never tax the average American. As I learned in school, corporations don’t pay taxes. To a corporation, a tax is just another cost of doing business, like wages and energy. Any increase in the cost of doing business requires the increase in the selling price of their service or product. So the average American will be paying for those new spending bills, even if they don’t know it.