Letter: Tax hikes on corporations are paid by customers

First of all, this is not specifically a rant about personal taxes, be they state or federal. My complaint is the government's plan to raise the corporate tax rate to 28.5%. Does the Congress, the Senate and/or Joe Biden realize that corporations do not ultimately pay taxes?

The tax rates are built into the products they sell thereby those cost increases are simply and always passed on to us, the consumer, the victims in this victimless crime.

Folks, it's quite simple, even a politician can understand.

Example: I produce canned soup. The cost of the ingredients and packaging cost me 75 cents. Taxes are 25 cents per can, making my asking price $1. Now the government raised my tax rate 15%. What do I do to cope? I will raise the price of my soup to $1.15.

It isn't proverbial rocket science; it's freshman high school economics. I don't understand why this is so difficult to comprehend. Politicians tell us they are not raising our taxes, but in actuality, they are through the evil corporations and their greed.

Don't believe it folks. When Joe Biden and his buddies raise corporate taxes, they are taxing you.

Don Lass

Oswego