Dear Editor: Corporation Taxes
June 2, 2021
Regarding Terry Minow Big Sky 55’s article on big pharmacy:
Corporations do not pay taxes no matter their tax rate. If Zoom, which no one had heard of pre-pandemic had it’s profits grow 600%, they would in theory be taxed at a higher rate. No matter the rate paid, the cost are passed on to paying subscribers. t doesn’t matter if it’s a utility, pharmaceutical provider or a food distributor. If you set your prices to the customer you include your tax costs. If we were to tax drug suppliers at a higher rate we would each see it in the cost of prescriptions.