What does this mean to us? When our elected governmental leaders talk about raising taxes on the rich and on the evil and greedy corporations, they are actually talking about raising taxes on every individual citizen under their authority. Individuals pay the full amount of taxes charged by the government. They pay them directly through their own personal income tax returns, through their property taxes, through the sales tax on the items they purchase, and through the embedded taxes that increase the cost of the items they purchase. No corporation or business pays taxes. Those that claim they do are misinformed or are lying intentionally.
So when you hear politicians talking about raising taxes or closing loopholes you now know that you will pay for this. I suggest you vote accordingly in the next election and in every election to remove those who don't understand this basic economic principle.