The corporate income tax in the United States ... A. Results in individuals bein

Question

The corporate income tax in the United States ... A. Results in individuals being doubly taxed on corporate warning B. Excludes dividends paid out C. Does not apply to profit earns on exports D. Only taxes retain earning The corporate income tax in the United States ... A. Results in individuals being doubly taxed on corporate warning B. Excludes dividends paid out C. Does not apply to profit earns on exports D. Only taxes retain earning A. Results in individuals being doubly taxed on corporate warning B. Excludes dividends paid out C. Does not apply to profit earns on exports D. Only taxes retain earning

Explanation / Answer

A) RESULTS IN INDIVIDUALS BEING DOUBLY TAXED ON CORPORATE EARNING.

THE CORPORATIONS ARE TAXED AS SEPARATE ENTITIES, THEN THE EARNINGS PAID OUT TO SHAREHOLDERS ARE ALSO TAXED. THIS RESULTS IN DOUBLE TAXATION OF THE SAME AMOUNT.

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