How does income get taxed twice in the case of a corporation?

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asked Aug 13, 2021 89.9k views

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Mehrad · Answer 1 · 2021-08-17T22:39:45+0000

Answer: Double taxation occurs when a corporation pays the corporate tax rate on earnings or profits, then pays dividends from those profits to shareholders who are again taxed on the money at their personal rates.

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How does income get taxed twice in the case of a corporation?

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