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    rmhein's Avatar
    rmhein Posts: 1, Reputation: 1
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    #1

    Mar 20, 2007, 05:30 PM
    Finance solution
    How does double taxation of corporate income occur?
    delite's Avatar
    delite Posts: 202, Reputation: 3
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    #2

    Mar 21, 2007, 08:04 AM
    A corporation (inc) is taxed first on its net income. Shareholders who receive dividends from corporate proifts (above income) are taxed on such dividends on their personal income tax returns. Ergo, income is taxed twice; once at the corporate level and secondly at the shareholder level.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #3

    Mar 23, 2007, 09:36 AM
    Delite's answer summarized it rather well.
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