Corporate profits are
A) taxed at too low a rate.
B) taxed only when a stockholder sells his or her shares of stock.
C) taxed twice—once by the corporate tax system, and again by personal tax system when they are paid to stockholders as dividends.
D) taxed three times—once by the corporate tax system, again by the personal tax system, and again as capital gains.
Answer: C
Economics
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