Corporations pay the same taxes as partnerships and proprietorships.

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Corporations are taxed differently from partnerships and proprietorships. They are subject to double taxation, where the company pays taxes on its profits, and shareholders also pay taxes on their dividends. Partnerships and proprietorships, on the other hand, are taxed as pass-through entities, meaning the profits and losses are passed through to the owners' personal tax returns.

Corporations Pay the Same Taxes as Partnerships and Proprietorships