Which of the following is a means to avoid the double taxation burden imposed on the profits of corporations?
A) Treat all corporations as passthrough entities for federal tax purposes.
B) Enact tax legislation that would make dividends nontaxable to all of the corporation's shareholders.
C) Allow corporate shareholders a credit on their tax returns for the taxes paid by the corporation on the profits currently distributed to shareholders as dividends.
D) All of the above would avoid double taxation.
Correct Answer:
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