In the United States, corporate profits are taxed at the corporate level and then are taxed again as personal income in the form of dividend payments.

Question

Quizplus · Accepted Answer

This is true. Corporate profits are subject to corporate income tax, and then when the profits are distributed as dividends to individual shareholders, they are also subject to personal income tax. This is often referred to as double taxation.

In the United States, Corporate Profits Are Taxed at the Corporate