In the United States,________ profits are taxed at both the corporate level and when investors receive dividends.

Question

Quizplus · Accepted Answer

Corporate profits are taxed at the corporate level through the corporate income tax, and dividends paid to shareholders are taxed at the individual level through the dividend tax. Sole proprietorships and partnerships are taxed differently, as their profits are taxed only at the individual level for the owners.

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