In the United States,corporate profits are taxed at the corporate level but are not taxed as personal income in the form of dividend payments.

Question

Quizplus · Accepted Answer

Corporate profits are taxed at the corporate level, but when dividends are paid out to shareholders, they are subject to personal income tax. Therefore, profits are taxed twice - at the corporate level and at the personal level.

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