The system of taxation of corporate profits in the United States is called a

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The system of taxation of corporate profits in the United States is called a classical tax system, where corporations are taxed on their profits, and then shareholders pay taxes on any dividends received from those profits. This is different from a dividend imputation system or franking credit system, where taxes paid by the corporation are credited to the shareholders. It also does not involve a double tax system, where both the corporation and shareholders are taxed on the same income.

The System of Taxation of Corporate Profits in the United