Quote:
Originally posted by sgtclub
Under that theory, it should be taxed at the difference between the corporate tax rate and the individual tax rate. The income has already been taxed at the corporate level, right?
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You could do that or allow corporations a deduction for dividends paid. That makes more sense to me, but a dividends received deductioncould work too.
Integration of the corporate and individual tax would also require other adjustments, too. It's not a bad idea, per se, but it isn't just a simple matter of enacting a deduction.
