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Essay

Taxation of Corporations

Essay specific features

 

Issue:

Business

 

Written by:

Maximina C

 

Date added:

February 5, 2017

 

Level:

University

 

Grade:

A

 

No of pages / words:

76 / 21086

 

Was viewed:

10077 times

 

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Essay content:

Once you reach approx. $320K, you are at a flat 34% today. This is b/c you recoup the savings from the earlier lower rates. This is today. - At this time, many people preferred to have the limited liability of a corporation and the lower tax rate. Of course, you know that a corporation pays tax on its income...
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The corporation is a separate, distinct tax payer from the individuals managing the corporation. - Corporate profits are distributed as dividends. There is a shareholder tax on dividends. This is the second level of tax on corporations. - Domestic International Sales Corporation – Exports flow through a company and this company gets a special tax break on the sale of these goods...
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