The Double Tax on Dividends Deters Venture Investment -- Also It's Unfair

Rice, Raymond F.
February 1954
Saturday Evening Post;2/13/1954, Vol. 226 Issue 33, p12
The article reflects on the implementation of the double tax on corporate profits distributed as dividends in the U.S. Double tax disregards the fact that the operation of a corporation relies on the capital belonging to its stockholders. After the profits have been subjected to a corporation income tax, the remaining dividends are again taxed as income to the individual shareholders. After individual taxes, the take-home pay of the stockholder may be less than 10 percent of the total earning.


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