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Politics : PRESIDENT GEORGE W. BUSH
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To: Bald Eagle who wrote (340101)1/8/2003 12:13:12 PM
From: steve dietrich  Read Replies (1) of 769670
 
The only reason dividend income is so called double taxed, is because when making this argument, the fact that a corporation is a distinct legal entity is ignored. Which bodes well for share holders when bankruptcy is declared by the corporation, else the individual share holders would be held accountable personally for the debts of the corporation.
Basically all income is taxed and retaxed when it exchanges hands.
People just want to have their cake and eat it too.
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