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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: rich4eagle who wrote (205083)	11/28/2001 1:05:15 AM
From: aknahow	Read Replies (1) \| Respond to of 769670

My original response to you was based on your statement, <<<Corporations pay taxes on retained earnings and write off everything else plus a lot of fuzzy stuff as a business expense.>>> This was made in post 204946. For Corporations that have paid tax and then pay dividends to shareholders the source of the dividends is taxed twice. The first time as a corporate tax on net earnings and then again when the dividend is included as income by shareholder's on their tax returns. I don't consider this as taxing the dividends twice but rather taxing the net earnings of a corporation twice. Once when earned and then again when paid out.