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To: Axel Gunderson who wrote (4682)8/17/1998 12:41:00 PM
From: jeffbas  Read Replies (1) | Respond to of 78627
 
That is the first time I have heard of a corporate tax deduction for dividends paid to individuals. I am skeptical.



To: Axel Gunderson who wrote (4682)8/17/1998 7:51:00 PM
From: Bob Rudd  Read Replies (1) | Respond to of 78627
 
Axel: Are you perhaps referring to the 85% dividend exclusion corporation get for dividends they RECEIVErather than a DEDUCTION that the paying corporation may take on dividends they pay to shareholders?

If you are referring to a credit or deduction that the PAYING corporation may take on dividends paid could you elaborate a bit.

Respectfully,
Bob

Axel's prior message:
<<Yes, I am saying that corporations do get a credit for dividends. The understanding you cite, which is the common understanding, is inaccurate. Unfortunately the credit is not 100%, so there is some double taxation, but it is not as much as most people think.>>