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Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985

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BuyFindarrow_forward

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985
Textbook Problem

Some income from capital is taxed twice. Explain.

To determine

Double taxation on income from capital.

Explanation

Income from capital is taxed twice in case of dividends on capital stocks. Firstly, tax that is paid on this profit is in the form of the corporate income tax and ...

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