Double taxation means that both
A)wage income and interest income are taxed, which is currently the case in the United States.
B)wage income and interest income are taxed, which is not currently the case in the United States.
C)the profits of corporations and the dividends shareholders receive are taxed, which is currently the case in the United States.
D)the profits of corporations and the dividends shareholders receive are taxed, which is not currently the case in the United States.

Question

Quizplus · Accepted Answer

Double taxation refers to the taxation of both corporate profits and the dividends that shareholders receive, which is a practice currently in place in the United States.

Double Taxation Means That Both