>
> Me: not true. Dividend money is taxed precisely
> once
> for each legal owner who gains posession of it, just
> like most things (such as the income which I give to
> another,
> which is subject to taxation for that person).
>
Oh absolutely. I'd never like to be mistaken for someone who is against corporation tax. However, the trouble with double taxation of dividends is that it encourages corporations to gear up; debt interest payments are a deductible expense, so the owners just take their surplus out of the corporate entity in this form. Increasing the fragility of the financial system and the likelihood of unnecessary depressions.
dd
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