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Approximately what percentage of all energy use in the U.S. is devoted to the food industry?
Internal Revenue Code
The comprehensive set of tax laws in the United States, governed by the Internal Revenue Service (IRS), that dictates federal tax obligations.
Federal Income Taxes
Taxes imposed by the federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.
Corporations
Legal entities that are separate and distinct from their owners, with the ability to own assets, incur liabilities, and sell stock.
Double Taxation
A taxation principle referring to income taxes paid twice on the same source of income. This usually occurs with corporate income taxed at both the corporate level and again at the shareholder level on dividends.
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