The Practice Generally Known as Double Taxation Is Due to

question 48

Multiple Choice

The practice generally known as double taxation is due to

• A) shareholders' dividends being taxed at both the federal and state levels.
• B) corporate income being taxed at both the federal and state levels.
• C) interest on shareholders' dividends being taxed as income.
• D) corporate incomes being taxed at the corporate level, then again at the shareholder level when corporate profits are paid out as dividends.

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Definitions:

Populists

Founded in 1892, a group that advocated a variety of reform issues, including free coinage of silver, income tax, postal savings, regulation of railroads, and direct election of U.S. senators.

Bryan

Commonly refers to William Jennings Bryan, an American orator and politician known for his populist views, and his advocacy for free silver, and a three-time Democratic presidential candidate.

Eastern Industrialists

Business magnates or entrepreneurs from the Eastern United States who played a significant role in the industrialization of America during the 19th and early 20th centuries.

Populist Movement

A political approach aiming to represent the interests and aspirations of ordinary people, often against the elite or establishment, usually emerging during periods of economic hardship or social change.