Profits of a Large Corporation Are Taxed Twice, Once as Corporate

question 139

True/False

Profits of a large corporation are taxed twice, once as corporate income and again as personal income of stockholders.

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Definitions:

Cold War

A period of geopolitical tension and ideological conflicts between the United States and the Soviet Union, from the late 1940s to the early 1990s.

Soviet Union

A former federal socialist state in northern Eurasia that existed from 1922 to 1991, officially known as the Union of Soviet Socialist Republics (USSR).

Communist-Allied

Being aligned or associated with Communist ideologies or entities, often in a geopolitical sense referring to nations or groups.

Ideological Confrontation

A conflict or clash between differing belief systems, values, or ideologies.