You Decide: Should the U.S. government change the current corporate tax system from double to single taxation, or is the present system (taxing corporate profits and then dividends to shareholders) adequate?

You were recently at a family gathering when the topic of conversation turned political.

Your father, a retired CEO of a regional grocery chain, commented on his dissatisfaction with the current corporate tax system. He said, “It was very frustrating to see profits of my company taxed once at the corporate level and then again when the shareholders receive dividends. Something should be done about that!” Do you agree with your father?