Question
Assume that the corporate tax rate is 40% and the personal tax rate is 10%. If a corporation generates $200 per share before taxes, gives
Assume that the corporate tax rate is 40% and the personal tax rate is 10%. If a corporation generates $200 per share before taxes, gives all of the earnings to shareholders and Adam Smith owns one share. What will be the TOTAL tax Adam Smith pays on the $200 the company generates for him?
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Federal Taxation 2016 Comprehensive
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
29th Edition
134104374, 978-0134104379
