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Before we expand this discussion into the deeper details of corporate taxation this week, let's first focus on a fundamental drawback of incorporating an entity

Before we expand this discussion into the deeper details of corporate taxation this week, let's first focus on a fundamental drawback of incorporating an entity as a C corporation: double taxation. In your own words, explain what we mean by double taxation in this context, tell us why many people assert that it's not fair (for lack of a better word), and indicate any of the measures that might be used for circumventing this disadvantageous aspect of incorporating a business.

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