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Example: Scuba Inc. pays out 7 0 % of its earnings after taxes in dividends to shareholders. Scuba's earnings are taxed at a rate of
Example: Scuba Inc. pays out of its earnings after taxes in dividends to shareholders. Scuba's
earnings are taxed at a rate of and its shareholders are taxed at What is the effective tax
on each dollar of Scuba's income, considering both corporate and individual taxes?
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