Which of the following best describes the "double taxation" on corporate profits?

a. The profits of a corporation are taxed at twice the rate of the highest individual tax rate

b. The income an individual gets from dividend is taxed at twice the rate of the income he gets from wages

c. The IRS is twice as likely to audit returns with dividend income as it is to audit returns with income from wages only.

d. Corporations pay taxes on the profits they distribute to the shareholders as dividends, and shareholders pay taxes on the same dividend as income on their personal income tax returns.