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You inherited 3 0 0 shares of stock in a large corporation from your grandfather. When you are awarded the first dividend, you learn that
You inherited shares of stock in a large corporation from your grandfather. When you are awarded the first dividend, you learn that it is considered a source of income and you will be taxed on that amount. You find this bothersome because the firm paid the dividend from aftertax profits, so these dollars were already taxed. This phenomenon is called
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