Challenge In 2003, Congress reduced the tax rate paid by individual investors on
Chapter 14, Problem 15(choose chapter or problem)
Challenge In 2003, Congress reduced the tax rate paid by individual investors on dividends and capital gains to 15 percent. Previously the rate for dividends had been as high as 38.6 percent, and capital gains had been taxed at 20 percent. Which of these changes addressed the charge that corporate income is subject to double taxation? Give reasons for your answer.
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