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Double Taxing

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Double Taxing
A tax law that causes the same earnings to be subjected to taxation twice. A company's income is taxed initially and then the shareholders and investors are taxed on the distributions they receive from the company.

Notes:
In some countries dividends are double taxed.



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Strickland recently introduced Assembly Bill 1315, which would eliminate this double taxing of gasoline.
Their bill, AB 1315, will eliminate a double taxing of gasoline - the state sales tax charged on federal and state gas excise taxes.
 
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