Taxation With Representation?

It has often been pointed out that corporate profits are double taxed when a corporation pays income tax on its profit and then shareholders pay income tax on that same profit when it is distributed as dividends.

Depending on your tax bracket, you will generally pay tax on the dividends of either 15 or 20 percent—just like the tax on other long-term capital gains. There is also an additional 3.8 percent surtax on net investment income for taxpayers that have net investment income above applic...