[quote=pri_dk]One of the arguments for lower capital gains and dividend tax rates is that corporate profits are taxed twice. The corporation pays taxes first and then the shareholder is taxed again. So the total taxes paid on corporate profits is generally around 50%.[/quote]
That is the argument. Doesn’t always align with the real world though. Latest CBO numbers are that corporations pay an effective tax rate of about 12%, the lowest in 4 decades, despite one of the highest marginal rates in the world. So even combining the individual rate of 15% plus the effective corporate rate, the total is still much lower than top individual marginal rates.
