Examples of double taxation in the following topics:
-
- In many countries, corporate profits are taxed at a corporate tax rate, and dividends paid to shareholders are taxed at a separate rate -- double taxation.
- This is the concept of double taxation: first the company was taxed for its profits, and later shareholders were taxed for their dividends.
- Such a system is sometimes referred to as "double taxation", because any profits distributed to shareholders will eventually be taxed twice.
-
-
- The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation (i.e. no double taxation).
- pass-through taxation (i.e., no double taxation), unless the LLC elects to be taxed as a C corporation;
-
- S status combines the legal environment of C corporations with partnership-like federal income taxation.
-
- Detrimental practices including topsoil depletion, non-renewable logging, and most mineral and metal extraction processes (including the mining of bauxite, chromium, coal, gold and silver) would provide additional taxation targets.
- No doubt many businesspeople will cringe at the prospect of a massive shift in taxation, but it's what would not be taxed that makes this proposition somewhat appealing.
- Furthermore, once a more sensible shift in taxation has been put into place, a common-sense approach to subsidies could also be adopted.
-
- In my opinion, Goethe was exaggerating when he called double entry bookkeeping "one of the most beautiful discoveries of the human spirit".
- At any rate, the discovery of double-entry bookkeeping was undeniably important, because, as Wikipedia explains:
- Double-Entry Bookkeeping is a system that ensures the integrity of the financial values recorded in a financial accounting system.
- Here is a simple example to give you a feel for the way that double entry bookkeeping works:
- First, a single transaction affects two accounts (a double-entry).
-
- A double-entry bookkeeping system requires that every transaction be recorded in at least two different nominal ledger accounts.
- A double-entry bookkeeping system is a set of rules for recording financial information in a financial accounting system in which every transaction or event changes at least two different nominal ledger accounts.
- In the double-entry accounting system, each accounting entry records related pairs of financial transactions for asset, liability, income, expense, or capital accounts.
- There are two different approaches to the double entry system of bookkeeping.
-
- For federal income tax purposes, however, taxation of S corporations resembles that of partnerships.
- The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation.
-
- Wealth redistribution can occur through targeted, progressive taxation and welfare policies such as free/subsidized education and access to housing.
- Social democracies typically employ various forms of progressive taxation regarding wage and business income, wealth, inheritance, capital gains and property.
-
- The owner receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all losses and debts.