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Do I get double taxed on sole proprietor 2024?

James Martinez | 2023-05-08 00:38:44 | page views：1160
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Mia Patel

Studied at the University of Lagos, Lives in Lagos, Nigeria.
This means that the money shareholders receive as cash dividends is subject to income taxes twice: once when the corporations pay taxes on profits and once when shareholders pay taxes on dividends. Sole proprietorships are not considered tax entities separate from their owners, so owners do not face double taxation.
2023-05-10 00:38:44
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Zoe Brown

QuesHub.com delivers expert answers and knowledge to you.
This means that the money shareholders receive as cash dividends is subject to income taxes twice: once when the corporations pay taxes on profits and once when shareholders pay taxes on dividends. Sole proprietorships are not considered tax entities separate from their owners, so owners do not face double taxation.
Do Sole Proprietors Have Double Taxation? | Chron.com
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