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When that business is making money, you are making money.
When it sends you some of that money, it is sending you your own money.
So it should be taxed once, not twice, as is the case in many countries, mine for example.
I think it's probably more economically sound to suggest that the number
of tax steps isn't very important. Rather, the total taxation of the
pretax income of the firm passing to the after tax income of the
shareholder should be at some sane and consistent rate which probably
is not far from what the individual would have paid on the same income
had it come from his own personal economic activity.

Yes, that is what I mean by not taxing it twice. Taking half the taxes at the corporate level, and the other half at the personal level, is taxing it two times, and may be a practical way of collecting tax, but it is not double taxation in the sense I meant.

Any practical tax scheme has to consider not only fairness but also collection.

If you have all taxes collected at the personal level, then some people (ahem) will choose to live in jurisdictions where there is no personal tax. If you have all taxes collected at the corporate level, then you will have Warren Buffett complaining that he now pays no taxes at all, and that his secretary is basically paying for all his government services. Half at each level is maybe a reasonable compromise.

Regards, DTM
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