Myth of Double Taxation Is Politically Inspired

BY ELI MASON

My compliments to the author of “ An Opinion on Dividends’ Taxation ” who stated that double taxation of dividends is a myth.

In addition to his logical presentation, corporate income is subject to the “art” of accountancy which is ofttimes elastic: Declared dividends are precise, exact and determined by the whim of corporate boards.

In the case of a corporation with a current deficit that declares a cash dividend, where is the double taxation?

The myth of double taxation—like other myths—is politically inspired.

Eli Mason, CPA
New York City

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100th ANNIVERSARY

Black CPA Centennial, 1921–2021

With 2021 marking the 100th anniversary of the first Black licensed CPA in the United States, a yearlong campaign kicked off to recognize the nation’s Black CPAs and encourage greater progress in diversity, inclusion, and equity in the CPA profession.