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There is no "double taxation." Corporations are separate entities from their shareholders. That's why shareholders aren't liable for a corporation's debts or activities, and that's why corporations themselves are taxed separately from anything they may, or may not, pay to their shareholders.With the corporate tax, profits are taxed twice — once when the company records them as profits and again, on individual tax returns, when these profits are passed along to shareholders as dividends or capital gains from selling their shares.