A retiree receiving $37000 in divs grossed up will pay $11100.What do you think?
I think this statement is not at all correct
The retiree does not pay the $11000 at all. It is paid by the company, assessed on profits made by the company
Companies are taxable on their profits regardless of the income of their owners.
Dividends are paid out to shareholders AFTER THEIR COMPANY pays the relevant tax. This tax is paid by the company, not the shareholder.
A retiree receiving $37000 in divs grossed up will pay...
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