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Unformatted text preview: decision process * Equity capital is services by dividend distributions, which are not deductible by the payer and constitute property income taxed in a certain way to the investor * Debt capital is serviced by interest payments, which are deductible by the payer and constitute property income to the recipient * Employment income is subject to a completely different set of general rules form business income * Corporate tax rates differ from individual tax rates * The areas of tax law that apply to the internal day-to-day decisions of the business enterprise are among the least affected by the annual changes in federal budgets...
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- Spring '11