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President George W. Bush addresses the Economic Club of Chicago. “As it is now, many investments are taxed not once, but twice,” said the President in his remarks. “First, the IRS taxes a company on its profit. Then it taxes the investors who receive the profits as dividends. The result of this double taxation is that for all the profit a company earns, shareholders who receive dividends keep as little as 40 cents on the dollar.” White House photo by Paul Morse

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