Income includes remuneration, interest, dividends and fringe benefits. Individuals currently pay a lower rate of tax on capital gains and certain corporate dividends. Increased corporate profits increase inequality by distributing dividends (mostly to higher income people). This is demonstrated by the taxation of interest income and stock dividends. He favored eliminating taxes on capital gains and dividends. Shareholders are also subject to tax on dividends received from corporations. Unlimited remittance of profits, dividends, service fees or capital is now the rule. These families reinvested most of the dividends in other industries, especially railroads. Many jurisdictions also require withholding tax on payments of interest or dividends. The corporation does not receive a tax deduction for the dividends it pays. These include deductions for dividends received and amortization of organization expenses. Disbursements include payroll, payment of accounts payable from recent purchases, dividends and interest on debt. Share repurchases are an alternative to dividends. Tax treatment of dividends varies between tax jurisdictions. An additional 37% was paid to stockholders as dividends.