What is the purpose of corporate earnings and profits? Why isn't taxable income used to determine if

Question:

What is the purpose of corporate earnings and profits? Why isn't taxable income used to determine if a is a dividend?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...