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To: wilywilly who wrote (138655)8/9/2012 7:58:54 PM
From: FUBHO1 Recommendation  Read Replies (3) of 155512
 
Mr. Obama is proposing to raise the dividend tax rate to the higher personal income tax rate of 39.6% that will kick in next year. Add in the planned phase-out of deductions and exemptions, and the rate hits 41%. Then add the 3.8% investment tax surcharge in ObamaCare, and the new dividend tax rate in 2013 would be 44.8%—nearly three times today's 15% rate.

online.wsj.com 


3. Dividends tax hike. Starting in 2013, the top tax rate on dividends is scheduled to rise from 15 percent today to 39.6 percent. In addition, Obamacare imposes a dividend "surtax" of 3.8 percent on families making more than $250,000 per year. That would create a top dividend tax rate of 43.4 percent, nearly triple today's rate. This will fall very hard on seniors. According to the Tax Foundation's analysis of IRS data, 70 percent of households over age 55 receive dividend income. 71 percent of all dividends paid flow to these households. To raise taxes on dividends is to raise taxes on seniors.
usnews.com 


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