 Quote:
Originally Posted by cute fuzzy bunny
Yes...except for unusual circumstances dividends are qualified and taxed at the same rate as LT gains, not at ordinary income rates.
|
This year...
The "Jobs and Growth Tax Relief Reconciliation Act of 2003" cut in dividend tax rate to the long term capital gains rate sunsets at the end of this year. In 2009 we go back to the old rates.
|