Hangingitup
Dryer sheet wannabe
Hi all
Read that the new tax overhaul proposal taxes dividends at 43% and capital gains at 23.8% (from the current 15% for both). Since many retirees depend on these types of investment vehicles for income, seems to me this is potentially a huge consideration for ER. The rates quoted are for the "top" tax rates implying that rates are tiered. Nonetheless, still a significant hit.
Opinions on how realistic this is (will it happen?)?
Strategies on dealing with it if it does?
Read that the new tax overhaul proposal taxes dividends at 43% and capital gains at 23.8% (from the current 15% for both). Since many retirees depend on these types of investment vehicles for income, seems to me this is potentially a huge consideration for ER. The rates quoted are for the "top" tax rates implying that rates are tiered. Nonetheless, still a significant hit.
Opinions on how realistic this is (will it happen?)?
Strategies on dealing with it if it does?