Investors might face higher taxes on dividends next year
By: Tax Advisors Tax Planning Views: 5317 | Comments: 0 | Votes: 1
If the tax cuts are allowed to expire at the end of the year, stock dividends will be subject to a much higher tax. Right now, the tax on stock dividends typically is a maximum 15%. But if the Bush tax cuts expire and we revert to previous levels, dividends would be subject to an income-tax rate of as much as 39.6%. More