Top tax rate on dividends may surge

04/29/2010 | Wall Street Journal, The

The Senate Budget Committee recently passed a budget resolution that would nearly triple the top tax rate on dividends from 15% to 39.6%. President Barack Obama had proposed a 20% tax rate on dividends in his 2011 budget. Additionally, the health care legislation includes a 3.8% surcharge on dividends and other investment income.

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Wall Street Journal, The

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