Obamacare Kills Dividends – by Richard Taylor
For the past seven years, dividends have enjoyed a Federal tax rate of 15%. This is all about to change under the new health care bill. The new bill adds an additional 3.8% Medicare tax to all dividends, interest, capital gains, annuities, royalties, and rental income for all joint taxpayers with adjusted gross income of $250,000 and single taxpayers with adjusted gross income of $200,000. This will... Read More