Tax rate on dividends may be raised next year

Article

Discover whether the rumors about increased dividend taxes are true.

A: President Obama has proposed raising the tax rate on dividends to 39.6%. In addition, certain deductions and exemptions are scheduled to be phased out, so if you itemize and have 2013 adjusted gross income above about $175,000, you will lose some deductions. Note also that the Affordable Care Act includes a 3.8% surtax on investment income (see Q&A at left).

Related Videos
Robert E. Oshel, PhD
Gary Price, MD, MBA
Jolie Apicella, JD
Victor J. Dzau, MD, gives expert advice
Ron Holder, MHA, gives expert advice
remote patient monitoring
referral
no shows
© 2023 MJH Life Sciences

All rights reserved.