Does anyone know how dividends from mutual funds will be treated? Will they also qualify for the 15% rate?
Why are Democrats always taxing hardworking Americans every chance they get? I think it's because they want to turn all Americans into working poor so they try to win more votes. I'm glad I voted for Bush. Too bad the tax is only on long term gains. I knew there was a catch, there always is when your dealing with politicians, esp. demoRats.
So if buy a stock one day before the ex-dividend date and sell it on the ex-dividend date,what rate do i pay on the dividends?
I heard that reits are not subject to the 15% cap, but what about preferred shares and exchange traded debt that pay income in the form of dividends?
I haven't seen specifics of the final legislation but expect dividends on certain types of preferred stock (e.g. those set up as trusts that receive their income from selling debt to the parent company) will continue to be subject to ordinary income tax rates.