Subscribe to the Tax Headline RSS feed | Subscribe to the Tax Headline feed via EmailLawmakers Ponder Senate Budget Resolution for Clues on Dividend Tax Rates
April 29, 2010 in Daily Tax Report · Leave a Comment
The Senate Budget Committee-approved budget resolution does not make room for dividends tax rates to continue to be tied to capital gains rates after 2010, raising questions among some lawmakers about whether Democrats intend to allow the top effective tax rate on dividends to soar to more than 40 percent.
Since the Jobs and Growth Tax Relief Reconciliation Act of 2003 (Pub. L. No. 108-27), the maximum dividend and capital gains tax rates have been…
