No. of Recommendations: 1
<<By getting a check for $67,000, it's obvious that you didn't have this stock in a tax deferred account, thus you likely paid income tax on the dividend income. >>



Well, most dividends and Social Security are taxed at reduced rates. And while I have dividend, interest and rental income and Social Security, the standard deduction sharply reduces the taxes I pay as well. Of course, if I were working and adding earned income I'd rapidly start to being gouged by the tax code.

As it is, it's a relatively minor annoyance, and in a good year I may pay no income taxes at all.



Seattle Pioneer
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement