Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
For those in the 15% bracket, qualified divs & LTCGs will TRIPLE -- up from 5% to 15% -- a 10% absolute increase.

Duh, my bad. I forgot about that 5% rate that exists now. You are right about the tax on divs--it will triple from 5% to 15%. But not CGs--the two rates will be 10% and 20% as before (or your marginal rate if it's lower than 20%). So for folks in the 15% bracket, some of their CG taxes will be taxed at 10%, a mere doubling from 5%. Did I get that right?

--fleg
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.